SOL Trade Plan: Daily Support, Liquidity Grab & Trade Idea.

7 Nis

Solana (SOL) is currently navigating a challenging market environment, with broader sell-offs across the crypto space weighing heavily on its price action. On the daily and 4-hour timeframes, SOL has traded into a significant support zone, marked by previous swing lows. This area has historically acted as a magnet for buyers, but the recent dip below these levels suggests a liquidity grab is underway. This move has likely triggered sell stops sitting below the lows, creating the potential for a reversal as smart money steps in. ⚡

Zooming into the 15-minute timeframe, SOL is consolidating within a tight range, reflecting a period of indecision. This range-bound behavior often precedes a breakout, and a bullish break above the range could signal the start of a recovery. A shift in market structure—marked by higher highs and higher lows—would provide further confirmation of bullish intent.

Key Insights:
Daily Timeframe: SOL has dipped below key support levels, sweeping liquidity.
4-Hour Timeframe: Price is overextended, trading into a critical demand zone.
15-Minute Timeframe: Consolidation within a range, awaiting a breakout for directional clarity.

Trading Plan:
Patience is Key: Wait for SOL to break out of the 15-minute range to the upside. 🚀
Market Structure Confirmation: Look for a clear shift to bullish market structure (higher highs and higher lows). 📊

Entry Strategy: Enter long positions after confirmation, with a stop-loss placed below the range low. 🛡️
Profit Targets: Focus on resistance levels on the 4-hour and daily timeframes for potential take-profit zones. 🎯

Levels to Watch:
Support Zone: Previous daily swing lows, now acting as a liquidity zone.
Resistance Zone: The upper boundary of the 15-minute range and key levels on the 4-hour chart.

This setup highlights the importance of waiting for confirmation before entering a trade. While the liquidity grab below support is a promising signal, a breakout and bullish structure are essential to avoid false moves. As always, this is not financial advice—traders should conduct their own analysis and manage risk appropriately. ⚠️

7 Nis

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