$SOL (Solana) is technically sound. Let’s break it down and add some key context for clarity and planning:
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Current Market Overview (as of ~$180):
SMT Divergence (Smart Money Technique divergence): This usually signals a potential reversal or correction when price moves contrary to what liquidity or a related pair suggests. It's a sign smart money might be offloading.
Short Bias Near-Term: You’re expecting a small correction, which makes sense with SMT divergence showing.
Confirmation Needed: Wait for a market structure shift (MSS) on lower timeframes (e.g., 1H) or a break of recent swing lows before shorting.
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Long Setup Plan:
Entry Below Daily Low Liquidity: You're targeting an area below the current daily low, which is often where liquidity pools sit.
OB + FVG Confluence:
Order Block (OB): A previous zone of demand likely to hold or react again.
Fair Value Gap (FVG): An imbalance that price often retraces to fill.
If both OB and FVG align, that's a strong long setup zone, especially if it’s under liquidity and paired with bullish divergence or internal structure shift.