🧾 General Information about the Chart
Currency: Solana against Tether (SOL/USDT)
Platform: Binance
Time Frame: Daily (1D)
Tool used: LuxAlgo – Smart Money Concepts
📉 Overall Trend
Medium trend: Bearish – clear from the lower highs and lower lows from February to April 2025.
Short-term trend: Corrective Rise – Strong bounce from a strong demand area with a small structure break indicating temporary buying strength.
📍 Key Levels
✅ Support Areas
$98 – $110 → Strong Demand Area (colored blue), described as "Weak Low".
$120 – $130 → Secondary Support from a recent consolidation area in March/April 2025.
❌ Resistance Areas
$160 – $170 → Supply Area, recently experienced price rejection.
$185 – $200 → Medium Resistance (Supply Zone according to LuxAlgo).
$240 – $260 → Major Resistance (Significant Previous High).
$295 – $300 → Marked as "Strong High" – Major Liquidity Target.
📊 Price Momentum Analysis
Recent price behavior: A sharp and strong bounce occurred from the low at $98.
CHoCH (Change in Behavior): Appeared near $135–$140 indicating a change in trend.
BOS (Break of Structure): Confirmation of bullish breakout near $147 – a signal that buyers are temporarily in control.
💧 Liquidity Accumulation Areas
Below $98: There is a stop loss order cluster (liquidity pool) – potential target for market makers.
Around $145–$147: Structure Break Area – often sees liquidity gathering and price skirmishes.
Above $300: Long-term liquidity target (used by smart money as a final target).
💼 Safe Entry and Exit Areas
🟢 Long Entry Areas
Aggressive Entry: Around $135 after re-testing CHoCH.
Safe Entry: $120–$130 with Stop Loss below $110.
High Yield Adventurous Entry: $98–$110 Area (Strong Demand).
🔴 Sell/Exit Areas
Partial Exit: $160–$170.
Main Target: $185–$200.
Final Exit: $240–$260 then $300 (Distribution and Liquidity Areas).
🧠 Smart Money Movement and Market Makers
CHoCH was observed then BOS – indicating smart accumulation in the $98–$130 area.
The presence of long-tailed candles at $98 indicates liquidity gathering (Stop Hunt) before the reversal.
The current movement looks like a re-accumulation wave before targeting higher areas.
✔️ My Recommendations
📈 For Swing Traders
Buying Strategy:
Entry: $135 or $120 on the pullback.
Stop Loss: Below $110.
Targets: $160 → $185 → $240+
⏱ For Day Traders
Wait for confirmation of breakout above $147.
Monitoring the retest of breakout areas (like $145).
Close Stop Loss, quick execution.
⚠️ Risk Management
Avoid entering above $160 without clear breakout confirmation.
If $110 breaks down, the overall trend must be re-evaluated.
📌 Areas for Future Monitoring
$147.5 – $150: Short-term decision point.
$185 – $190: Potential stop or temporary price pullback.
$98: If it breaks down, there will be a strong selling opportunity (confirmation of continued bearish trend).
