SOL/USDT 1H: Bullish Trend Holding – Can $137 Be Reached?

SOL/USDT 1H: Bullish Trend Holding – Can $137 Be Reached?
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Current Market Conditions (Confidence: 8/10):

• Price at $134.34, confirming strong momentum and trend continuation.
  
• RSI at 72, indicating overbought conditions, but trend remains strong.
  
• Hidden bullish divergence observed on the recent pullback, signaling further upside.
  
• Market Makers completed accumulation in the $126 - $128 zone, now shifting toward markup.
  

LONG Trade Setup:

• Entry: $133.50 - $134.00 zone.
  
• Targets:
  
• T1: $136.00 (first resistance).
  
• T2: $137.00 (next liquidity zone).
  
• Stop Loss: $131.20 (below recent support).
  

Risk Score:

• 7/10 – Favorable setup, but overbought RSI suggests potential pullbacks.
  

Market Maker Activity:
A

• ccumulation phase completed, transitioning into a distribution phase.
  
• Clean break above $133.00 confirms institutional interest and trend continuation.
  
• Higher low formation with increasing volume, supporting further bullish momentum.
  
• Strong support established at $131.20, reinforcing the uptrend.
  

Recommendation:

• Long positions remain favorable within the $133.50 - $134.00 entry range.
  
• Scaling in on pullbacks to $133.50 is recommended to optimize entry.
  
• Monitor price reaction at $136.00, as this level may see short-term resistance.
  

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