Technical Analysis $SOL
Solana shows a break from the downtrend, confirmed by a BoS (Break of Structure) and a ChoCh (Change of Character).
The current price ($171.92) has surpassed a compression zone and is above a key liquidity zone, where previous short positions were liquidated.
The liquidation map indicates a strong concentration between $175 and $195, with intermediate absorption.
The volume is healthy, although it is approaching overextension levels, which could lead to profit-taking.
Historically, there is still room to rise towards the previous annual highs ($210+), but friction is anticipated along the way.
Short-Term Outlook:
There could be a consolidation before continuing the upward movement.
It is recommended to wait for a pullback or a breakout with volume for a more confirmed entry.
Trade (Current Entry):
Entry: $171.9 (current price)
Stop Loss (SL): $159.5 (below the breakout candle, protecting the structure)
Take Profits (TP):
TP1: $185 (possible reaction in liquidity block)
TP2: $198 (sweep of upper liquidity)
Technical Detail:
Risk (SL): $12.4 per token
Reward TP1: $13.1 → Risk/Benefit Ratio (R/B) = 1.06
Reward TP2: $26.1 → Risk/Benefit Ratio (R/B) = 2.10
Considerations for Futures (x5-10):
Monitor possible rejections in the $175.5 zone.
Consider closing the position if this level is not maintained.
