SOL is testing a confluence zone between rising trendline support and a key demand block around $161–$162. This zone has acted as a springboard for the last leg up and now overlaps with a full Stoch RSI reset on the 1H timeframe.
If price holds this structure, a continuation toward the previous supply zone at ~$166 is in play. Breakdown below $159.68 would invalidate the setup.
📉 SL: Below structural low
📈 TP: Prior high / liquidity zone
📊 Watching candle structure for entry confirmation
#SOLUSD #Solana #PriceAction #TrendlineSupport #CryptoSetup #QuantTradingPro #TradingView
If price holds this structure, a continuation toward the previous supply zone at ~$166 is in play. Breakdown below $159.68 would invalidate the setup.
📉 SL: Below structural low
📈 TP: Prior high / liquidity zone
📊 Watching candle structure for entry confirmation
#SOLUSD #Solana #PriceAction #TrendlineSupport #CryptoSetup #QuantTradingPro #TradingView
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.