analysis 📊SOLANA SOL-->>USDT 4H Chart Analysis

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This is not investment advice. All trading decisions should be made independently after thorough research and risk assessment.

1. Timeframe & Context

• Analysis timeframe: 4-hour (4H) chart.

• Note: Shorter timeframes (1H, 15min, etc.) are available with a premium account – upgrade for more detailed and dynamic intraday analysis!

2. Key Observations from the Chart

a) Current Price Action

• Current Price: ~$146.95 USDT

• SOL is consolidating just below a significant resistance zone after a strong upward move from recent lows.

b) Support & Resistance Levels

• Major Resistance:

  • $150–$155: Strong resistance zone (marked by red horizontal areas). Price has been rejected here multiple times.

• Immediate Support:

  • $140–$143: Local support (green zones). Price has bounced here recently.

  • $130–$135: Stronger support (wider green zone), also visible as a high-volume area on the right (Volume Profile).

• Deeper Support:

  • $120–$125: Next significant support if the above levels break.

c) Volume Profile

• Noticeable high volume node around $130–$135, suggesting strong historical interest and potential for a bounce if price retraces.

d) Trend

• Short-term: Uptrend (higher lows, higher highs from recent bottom).

• Mid-term: Still in a corrective phase after a major drop from the $200+ region.

• Momentum: Currently consolidating, momentum slowing near resistance.

e) Price Structure & Patterns

• Range-bound: Price is ranging between $140–$150.

• No clear breakout yet: Awaiting a decisive move above resistance or below support.

3. Trade Ideas & Scenarios

Bullish Scenario

• Entry:

  • Aggressive: Buy near $143–$145 with tight stop below $140.

  • Conservative: Wait for a confirmed breakout and retest above $150 (entry ~$152).

• Take Profit Zones:

  • TP1: $155 (previous highs)

  • TP2: $165–$170 (if breakout is strong)

• Stop Loss:

  • Below $140 for aggressive entry.

  • Below $150 for breakout entry.

Bearish Scenario

• Entry:

  • Short near $150–$153 if price shows rejection and bearish confirmation.

• Take Profit Zones:

  • TP1: $143 (local support)

  • TP2: $135 (major support/volume node)

• Stop Loss:

  • Above $155 (to avoid squeeze on breakout)

Neutral/Range Trading

• Buy near: $140–$143 support

• Sell near: $150–$155 resistance

• Tight stops to manage risk due to potential for breakout in either direction.

4. Sentiment & My Personal Play

• Sentiment: Neutral to slightly bullish as long as $140 holds.

• What would I do?

  • I would wait for a clear breakout above $150 for a safer long entry, or look for a bounce play at $143 with a tight stop.

  • If price breaks below $140 with volume, I’d look for short setups targeting $135 and $125.

5. Summary Table

Level	Action	Sentiment	Stop Loss	Take Profit
$143–$145	Buy (Aggressive)	Bullish	Below $140	$150, $155
$150–$153	Short (Rejection)	Bearish	Above $155	$143, $135
$152+	Buy (Breakout)	Bullish	Below $150	$155, $165

 

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Remember:
This analysis is for educational purposes only. Always do your own research and manage your risk accordingly. Good luck and happy trading! 🚀