SOL/USDT Outlook ICT Concepts
Solana (SOL/USDT) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on SOL/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected a market structure shift after the sweep of the previous month's low, which occurred. The Intermediate Fair Value Gap (IFVG) held the price, leading to an expansion higher into the previous month's high.
📍 Current Market Overview:
The current price is around 184.18. We recently swept the previous week's high and are close to the buy-side liquidity (BSL) above the chart.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• Minor SSL: Minor Sell-Side Liquidity
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
• Current Price Position: The price is trading around 184.18, close to sweeping the buy-side liquidity (BSL).
• Key Levels Swept: The price has taken out the previous week's high and is near the BSL.
• Potential Retracement: Anticipate the price to start moving lower from here, or wait for the BSL to be taken before looking for short positions.
Long Position Scenarios:
• For a long position, wait for the SSLs below the chart to be taken, then look for long opportunities.
A riskier long scenario involves a sweep of the Minor SSL, followed by entry on lower time frames targeting the BSL above the chart.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Sweep of Minor SSL: After sweeping the Minor SSL, look for entry on lower time frames targeting the BSL above the chart.
• Protected Lows: The SSLs below the chart act as protected levels, supporting a bullish continuation after being taken.
📉 Bearish Scenario:
A bearish scenario is likely if the following conditions are met:
• Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement.
• Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially sweep the Minor SSL, retrace lower, and then look for long entries targeting the BSL above the chart. Alternatively, wait for the SSLs to be taken before looking for long opportunities.
• Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated.
🙏 Thank you for joining us!
Exploring SOL/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on SOL/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected a market structure shift after the sweep of the previous month's low, which occurred. The Intermediate Fair Value Gap (IFVG) held the price, leading to an expansion higher into the previous month's high.
📍 Current Market Overview:
The current price is around 184.18. We recently swept the previous week's high and are close to the buy-side liquidity (BSL) above the chart.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• Minor SSL: Minor Sell-Side Liquidity
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
• Current Price Position: The price is trading around 184.18, close to sweeping the buy-side liquidity (BSL).
• Key Levels Swept: The price has taken out the previous week's high and is near the BSL.
• Potential Retracement: Anticipate the price to start moving lower from here, or wait for the BSL to be taken before looking for short positions.
Long Position Scenarios:
• For a long position, wait for the SSLs below the chart to be taken, then look for long opportunities.
A riskier long scenario involves a sweep of the Minor SSL, followed by entry on lower time frames targeting the BSL above the chart.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Sweep of Minor SSL: After sweeping the Minor SSL, look for entry on lower time frames targeting the BSL above the chart.
• Protected Lows: The SSLs below the chart act as protected levels, supporting a bullish continuation after being taken.
📉 Bearish Scenario:
A bearish scenario is likely if the following conditions are met:
• Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement.
• Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially sweep the Minor SSL, retrace lower, and then look for long entries targeting the BSL above the chart. Alternatively, wait for the SSLs to be taken before looking for long opportunities.
• Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated.
🙏 Thank you for joining us!
Exploring SOL/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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.