#solana SOL/USDT 1H Chart – Trade Setup

SOL just printed a Bullish Gartley Pattern on the 1-hour timeframe, showing potential signs of a reversal after an extended downtrend. Price is hovering near the D point, which typically acts as a key reaction zone.

Key Details:

• Pattern: Gartley (Bullish)

• PRZ (Potential Reversal Zone): Around 114.59–115.18

• Trend: Still in a strong downtrend (Level: 134.69, -17.54%, TL Strength: 4.4/Strong)

• Targets: T1 – 118.1, T2 – 123.37

• Stop-Loss: Below 114.09 for risk control

Multi-Timeframe Trend Summary:

• 50 Bars: -13° (Strong Downtrend)

• 100 Bars: -6° (Sideways)

• 150 Bars: -12° (Strong Downtrend)

• 200 Bars: -8° (Downtrend)

Although the broader trend remains bearish, this harmonic pattern offers a potential short-term bounce opportunity. Entry should be confirmed with volume or candlestick structure around D-point.

Plan: Watch for a bullish reaction near 114–115 and use tight risk management if entering long.$SOL