$SOL Analysis:
Solana is showing a classic Bullish Reversal pattern on the 1H timeframe. After a period of distribution leading down to the $80.00 psychological support, we witnessed a sharp V-shape recovery. The price has recently broken through a local resistance at $87.50, turning it into a flip zone.
We are currently seeing a healthy retracement to grab sell-side liquidity before the next leg up. The market structure has shifted from Lower Lows to a clear Higher High (HH) and Higher Low (HL) formation. If the $87.50–$88.00 zone holds as support, the momentum points toward the next liquidity pool near the $94.00 mark.
🎯 Trade Setup:
Direction: Long 📈
Entry Zone: $88.00 - $88.50
Stop Loss: $85.50 (Below recent swing low)
Take Profit 1: $91.50
Take Profit 2: $94.00
Take Profit 3: $97.50
TRADE $SOL HERE👇
⚡ Key Reasons:
• SMC Shift: Market structure break confirmed with a strong impulsive move.
• Support Flip: Previous resistance at $87.50 is now acting as a solid demand base.
• Liquidity Grab: The current wick down is clearing late longs before the continuation.
• Volume: Increasing buying pressure on the recent green candles compared to the pullback.
📈 Pro Tip:
Always wait for a candle close above your entry zone to avoid being caught in a "fakeout" wick. Patience is the ultimate edge.
⚠️ Disclaimer:
This is not financial advice. Always manage your risk and trade responsibly.