SOL/USDT 1H: Bulls Preparing for a Push to $270

SOL/USDT 1H Chart Analysis (SMC Principles)
🚀 Follow me on Tradingview if you respect our charts 📈

Market Structure:

• Consolidation phase after rejection from $270 resistance.
  
• Signs of accumulation at $245-$250 zone.
  

Key Observations:

• RSI: Hidden bullish divergence forming, signaling potential upside.
  
• Volume Profile: Indicates institutional accumulation.
  
• FVG: Identified between $260-$265.
  
• Liquidity Pool: Strong support below $240.
  
• Trade Setup (Confidence Level: 7.5/10):
  
• Entry Zone: $248-$250
  

Targets:

• T1: $260 (FVG fill)
  
• T2: $270 (previous resistance)
  
• Stop Loss: Below $240 (structural support)
  
• Risk Score: 6/10 (moderate).
  

Market Maker (MM) Analysis:

• Smart money accumulating while retail sentiment remains cautious.
  
• Possible liquidity sweep below $245 before upward move.
  
• Break above $255 needed to confirm bullish continuation.
  

Recommendation:

• Enter long positions in the $248-$250 zone with tight risk management.
  
• Monitor volume and price action for confirmation of continuation above $255.
  
• Confidence Level: 7.5/10 for a cautious bullish setup.
  

🚀 Follow me on Tradingview if you respect our charts 📈