SOL/USDT: testing local highs

SOL
SOLUSDT
84.48
+1.40%

๐Ÿ”น Timeframe: 4H

SOL is currently trading in the range of $224โ€“226, approaching the liquidity level where there were many sales earlier.

๐Ÿ“Š Technical picture

๐Ÿ”ธ RSI (NATR volatility): indicates active growth, but the market is gradually entering a zone of possible overheating.

๐Ÿ”ธ SMC (Smart Money Concept):

Order Block support: $210โ€“214

Liquidity above $230 (short stop losses where the price may be pulled).

Lower liquidity is concentrated around $200.

๐Ÿ”ธ Candlestick analysis: the last candles have long tails down โ†’ buyers are actively buying the dip.

๐ŸŽฏ Trading ideas

โœ… LONG (according to the breakout scenario)

Entry: $226โ€“228 (after the breakout)

TP1: $235

TP2: $245

SL: $220

โŒ SHORT (from resistance)

Entry: $230โ€“232 (rejection from the breakout)

TP1: $220

TP2: $210

SL: $236

๐Ÿ”ฎ Scenarios

๐Ÿ‚ Bullish: if SOL consolidates above $228 โ†’ the next liquidity zone is $240โ€“245.

๐Ÿป Bearish: a rejection from $230 may lead to a pullback to $210.

โš–๏ธ Neutral: consolidation at $220โ€“226 with large players accumulating positions.

๐Ÿ“Œ As we can see, SOL is currently at a crossroads โ€” either a breakout above $228 and a move to $240+, or a pullback to the $210 zone.

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