SOL/USDT 1H: Bulls vs Bears - Waiting for the Breakout Battle!

SOL/USDT 1H Chart Analysis
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Current Market Structure:

• Price: $239.99, showing rejection at premium zone ($245).
  
• Trend: Bearish after breaking previous swing low.
  
• RSI: Hidden Bearish Divergence forming between price highs and RSI.
  

Smart Money Activity:

• Accumulation: Likely happening at discount zone ($222-225).
  
• Market Makers Intent: Distribution visible, suggesting potential downside to retest support.
  

Risk Assessment:

• 6/10: Mixed signals from current range.
  

Concerns:

• RSI leaning bearish.
  
• Price trapped between Fair Value Gap (FVG) zones.
  

Key Levels:

• Resistance: $245 (premium zone).
  
• Support: $222-225 (discount zone), critical level at $232.
  

Recommendation:

• Wait for confirmation:
  
• Break above $245 for long entries.
  
• Break below $232 for short setups.
  
• Avoid entering while price remains range-bound.
  

Market Maker Intent:

• Distribution: Ongoing at current levels.
  
• A move down to retest support is likely unless the range is decisively broken.
  
• Patience is key here Wait for a clear breakout or breakdown to confirm the next move. 🚨
  

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