🧠 Chart Breakdown (SMC - Smart Money Concepts)

🕒 Timeframe:

5-minute chart (5m)

📈 Market Structure:

The chart shows bullish structure with a Change of Character (ChoCh) and a Break of Structure (BOS) confirming bullish intent.

🔄 Key SMC Terms on Chart

ChoCh (Change of Character):

Indicates the shift from bearish to bullish structure.

This is the first sign of a potential reversal or trend change.

BOS (Break of Structure):

Price broke above a recent swing high, confirming the new bullish trend.

BULL OB (Bullish Order Block):

A gray zone marked between ~0.7800–0.7850.

The last bearish candle before the BOS — a demand zone where price is expected to react.

🛒 Entry Strategy

Entry Price: ~0.7849 (within the Bullish Order Block)

Buy Limit Order appears to have triggered around 0.7850

🎯 Trade Setup

Entry: 0.7850

Stop Loss (SL): 0.7766

(Below the order block – protects against invalidation)

Take Profit (TP): 0.8150

(Just below recent high – safe exit before resistance)

Risk-to-Reward Ratio (RRR): ~3:1

(Good RRR – risking ~8.4 pips to gain ~30 pips)

🔍 Analysis Summary

Trend: Bullish

Bias: Buy

Confirmation: BOS after ChoCh, and price returning to Bullish OB.

Expected Move: Price to push upward toward the 0.8150 TP level, as shown by the projected arrow.

✅ Final Thoughts

This is a classic Smart Money Buy Setup, where price:

Shifts structure (ChoCh)

Confirms bullish intent (BOS)

Returns to a demand zone (Bullish OB)

Triggers a long entry with a favorable RRR

Let me know if you want this turned into a trading journal entry or notion template.

#WIF $WIF #solana