Solana has shown a clear change of character (CHOCH) followed by a break of structure (BOS) on the 4H timeframe, indicating a strong bullish reversal. After forming a series of bearish BOS during the downtrend, the recent structural shift suggests buyers have stepped in.
📌 Key Highlights:
Clear CHOCH confirming trend reversal
Recent BOS signals bullish continuation
Price reclaiming demand zone and flipping structure
Targeting major supply area near $240–$250
Ideal RR setup with stop below recent structure and target into inefficiency/liquidity zone
If price holds above the recent breakout zone, we could see a strong continuation toward previous highs. Watch for minor pullbacks to validate entry opportunities.
📌 Key Highlights:
Clear CHOCH confirming trend reversal
Recent BOS signals bullish continuation
Price reclaiming demand zone and flipping structure
Targeting major supply area near $240–$250
Ideal RR setup with stop below recent structure and target into inefficiency/liquidity zone
If price holds above the recent breakout zone, we could see a strong continuation toward previous highs. Watch for minor pullbacks to validate entry opportunities.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.