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

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This is a detailed technical analysis of Solana (SOL) against Tether (USDT) on the 4-hour timeframe, based on the current market structure and visible indicators.

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1. Current Trend & Market Sentiment

• Trend: SOL is currently in a recovery phase after a significant downtrend, showing a strong upward move from the $120–$130 region up to recent highs near $180.

• Sentiment: The sentiment appears cautiously bullish in the short term, but there is visible resistance overhead and some consolidation after the recent rally.

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2. Key Support & Resistance Levels

• Support Zones:

  • $162–$168: This is the immediate support zone, where price is currently consolidating. It aligns with a high-volume node on the visible volume profile, suggesting strong buyer interest.

  • $148–$155: Next major support, previously a resistance area, now flipped to support after the breakout.

  • $130–$140: Strong historical support, marked by previous accumulation and several price reactions.

• Resistance Zones:

  • $175–$180: Immediate resistance, where price was recently rejected.

  • $190: Next significant resistance, visible from previous price action and volume profile.

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3. Volume Profile Insights

• High Volume Node: The highest volume of trading activity is clustered around $160–$170, indicating a fair value area and potential battleground between bulls and bears.

• Low Volume Gaps: Above $180, there is a visible drop in volume, suggesting price could move quickly if it breaks above resistance.

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4. Price Action & Structure

• Recent Rally: Strong impulsive move upwards, followed by a pullback and consolidation above the $160 level.

• Current Structure: SOL is forming a higher low, which is a bullish sign if it holds above $162–$168 support.

• Potential Scenarios:

  • Bullish: If price holds above $168 and breaks $175–$180, a move towards $190+ is likely.

  • Bearish: If price loses $162, expect a correction towards $148–$155 or even $140.

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5. Trading Plan & Strategy

• Long Setup (Bullish):

  • Entry: $168–$170 (on confirmation of support holding)

  • Stop Loss: Below $162

  • Take Profit 1: $175

  • Take Profit 2: $180

  • Take Profit 3: $190

• Short Setup (Bearish):

  • Entry: If price breaks below $162 and retests as resistance

  • Stop Loss: Above $168

  • Take Profit 1: $155

  • Take Profit 2: $148

• Personal Preference:
  At this moment, I would favor a cautious long position as long as $168 support holds, targeting $175 and $180, with a tight stop below $162 to manage risk.

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6. Additional Notes

• 4H Timeframe: This analysis is based on the 4-hour chart. For more precise entries and exits, lower timeframes (e.g., 1H, 15M) are available with a premium account-upgrade to unlock advanced features and maximize your trading edge!

• Risk Management: Always use stop losses and proper position sizing. This is not investment advice-do your own research and analysis before entering any trade.

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Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Every trade should be considered carefully and independently. Manage your risk and trade responsibly!