SOL/USDT 1H: Bullish Structure Holding – $240 Next?!

SOL/USDT 1H Chart Analysis
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Current Market Structure:
• Price at $217.22, showing bullish momentum after breaking key resistance at $216.
• Hidden Bullish Divergence confirmed on RSI, signaling potential continuation.
• Volume increasing, indicating Smart Money accumulation.

Smart Money Concepts:
• Market Makers engineered a liquidity grab below $208, shaking out weak hands.
• Accumulation phase complete, transitioning into markup phase targeting premium zones.
• Premium zone resistance remains at $232-$240.

Key Levels:

• Entry Zone: $216-$218
  
• Targets:
  
• T1: $232 (previous supply zone)
  
• T2: $240 (psychological resistance)
  
• Stop Loss: Below $204 (recent swing low).
  

Risk Score:

• 7/10 - Favorable risk-reward ratio with clear invalidation levels.
  

Market Maker Intent:

• Accumulation at discount zones appears complete. Expect price continuation toward $232-$240 liquidity pools. Watch for strong reactions at premium zones.
  

Recommendation:

• Long positions favorable within the $216-$218 range. Monitor buy volume confirmation on breakout above $232. Keep tight stops to protect against unexpected volatility.
  

Confidence Level:

• 8/10 for bullish continuation toward premium zone.
  

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