⚡️ Hello everyone! I decided to update my thoughts on SOL. Everything is happening exactly as I wrote last time.
We went down and gathered some liquidity, and also closed the GAP. And now we are near strong resistance at 160-161.
Whether we can consolidate above this level is what will determine the direction of the next price movement.
⚙️ Let's take a look at the most likely direction going forward:
Money Flow - there was an outflow of liquidity at levels above 160, as profit-taking began after a strong rally from the April correction.
However, the inflow ratio is still neutral.
Liquidity Depth - a large accumulation of liquidity has gathered directly above us, at levels 187-200. And as we know, the price moves from one liquidity zone to another.
Overall, liquidity at the top is only increasing, with the difference now almost 5 times greater in favor of short positions.
DSRZ - strong resistance at levels 156-164. This must be overcome and turned into support in order to continue the momentum. As long as we are below it, this is a more bearish signal.
The next nearest liquidity zone is at 130 and below.
📌 Conclusion:
The next move now largely depends on the market as a whole. Historically, markets have frozen in the summer due to a lack of liquidity. However, this cycle has already shown many deviations, and another one would not be a surprise.
I am keeping my position open and continuing to monitor the situation. So far, the overall mood is bullish, and I continue to stick to my thesis that a move to at least 187 is likely, gathering liquidity from shorts in such an obvious place.
Have a great start to the work week, everyone! ☀️
We went down and gathered some liquidity, and also closed the GAP. And now we are near strong resistance at 160-161.
Whether we can consolidate above this level is what will determine the direction of the next price movement.
⚙️ Let's take a look at the most likely direction going forward:
Money Flow - there was an outflow of liquidity at levels above 160, as profit-taking began after a strong rally from the April correction.
However, the inflow ratio is still neutral.
Liquidity Depth - a large accumulation of liquidity has gathered directly above us, at levels 187-200. And as we know, the price moves from one liquidity zone to another.
Overall, liquidity at the top is only increasing, with the difference now almost 5 times greater in favor of short positions.
DSRZ - strong resistance at levels 156-164. This must be overcome and turned into support in order to continue the momentum. As long as we are below it, this is a more bearish signal.
The next nearest liquidity zone is at 130 and below.
📌 Conclusion:
The next move now largely depends on the market as a whole. Historically, markets have frozen in the summer due to a lack of liquidity. However, this cycle has already shown many deviations, and another one would not be a surprise.
I am keeping my position open and continuing to monitor the situation. So far, the overall mood is bullish, and I continue to stick to my thesis that a move to at least 187 is likely, gathering liquidity from shorts in such an obvious place.
Have a great start to the work week, everyone! ☀️
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.