๐ SOL/USDT 4H Chart Analysis
๐ข Key Zones:
๐ด Resistance Level Zone:
Marked at approximately 185โ188 USDT
Multiple rejections in this area (red arrows ๐), confirming it as a significant supply zone.
๐ฉ Support Level Zone:
Found around 140โ147 USDT
Price has previously bounced off this zone (green arrows ๐), indicating strong demand.
โ๏ธ Mini Levels:
๐ก Mini Support/Resistance:
Around 157 USDT, previously acted as both support and resistance (yellow box).
Price reacts to this zone during its downtrend and uptrend, highlighting its significance.
๐ฎ Current Price Action:
The price is currently at 153.36 USDT.
The recent low was just above 140 USDT, confirming a higher low formation.
A small pullback is visible after testing the support zone.
๐ Trade Outlook & Scenarios:
๐ต Bullish Scenario (Main Bias):
If the price maintains above the support zone (140โ147 USDT) and breaks the mini resistance (~157 USDT):
Possible continuation towards the resistance zone (185โ188 USDT).
Target ๐ฏ at 187.99 USDT (highlighted in the yellow zone).
๐ด Bearish Scenario:
If the price breaks below the 140 USDT support:
Downward continuation to 132 USDT or lower, as shown in the chart (red zone).
๐ง Risk Management:
๐ Stop Loss:
Conservative traders: below 140 USDT (red zone ๐จ).
Aggressive traders: below the last swing low (~144 USDT).
๐ก Professional Takeaway:
โ
Support and resistance zones are well-defined.
โ
Current bounce from support zone suggests a possible reversal.
โ
A break and close above the mini-resistance at 157 USDT would confirm strength.
โ
Risk management and patience are key for this potential upside move.