📊 SOL/USDT – One Hour Channel Accumulation Setup
🕐 Timeframe: One Hour
💰 Current Price: $176.66
📈 Trend Context: SOL is moving within a respected ascending parallel channel. The price is currently in the mid-range, consolidating after a recent bounce near the lower boundary of the channel.
🟩 Entry Plan (Bullish Bias):
📌 Entry Options:
Aggressive Entry: $175.00 – $177.00 (Current consolidation area after slight pullback)
Buy Entry on Dip: $170.00 – $172.50 (Lower Channel Support Touch)
Break Entry: Above $186.00 with volume (Confirmation of bullish continuation)
🎯 Profit Taking Targets:
TP1: $185.00 (Minor Resistance / Mid-Channel Reaction Area)
TP2: $195.00 (Upper Channel Resistance Area)
TP3: $205.00 – $210.00 (Full Channel Extension)
🛡️ Stop Loss:
SL: $168.00 (Below channel support and latest swing low)
⚖️ Risk to Reward Ratio Advice:
Entry: $175.00
SL: $168.00
TP2: $195.00 → Risk:Reward ≈ 2.85:1
Move SL to breakeven after TP1.
🔄 Alternative Bearish Scenario:
If SOL closes below $168.00 with strong selling volume:
📉 Downside Targets: $160.00 and $152.00 (Previous Demand Areas)
✅ Confirmation Triggers:
🔸 Strong Bullish Hourly Candle in the $175–176 Area
🔸 RSI bouncing from 40–45 on the short timeframe
🔸 BTC remains above $67K or shows bullish strength
🔥 Signal Strength:
High – Price structure remains bullish within a clean channel. The current mid-range pullback offers a favorable R:R setup, especially upon confirmation.
SOLUSDT
