⚡️ Hello everyone! I decided to update my idea a little and take a closer look at the 4-hour timeframe on SOL.
After closing the gap from below, the price is now trying to consolidate at key levels of 141-150. If it fails, the nearest strong support is at 133.
📈 At the same time, the price has entered the buying range. This is a signal for position traders to accumulate positions.
⚙️ Metrics and indicators:
Money Flow - divergence with price. While the price fell from 300 to 140, liquidity remained virtually unchanged and is in a neutral zone.
Liquidity Depth - there is increasing liquidity at the top. On the daily timeframe, there is already an almost 5-6 times overweight in shorts. On the 4-hour timeframe, it is currently almost x2. And as we know, the price moves from one liquidity zone to another.
📌 Conclusion:
SOL continues to see liquidity inflows and huge demand. However, there is still one catalyst missing for a powerful price breakout: an ETF on SOL.
Institutional inflows into SOL are precisely the factor that could be the key piece of the puzzle for the next leg of the trend.
Have a great weekend, everyone!
After closing the gap from below, the price is now trying to consolidate at key levels of 141-150. If it fails, the nearest strong support is at 133.
📈 At the same time, the price has entered the buying range. This is a signal for position traders to accumulate positions.
⚙️ Metrics and indicators:
Money Flow - divergence with price. While the price fell from 300 to 140, liquidity remained virtually unchanged and is in a neutral zone.
Liquidity Depth - there is increasing liquidity at the top. On the daily timeframe, there is already an almost 5-6 times overweight in shorts. On the 4-hour timeframe, it is currently almost x2. And as we know, the price moves from one liquidity zone to another.
📌 Conclusion:
SOL continues to see liquidity inflows and huge demand. However, there is still one catalyst missing for a powerful price breakout: an ETF on SOL.
Institutional inflows into SOL are precisely the factor that could be the key piece of the puzzle for the next leg of the trend.
Have a great weekend, everyone!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.