analysis 📊Solana SOL-->>USDT 4H Technical Analysis🚀

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This is a detailed 4-hour chart analysis of Solana (SOL), ideal for short- to medium-term traders. For intraday scalps (15m, 1h), access our premium account and stay ahead with real-time strategies!

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🧠 Market Overview:

• Timeframe: 4H

• Current Price: ~$137.90

• Daily Change: +0.45%

• Last Candle Type: Small-bodied green candle (bullish indecision)

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📊 Key Technical Insights:

1. Support & Resistance Levels:

• Major Support Zones:

  • 🔵 $133 – $138 → Local demand zone currently holding the price; price is reacting here with multiple bounces.

  • 🟡 $122 – $127 → Lower strong demand area, visible as a bottom accumulation range.

• Major Resistance Zones:

  • 🔴 $148 – $151 → Strong volume resistance; multiple failed breakouts.

  • 🟠 $162 – $165 → High liquidity trap zone.

  • 🟣 $179 – $183 → Multiple wick rejections from the past, confluence of S/R.

  • 🟤 $210+ → Psychological & technical resistance, far from current price.

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2. Volume Profile Analysis (VRVP):

• POC (Point of Control): ~$151, indicating the most traded price level in this visible range.

• High-Volume Nodes (HVNs): $148–$151, $162 – tough areas to break.

• Low-Volume Gaps (LVGs): $140–$145 and $155–$160 → could result in quick moves if price breaks these zones.

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3. Current Trend Structure:

• Short-Term Trend: Bearish (lower highs and lower lows).

• Mid-Term Trend: Sideways with bearish bias.

• Momentum: Weak, with possible attempt of bottoming around $137.

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4. Chart Patterns & Price Behavior:

• Descending Channel in play from $210 to current price – SOL is testing the lower boundary.

• Possible Local Double Bottom forming between $132–$137 – bullish if confirmed with breakout above $145.

• No bullish divergence yet visible on volume, but decreasing selling volume hints at slowing sell pressure.

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🧩 What to Watch Now:

✅ Bulls Scenario (Long Setup):

• Entry: Between $134 – $138 (current zone)

• Stop Loss: Below $131 (below local support and possible invalidation of double bottom)

• Take Profits:

  • TP1: $145 (minor resistance & LV gap zone)

  • TP2: $151 (POC + resistance cluster)

  • TP3: $162 – $165 (strong resistance, partials advised)

📈 Risk/Reward: 1:2.5 or more if held to TP3
⚠️ Only valid if price holds above $134 and gets a candle close > $140.

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❌ Bears Scenario (Short Setup):

• Entry: On confirmed breakdown below $132 (preferably with high volume)

• Stop Loss: Above $138

• Take Profits:

  • TP1: $127 (first major support)

  • TP2: $122 (accumulation zone low)

  • TP3: $115 (long-term major support)

📉 Risk/Reward: 1:3+, aggressive play depending on confirmation

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⚠️ Important Notice:

This is not financial advice. Every trade should be considered individually based on your strategy and risk management. The crypto market is volatile – do your own research before entering a position.