Long

SOL/USDT 1H: Accumulation in Progress – Rebound to $208 Possible

SOL/USDT 1H:Analysis
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Current Market Structure:

Price trading at $199.14 with a bearish structure, forming clear lower highs and lower lows.
Current consolidation within the $196-$204 range suggests potential accumulation.

Smart Money Concepts:

Institutional buying is evident within the accumulation zone ($196-$204).
Hidden bullish divergence on RSI (39.38) indicates a potential reversal setup as Smart Money positions for a move higher.

Key Levels:

Entry Zone: $199-$200
Targets:
T1: $204 (key resistance).
T2: $208 (next resistance level).
T3: $216 (extended target).

Stop Loss: Below $196 (recent support).

Risk Score:

7/10 – Moderate risk, with clear invalidation below $196 and potential upside supported by divergence and volume.

Market Maker Intent:

Smart Money appears to be accumulating within the $196-$204 range.
Volume profile supports a thesis of reversal, with potential for a breakout above $204.

Recommendation:

Long entry favorable within the $199-$200 range.
Monitor for a break above $204 to confirm bullish momentum.
Maintain tight stops below $196 to mitigate risk.

Confidence Level:

7.5/10 – Bullish setup supported by divergence and accumulation signals.

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Cryptokijker

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Cryptokijker