We are closely monitoring SOL/USDT on the 1-hour chart. Although the pair has been in a bearish trend, recent developments suggest a potential trend reversal.
A clear bullish divergence has formed, signaling underlying momentum shift. More importantly, a falling wedge—a classic bullish reversal pattern—has emerged. With this confluence of signals, we're now confident in a bullish breakout scenario.
🔹 Pair: SOL/USDT
🔹 Timeframe: 1H
🔹 Trend: Bearish (Bullish Reversal expected)
🔹 Pattern: Falling Wedge
🔹 Divergence: Bullish
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 148.24
🔹 Stop Loss: 142.77
🔹 Take Profit 1: 153.71
🔹 Take Profit 2: 159.18
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
🎯 Strategy: Waiting for price to break last LH and trigger our buy stop level. Trade is structured with a calculated risk-to-reward profile.
📌 #SOLUSDT #CryptoTrading #FallingWedge #BullishReversal #Divergence #TechnicalAnalysis #PriceAction #AltcoinSetup #CryptoSignals #1HChart #BreakoutTrade #SmartMoney #RiskManagement #BullishSetup #SolanaAnalysis
A clear bullish divergence has formed, signaling underlying momentum shift. More importantly, a falling wedge—a classic bullish reversal pattern—has emerged. With this confluence of signals, we're now confident in a bullish breakout scenario.
🔹 Pair: SOL/USDT
🔹 Timeframe: 1H
🔹 Trend: Bearish (Bullish Reversal expected)
🔹 Pattern: Falling Wedge
🔹 Divergence: Bullish
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 148.24
🔹 Stop Loss: 142.77
🔹 Take Profit 1: 153.71
🔹 Take Profit 2: 159.18
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
🎯 Strategy: Waiting for price to break last LH and trigger our buy stop level. Trade is structured with a calculated risk-to-reward profile.
📌 #SOLUSDT #CryptoTrading #FallingWedge #BullishReversal #Divergence #TechnicalAnalysis #PriceAction #AltcoinSetup #CryptoSignals #1HChart #BreakoutTrade #SmartMoney #RiskManagement #BullishSetup #SolanaAnalysis
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.