Long

SOL/USDT 1H: Bullish Trend Holding – Can $137 Be Reached?

SOL/USDT 1H: Bullish Trend Holding – Can $137 Be Reached?
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Current Market Conditions (Confidence: 8/10):

Price at $134.34, confirming strong momentum and trend continuation.
RSI at 72, indicating overbought conditions, but trend remains strong.
Hidden bullish divergence observed on the recent pullback, signaling further upside.
Market Makers completed accumulation in the $126 - $128 zone, now shifting toward markup.

LONG Trade Setup:

Entry: $133.50 - $134.00 zone.
Targets:
T1: $136.00 (first resistance).
T2: $137.00 (next liquidity zone).
Stop Loss: $131.20 (below recent support).

Risk Score:

7/10 – Favorable setup, but overbought RSI suggests potential pullbacks.

Market Maker Activity:
A

ccumulation phase completed, transitioning into a distribution phase.
Clean break above $133.00 confirms institutional interest and trend continuation.
Higher low formation with increasing volume, supporting further bullish momentum.
Strong support established at $131.20, reinforcing the uptrend.

Recommendation:

Long positions remain favorable within the $133.50 - $134.00 entry range.
Scaling in on pullbacks to $133.50 is recommended to optimize entry.
Monitor price reaction at $136.00, as this level may see short-term resistance.

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Cryptokijker

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