SOL/USDT 1H: Accumulation in Play – Rebound to $208?

SOL/USDT 1H:Analysis
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Current Market Analysis:

• Price at $197.49, rejecting at the $204 FVG (Fair Value Gap).
  
• RSI indicating potential hidden bullish divergence, suggesting underlying strength.
  
• Market structure forming lower highs, with key resistance at the $204-$208 zone.
  

Trade Setup:

• Confidence Level: 7/10 – Favorable setup but requires confirmation.
  
• Entry: Wait for a retest of $196 support before entering.
  

• Targets:
  
• T1: $204 (FVG fill).
  
• T2: $208 (Premium zone).
  
• Stop Loss: Below $192 (recent swing low).
  

Risk Score:

• 7/10 – Decent R:R setup, but potential liquidity grabs below $192 pose risk.
  

Smart Money Analysis:

• Accumulation likely occurring within the $192-$196 range.
  
• Market Makers building liquidity below $192, possibly targeting a stop hunt before reversal.
  

Recommendation:

• Wait for confirmation of support at $196 before entering long positions.
  
• Increased volume is necessary to confirm a bullish move.
  
• Be patient and watch for a liquidity sweep below $192 for a potential reversal entry.
  

Confidence Level:

• 7/10 – Bullish bias in play, but confirmation needed for execution.
  

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