SOL/USDT โ Trade Setup (1H TF)
Current Price: 134.60 USDT
Last Updated: March 20, 2025
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๐ป Bearish Setup โ Rejection from Key Supply
Market Reaction: Price tapped into resistance at 136.15 (FVG + supply zone) and sharply rejected.
Indicators:
RSI: 69.7 โ flirting with overbought
Candle Structure: Long upper wick shows strong seller presence
Entry Zone: 134.50 โ 135.50
Target 1: 130.00 (demand/FVG zone)
Target 2: 127.50
Stop Loss: Above 136.50 (invalidate bearish structure)
Confirmation:
Failure to reclaim 136.15
Bearish candle close below 133.50
Bias: Short-term pullback expected
Risk Level: Moderate
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๐บ Bullish Setup โ Breakout Watch
If SOL manages to break and close above 136.15 with volume, the bears lose control and a breakout could be underway.
Entry Trigger: Break + retest of 136.15
Target 1: 139.50
Target 2: 143.00
Stop Loss: Below 134.50 (structure breakdown)
Confirmation:
Volume spike + clean 1H candle close above 136.15
Holding above previous resistance turned support
Bias: Momentum continuation
Risk Level: Higher, breakout trade
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โ ๏ธ Key Levels to Watch
Resistance: 136.15
Support: 130.00 โ 129.50
Breakout Zone: 136.15+
Bearish Breakdown Level: Below 129.00
