Hey fam 💖,
$SOL just reclaimed the $155 level after dipping to around $150.87 earlier today. Let’s break down what’s happening:
Market Context:
• Current Price: $155.70
• 24h High: $157.96
• 24h Low: $150.87
• 24h Change: -0.77%
SMC Analysis:
1. Order Block (OB): Identified a bullish OB around $150, which acted as support during the recent dip.
2. Fair Value Gap (FVG): There’s an FVG between $150–$152, indicating potential for price to revisit this zone.
3. Liquidity Sweep: The dip to $150.87 may have cleared stop-losses, setting the stage for a bounce.
Trade Plan:
• Entry: Consider entries between $151–$153 if price revisits the FVG.
• Stop Loss: Place SL below $150 to manage risk.
• Target: Look for a move back to $160–$165 if bullish momentum continues.
What are your thoughts on $SOL’s recent price action? Share your insights below! 💬
