SOLUSDT.P great liquidity sweep under 158 equal lows. If it gives a better entry at about 157.8, i will open long. maybe TP at 165-166 but that should be decided depending on the momentum
Solana’s latest impulsive move failed to close significantly higher than the previous one. In fact, they closed at nearly the same level, which raises the risk of a potential double top pattern.
Looking at the current 4-hour chart, Solana seems to be nearing the end of this move. If the $157 support level breaks, it would likely indicate a transition from a bullish to a bearish structure on the 4H timeframe. The first target in such a breakdown would be around $154. If the $154 support fails to hold, the second target would be near $149.
Volume currently appears quite low, and the presence of long upper wicks adds further risk. Given the current conditions, Solana looks quite risky, and I do not recommend any trading positions—either buy or sell—at this time.
SOLUSDT.P took a short at 167. TP at 158. A lot of shorts has been liquidated, thats why i bet on a correction. If this goes well, I will look for a long around 160
SOLUSDT 💊all six CEXs participating in the PUMP public sale have likely received their allocations. Current holdings are: Kraken – 7.5 billion, Bitget – 7.5 billion, Gate – 6.4 billion (possibly including 2.5 billion from Launchpad), Bybit – 5 billion, MEXC – 5 billion, and KuCoin – 4.1 billion.