๐ $SOL Analysis ๐
Bullish Order Block: 163.72 USDT
- Previous price rallies originated from this zone โ smart money accumulation area
- BUY confirmation: Price rejection with large bullish candle + high volume
- Stop-loss: Below 160.00 USDT (if OB fails)
Bearish Order Block: 206.30 USDT
- Price has previously rejected downward from this zone โ distribution area
- SELL confirmation: Price rejection with bearish candle & high volume
- Stop-loss: Above 210.00 USDT
Current Trading Strategy:
- Buy on retest of 163.72 USDT (SL 160.00)
- Sell on rejection at 206.30 USDT (SL 210.00)
- Current price: 186.60 USDT (sideways, waiting for OB breakout)
Key Indicators:
- EMA 200: Price above suggests bullish bias
- Volume: Confirm moves with high trading volume
Always practice proper risk management
