SOL/USDT 4H Chart Analysis📊 SOL/USDT 4H Chart Analysis
🟢 Key Zones:
🔴 Resistance Level Zone:
Marked at approximately 185–188 USDT
Multiple rejections in this area (red arrows 📉), confirming it as a significant supply zone.
🟩 Support Level Zone:
Found around 140–147 USDT
Price has previously bounced off this zone (green arrows 📈), indicating strong demand.
⚖️ Mini Levels:
🟡 Mini Support/Resistance:
Around 157 USDT, previously acted as both support and resistance (yellow box).
Price reacts to this zone during its downtrend and uptrend, highlighting its significance.
🔮 Current Price Action:
The price is currently at 153.36 USDT.
The recent low was just above 140 USDT, confirming a higher low formation.
A small pullback is visible after testing the support zone.
📝 Trade Outlook & Scenarios:
🔵 Bullish Scenario (Main Bias):
If the price maintains above the support zone (140–147 USDT) and breaks the mini resistance (~157 USDT):
Possible continuation towards the resistance zone (185–188 USDT).
Target 🎯 at 187.99 USDT (highlighted in the yellow zone).
🔴 Bearish Scenario:
If the price breaks below the 140 USDT support:
Downward continuation to 132 USDT or lower, as shown in the chart (red zone).
🔧 Risk Management:
🛑 Stop Loss:
Conservative traders: below 140 USDT (red zone 🚨).
Aggressive traders: below the last swing low (~144 USDT).
💡 Professional Takeaway:
✅ Support and resistance zones are well-defined.
✅ Current bounce from support zone suggests a possible reversal.
✅ A break and close above the mini-resistance at 157 USDT would confirm strength.
✅ Risk management and patience are key for this potential upside move.
