SOL/USDT 1H: Bulls Building Momentum for a $244 Retest!!

SOL/USD 1H Chart Analysis
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Current Price: $235

Market Structure:

• Bearish momentum after breaking key support at $244.
  
• Potential bottoming formation visible at current levels.
  

Smart Money Analysis:

• Accumulation Zone: $220-$230 with heavy institutional volume.
  
• RSI: Hidden bullish divergence forming (lower lows in price, higher lows in RSI).
  
• Market makers appear to be accumulating for the next upward move.
  

Key Levels:

• Resistance: $244, $252, $268.
  
• Support: $220, $228.
  

Trade Setup (Confidence Level: 8/10):

• Entry Zone: $232-$235.
  
• Targets:
  
• T1: $244
  
• T2: $252
  
• T3: $268
  
• Stop Loss: Below $220 (accumulation zone).
  
• Risk Score: 6/10 (moderate risk due to market volatility).
  

Recommendation:

• Long position recommended with tight risk management.
  
• Watch for confirmation above $238 to increase confidence in bullish continuation.
  
• Volume and price action at $244 will be key to determining the strength of the breakout.
  
• Confidence Level: 8/10 for bullish reversal potential.
  

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