$SOL /USDT: H1 Chart Structure Update 📊

Today the market has followed technical levels in an excellent manner. It is important to understand the logic behind the current move on the chart:

1. Liquidity Sweep and Momentum 🏹

In the early part of the day, the price tested the Asia Low ($76.86) and yesterday's low from below. When the price moved above the Daily Open ($78.37) and Asia High ($79.87), the momentum clearly came into the hands of the "Bulls."

2. Red Zone Testing (Resistance) 🎯

The current H1 candle has made a high of $84.30. This is the same area where the major supply zone from the previous days is located.

Observation: The price is now at a critical resistance. Here, the logic of "Profit Booking" seems stronger than "Buying."

3. Weekly Closing Factor ⚠️

The monthly and weekly timeframes are still Red. Therefore, the current Green move should be seen as a "Weekly Wick" (Retracement) rather than a trend change until the price sustains above this resistance.

Technically Safe Approach:

For those who entered from the lower zones ($78-$79), this area of $83 - $84 is excellent for locking in profits.

Risk Management: If the price is rejected from here, the next support could be near the Daily Open ($78.37).

The Chart Reader's Logic:

"When the market is at its major Resistance Zone ($84+), safeguarding your capital should always be the top priority. Entry is always at 'Cheap' (Support) and exit is always at 'Expensive' (Resistance)." 💡

Community Viewpoint:

Is the area of $84.30 also showing a strong resistance on your chart? Please express your technical opinion so everyone can learn together. 🤝

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