SOL/USDT 1H: Bearish Setup with Potential Reversal – Long Entry

SOL/USDT 1H: Bearish Setup with Potential Reversal – Long Entry on Support?
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Current Market Structure:

• Price is at $167.29 in a bearish trend characterized by lower highs and lower lows with a clear distribution pattern.
  

Market Maker Activity:

• Major resistance observed at $172.50 and support at $165.00.
  
• Market makers appear to be accumulating at support, hinting at a potential reversal.
  

Technical Indicators:

• Hidden bearish divergence on RSI at 43.98 versus price action supports the current distribution.
  
• Volume profile suggests accumulation near support levels.
  

Trade Setup (Confidence 8/10):

• Entry: Target the $167.50 - $168.00 range (wait for confirmation of a bounce at $165 support before entering).
  
• Targets:
  
• T1: $172.50
  
• T2: $175.00
  
• Stop Loss: Set at $164.50 (below recent support).
  

Risk Score:

• 7/10 – Favorable risk-to-reward ratio, though position sizing should remain modest given current
  

Recommendation:

• Long positions are recommended on a confirmed bounce at support. Monitor volume closely for signs of sustained buying pressure, and maintain tight stops.
  

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