SOL/USDT 1H: Accumulation in Progress – Rebound to $208 Possible

SOL/USDT 1H:Analysis
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Current Market Structure:

• Price trading at $199.14 with a bearish structure, forming clear lower highs and lower lows.
  
• Current consolidation within the $196-$204 range suggests potential accumulation.
  

Smart Money Concepts:

• Institutional buying is evident within the accumulation zone ($196-$204).
  
• Hidden bullish divergence on RSI (39.38) indicates a potential reversal setup as Smart Money positions for a move higher.
  

Key Levels:

• Entry Zone: $199-$200
  
• Targets:
  
• T1: $204 (key resistance).
  
• T2: $208 (next resistance level).
  
• T3: $216 (extended target).
  

• Stop Loss: Below $196 (recent support).
  

Risk Score:

• 7/10 – Moderate risk, with clear invalidation below $196 and potential upside supported by divergence and volume.
  

Market Maker Intent:

• Smart Money appears to be accumulating within the $196-$204 range.
  
• Volume profile supports a thesis of reversal, with potential for a breakout above $204.
  

Recommendation:

• Long entry favorable within the $199-$200 range.
  
• Monitor for a break above $204 to confirm bullish momentum.
  
• Maintain tight stops below $196 to mitigate risk.
  

Confidence Level:

• 7.5/10 – Bullish setup supported by divergence and accumulation signals.
  

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