Price is currently consolidating within a range following a strong impulsive move to the downside. Multiple fair value gaps remain both above and below current price, suggesting unfinished business on both sides.
Context
Overall market structure remains bearish
Price is consolidating near a key local support
Downside liquidity has already been swept
Bullish Scenario If price holds this support and successfully reclaims the local fair value gap, a move toward the higher-timeframe imbalance becomes increasingly likely.
Bearish Scenario Failure to defend this area could trigger continuation to the downside, with price moving into the lower fair value gap to complete the bearish leg.
Do we see a range expansion to the upside first, or further downside continuation?
SOLUSDT
Perp
121.7
-1.55%