📊 SOL/USDT Technical Analysis: Smart Money Concepts (4H Chart) 🚀
Solana (SOL) is currently showcasing a very technical price action on the 4-hour timeframe, heavily respecting SMC (Smart Money Concepts) and ICT principles.
🔍 Key Observations:
Liquidity Sweep: The "Liquidity Pool" at the top ($142 - $147 range) has been successfully swept. Once liquidity is grabbed, we often see a strong reversal, which is currently unfolding.
IFVG (Inversion Fair Value Gap): Price has broken below the IFVG (marked between $132.50 and $137.50). This zone is now acting as a heavy resistance area.
BOS (Break of Structure): We are seeing continuous bearish BOS, indicating that the market sentiment has shifted from bullish to bearish in the medium term.
Targeting Sellside Liquidity: The price is attracted to the previous lows (Sellside Liquidity) near the $117.50 level.
🎯 Trade Setup (Bearish Bias)
Based on the current structure and the rejection from the IFVG, here is a potential setup:
Entry Zone: $124.00 - $128.00 (Look for rejections on lower timeframes)
Stop Loss (SL): $133.50 (Above the IFVG Low for safety)
Take Profit (TP) Targets:
TP 1: $120.00 (Psychological support)
TP 2: $117.50 (Sellside Liquidity / Previous Swing Low)
TP 3: $115.00 (Final target/Demand zone) $SOL
⚠️ Disclaimer: This is for educational purposes only. Trading involves significant risk. Always use proper risk management and never risk more than 1-2% of your capital on a single trade.