📈 I opened a long at $SOL — don’t focus on the signal, focus on the analysis.
In the 4H chart, Solana left a bearish hammer candle with a long wick, a clear signal of liquidity absorption and price rejection from $253. 📉 As we anticipated in previous analyses, the bearish movement occurred precisely, coming down from $250+ to touch $234, surpassing the minimum target we set at $238.
🔍 What makes this area relevant?
— It coincides with a key technical support
— It reinforces its importance by aligning with the weekly POC (Point of Control)
💡 Seeing the rejection in that area — despite the market being in relative overbought — I decided to open long from $238, with:
— TP at $245
— SL adjusted to $235
— Favorable risk/reward
📊 In the 1H chart, the trigger is validated even more:
— Confirmation of support at $234
— Coincidence with the intraday POC
— RSI started to slightly lateralize, which reinforces the pause in bearish pressure
📌 The analysis is clear, the management is defined.
Don’t trade signals, trade structure.