Based on my current analysis of $SOL —similar to Bitcoin—I anticipate a potential retest. However, we need to approach this trade with caution to avoid being caught off guard, especially as spot traders. There are two key supply zones in play, and there’s a strong chance the market will offer another opportunity to buy at lower levels once those zones are filled. For now, we’re only focused on short-term trade setups.
The trade opportunity is on daily and 4hours chart 📊 Because market is likely giving us a retest of the current zone to the supply zone above it
How do we trade it ?
Because market will likely decline again after filling the supply zones I will advice traders to not go all in this kind of trade 📈 at least go in 30%-50% of your trading capital so that you don’t get caught in
Market is likely retesting the 135$-140$ zone for a buy to 175$k-180$
Buy on spot here ⬇️⬇️⬇️ not futures.
So the buy area is around 150$ and the sell area is around 175$-180$
Note: I previously shared the buy zones, which were around the $120 area. If this trade plays out positively, I may revise those zones—so stay tuned for my upcoming analysis.
Please remember, take this trade at your own discretion and be responsible. I’m not simply saying “buy”—I’ve at least backed it up by sharing my chart. If what I’m seeing doesn’t align with your own analysis, it’s perfectly okay to wait. There will be solid trade opportunities once the market fills the supply zones.