SOLUSD – Demand Zone Reversal in Progress

7 Ogo

Solana is showing strong bullish signs after rejecting the demand zone around $160.06, forming a short-term higher low and beginning to climb. The current structure suggests momentum is shifting back to the upside, targeting key resistance levels.

🔹 Key Zones & Levels:
🟠 Demand Zone (Support): $157.00 – $160.06

🔵 Mid Resistance: $179.86 – Prior support turned resistance

🔵 Major Supply Zone: $198.11 – $198.18 (Previous peak area with strong sell pressure)

🟢 Bullish Outlook:
If SOLUSD maintains this upward momentum:

Target 1: $179.86

Target 2: $198.18

Green arrows on the chart highlight the expected bullish path as long as price holds above the demand zone.

📌 Trade Setup (Example):
Long Setup:

Entry: $165 – $169 (current zone)

SL: Below $159

TP1: $179.86

TP2: $198.18

⚠️ Risk Note:
A 4H close below $157 would invalidate this bullish bias.

Wait for strong bullish confirmation like a break and retest above $170 before going heavy.

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9 Ogo

Dagangan aktif

Has hit TP 1 now remaining TP2 . Use money management