$SOL $SOL SOL/USDT charts across multiple timeframes, here is the professional analysis and trade plan.
1. 4H Chart - Identify Direction & Higher Timeframe Structure
Trend: Bullish Consolidation. Price is holding well above the significant daily low of 113.01 and is consolidating near the 118.50 area after a strong move up.
· Key Level (Resistance): 119.12 (24h High). A sustained break above this level confirms bullish continuation. · Key Level (Support): 115.85 - 116.12 (Recent 1H swing low & 4H Bollinger Lower Band from earlier chart). · Market Structure: Higher highs and higher lows remain intact on the 4H. The immediate bias is bullish above 115.85.
Liquidity pools are areas where stop losses are likely clustered, often just beyond recent swing points.
· Liquidity Above (Buy-Stops): Just above the 119.12 high. A push to tag 119.20 - 119.50 would likely trigger buy orders and provide fuel for a move. · Liquidity Below (Sell-Stops): Just below the recent consolidation low and the 1H Bollinger Band support. · Primary Pool: Below 117.91 (LB from 3rd chart). A sweep down to 117.50-117.70 would collect liquidity. · Major Pool: A deeper sweep towards 116.04-116.12 (significant swing low on 1H) would collect a large pool of stops.
3. 15M Chart - Identify Break of Structure (BOS) & Change of Character (CHOCH)
· Current Structure: The market is in a tight range between ~118.10 (LB) and ~118.83 (UB) on the latest 15M Bollinger Bands. · Bullish BOS/CHOCH: A decisive 15M close above 118.83 (UB) with follow-through would indicate a BOS to the upside, targeting the 119.12 high. · Bearish CHOCH: A decisive 15M close below 118.10 (LB) and a failure to reclaim it would signal a loss of bullish momentum in the short term, targeting the 117.50 liquidity zone.
4. 5M Chart - Trade Plan Execution
Scenario A: Bullish Break & Retest (Primary Plan)
1. Trigger: Price takes 119.12 liquidity and shows a rejection wick or a pullback. 2. Entry: On a 5M bullish order block formation or a retest of 118.80-118.90 as new support (previous resistance). 3. Stop Loss: Below the entry candle's low or below 118.60. 4. Take Profit 1: 119.50 (Initial liquidity grab). 5. Take Profit 2: 120.00 - 120.50 (Extension towards previous 4H highs).
1. Trigger: Price sweeps the 117.50-117.70 liquidity zone with a clear 5M bullish reversal pattern (e.g., bullish engulfing, pin bar). 2. Entry: On the confirmation of the reversal, ideally on a retest of 117.80-118.00. 3. Stop Loss: Below the swing low (e.g., below 117.40). 4. Take Profit 1: 118.50 (Mean reversion). 5. Take Profit 2: 119.00-119.12 (Back to range high).
Risk Management: Position size for max 1-2% portfolio risk per trade. Favor Scenario A as it aligns with the higher timeframe bullish bias. Be prepared for volatility around the 119.12 level.#GateLiveMiningProgramPublicBeta
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$SOL $SOL SOL/USDT charts across multiple timeframes, here is the professional analysis and trade plan.
1. 4H Chart - Identify Direction & Higher Timeframe Structure
Trend: Bullish Consolidation. Price is holding well above the significant daily low of 113.01 and is consolidating near the 118.50 area after a strong move up.
· Key Level (Resistance): 119.12 (24h High). A sustained break above this level confirms bullish continuation.
· Key Level (Support): 115.85 - 116.12 (Recent 1H swing low & 4H Bollinger Lower Band from earlier chart).
· Market Structure: Higher highs and higher lows remain intact on the 4H. The immediate bias is bullish above 115.85.
2. 1H Chart - Identify Liquidity Pools (Highs & Lows)
Liquidity pools are areas where stop losses are likely clustered, often just beyond recent swing points.
· Liquidity Above (Buy-Stops): Just above the 119.12 high. A push to tag 119.20 - 119.50 would likely trigger buy orders and provide fuel for a move.
· Liquidity Below (Sell-Stops): Just below the recent consolidation low and the 1H Bollinger Band support.
· Primary Pool: Below 117.91 (LB from 3rd chart). A sweep down to 117.50-117.70 would collect liquidity.
· Major Pool: A deeper sweep towards 116.04-116.12 (significant swing low on 1H) would collect a large pool of stops.
3. 15M Chart - Identify Break of Structure (BOS) & Change of Character (CHOCH)
· Current Structure: The market is in a tight range between ~118.10 (LB) and ~118.83 (UB) on the latest 15M Bollinger Bands.
· Bullish BOS/CHOCH: A decisive 15M close above 118.83 (UB) with follow-through would indicate a BOS to the upside, targeting the 119.12 high.
· Bearish CHOCH: A decisive 15M close below 118.10 (LB) and a failure to reclaim it would signal a loss of bullish momentum in the short term, targeting the 117.50 liquidity zone.
4. 5M Chart - Trade Plan Execution
Scenario A: Bullish Break & Retest (Primary Plan)
1. Trigger: Price takes 119.12 liquidity and shows a rejection wick or a pullback.
2. Entry: On a 5M bullish order block formation or a retest of 118.80-118.90 as new support (previous resistance).
3. Stop Loss: Below the entry candle's low or below 118.60.
4. Take Profit 1: 119.50 (Initial liquidity grab).
5. Take Profit 2: 120.00 - 120.50 (Extension towards previous 4H highs).
Scenario B: Bearish Liquidity Sweep & Reversal (Counter-Trend)
1. Trigger: Price sweeps the 117.50-117.70 liquidity zone with a clear 5M bullish reversal pattern (e.g., bullish engulfing, pin bar).
2. Entry: On the confirmation of the reversal, ideally on a retest of 117.80-118.00.
3. Stop Loss: Below the swing low (e.g., below 117.40).
4. Take Profit 1: 118.50 (Mean reversion).
5. Take Profit 2: 119.00-119.12 (Back to range high).
Scenario C: Range Fade (Neutral)
· Sell Zone: 118.80 - 119.05 (Upper value area). Stop above 119.15.
· Buy Zone: 118.15 - 118.30 (Lower value area). Stop below 117.90.
Risk Management: Position size for max 1-2% portfolio risk per trade. Favor Scenario A as it aligns with the higher timeframe bullish bias. Be prepared for volatility around the 119.12 level.#GateLiveMiningProgramPublicBeta