SOL/USDT – 4H Chart Summary
Market Structure:
HTF: Bullish trend remains intact.
LTF: Previously bearish, now showing early signs of a bullish reversal.
Pattern Formation:
Potential Inverse Head & Shoulders forming.
Neckline at $157 — must hold for pattern to complete.
Break above previous high will invalidate Inverse Head & Shoulders.
Trendline & Breakout:
Price has broken above the descending bearish trendline.
Indicates a momentum shift from bearish to bullish.
Fair Value Gaps (FVG):
1D FVG below current price – potential retest & long entry zone.
2x 1D FVG above price – act as targets or supply areas.
Psychological Levels & Volume:
Key levels at $165, $170, $175.
Volume profile shows high liquidity at each of these levels – strong TP zones.
OBV Indicator:
OBV has broken above resistance – supports bullish continuation.
Trade Scenarios:
Bullish Setup:
Long on retest of lower FVG zone ($142–$145).
Target TPs: $165 → $170 → $175 (align with psychological & high-volume areas).
Invalidation:
Break below FVG support or failure to hold above $142.
Market Structure:
HTF: Bullish trend remains intact.
LTF: Previously bearish, now showing early signs of a bullish reversal.
Pattern Formation:
Potential Inverse Head & Shoulders forming.
Neckline at $157 — must hold for pattern to complete.
Break above previous high will invalidate Inverse Head & Shoulders.
Trendline & Breakout:
Price has broken above the descending bearish trendline.
Indicates a momentum shift from bearish to bullish.
Fair Value Gaps (FVG):
1D FVG below current price – potential retest & long entry zone.
2x 1D FVG above price – act as targets or supply areas.
Psychological Levels & Volume:
Key levels at $165, $170, $175.
Volume profile shows high liquidity at each of these levels – strong TP zones.
OBV Indicator:
OBV has broken above resistance – supports bullish continuation.
Trade Scenarios:
Bullish Setup:
Long on retest of lower FVG zone ($142–$145).
Target TPs: $165 → $170 → $175 (align with psychological & high-volume areas).
Invalidation:
Break below FVG support or failure to hold above $142.
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.
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.