⚙️ Oracle Trading Map – SOL/USDT
📊 Overview of the coin
Current price: $181.6
Change over 24 hours: -0.60%
Volume: Average
🕯️ Candle movement and trend analysis (4-hour timeframe)
🔸 Summary of recent trend:
SOL coin has retraced from the recent peak near $200, currently moving in a consolidation range around the $180 area, trading near the 200 moving average, indicating the potential for building a new base for upward movement.
🔸 Candle behavior and its meaning:
🟢 Long lower wicks → Buyers are defending support at $180.
🔴 Repeated upper wicks near $190 → Selling pressure and profit-taking at resistance.
⚖️ Small body candles → Indecision shows a state of anticipation before the next move.
🚀 Bullish engulfing candles → Strong buying signal from buyers.
📉 Bearish engulfing candles near resistance → Confirms rejection and selling areas.
🎯 Trading plan
Entry area: $179 – $183
Stop loss: $176
Profit-taking targets:
1️⃣ $190
2️⃣ $198
3️⃣ $210
Risk-reward ratio: ~1:3
🔍 Key notes
Whale activity: Large wallets are making heavy purchases around $180.
Support area: Strong at $179 – $181 where demand is concentrated.
Resistance area: $190 – $200 represents the supply wall that needs to be broken.
Market sentiment: Neutral to positive – Accumulation with a likelihood of a bullish breakout.
Note: If the $176 level is broken, the scenario is invalidated with a possibility of dropping towards $168.