SOL / USDT
Main analysis timeframe: 15m – 1h
Trend:
• Current trend: Correction / Weakness. SOL is showing more weakness than BTC, trading around the range of $137 - $139 (according to current contextual data). The H1 structure remains Lower Highs.
• Important price levels: $136.00 (Strong Support) - $142.50 (Nearest Resistance).
Liquidity Map:
• Liquidity above: $142.00 - $143.50 (SL area of the Short trend-following).
• Liquidity below: $135.50 - $136.00 (Important liquidity cluster, where Longs set early bottom SL).
• Liquidity hunting potential: Market Maker tends to sweep down to $136.5 to test demand before recovering.
Funding & OI:
• Current funding: 0.01% (Neutral). No significant difference between Long/Short.
• OI increase/decrease, signal: OI is flat, slight volume decrease indicates the market is hesitant waiting for BTC to confirm the trend.
Technical Indicators:
• RSI (1h): ~40 (Oversold area, but there is a slight positive divergence on the 15m frame).
• MACD: The signal line is below 0, selling pressure is weakening.
• Volume: Below average.
Trade Setup:
• Entry: $136.8 - $137.8 (Limit Order - Waiting for a sweep).
• Take Profit (TP): $141.5 - $143.0.
• Stop Loss (SL): $134.5 (Below the previous H4 candle wick).
• Bias: LONG (Scalp recovery according to BTC).
Click here to trade:
• Reason: SOL is in a short-term oversold area. Entry at the support level of $137 (Demand Zone) has a good R:R (>2.5) for a technical rebound to test resistance again.
Risk Note:
Maintain SL discipline. SOL is weaker than the overall market, if it breaks $135 it will trigger strong sell-off towards $125.