SOL/USDT 1H: Bullish Bias – Accumulation & Hidden Divergence?

SOL/USDT 1H: Analysis

Current Market Structure:

• Price: $200.30, currently in the equilibrium zone.
  
• RSI: 50.70 (neutral), but note the hidden bullish divergence when compared to price action.
  
• Structure: Bullish bias with higher lows forming, supporting an upward trajectory.
  

Trade Setup:

• Position: Long
  
• Entry Zone: $198 - $200 (after a retest of the current equilibrium zone with a bullish order block formation).
  
• Targets:
  
• T1: $207.50
  
• T2: $215
  
• Stop Loss: $195 (placed below the recent swing low).
  

Risk Score: 7/10

• Rationale: Favorable risk-to-reward ratio, but precision on the retest is key.
  

Smart Money Analysis:

• Accumulation: Visible in the $190 - 195 zone.
  
• Premium Zone: Established at $220, suggesting a target for market makers.
  

Market Maker Behavior:

• Likely to trigger stops below $195 before propelling the price upward.
  
• Volume Profile: Supports the continuation of bullish momentum.
  

Key Recommendation:

• Action: Wait for a retest of the $198 - $200 zone accompanied by a bullish order block formation before entering a long position.
  
• Caution: Avoid shorts given the overall bullish market structure.