SOL/USDT 4H chart



Chart Analysis Summary

Current Price: ~$173.16

Trend: Recent Change of Character (CHoCH) to the upside, suggesting a bullish move might be forming.

Indicators:

Price is approaching a major supply zone between $180–$190.

Descending trendline still intact – being tested now.

20 SMA (blue) is now acting as dynamic support.

CHoCH suggests break in bearish structure.

Trade Setup: Long (Buy) Option

Entry Options:

1. Conservative Entry: On a confirmed break and close above $175, then entry on retest.

2. Aggressive Entry (current): Anywhere between $172–$174, as it approaches trendline resistance and previous CHoCH level.

Stop Loss (SL):

Below demand zone and recent swing low:

SL: $160

More aggressive SL: $165

Take Profit (TP):

TP1: $180 (minor supply zone and trendline test)

TP2: $190 (major supply zone)

TP3 (extension): $200–$210 (near weak high zone)
SOL-1.23%
MOVE0.89%
MAJOR-0.67%
BLUE-1.34%
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