SOL - 1-hour Chart -
SOLUSDT
SOLUSDT
SOLUSDT.P
SOLUSDT
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SOLUSDT
SOLUSDT
SOLUSDT.P
SOLUSDT
- I had hoped to see a breakout of the global BSL range, but instead, SOLUSDT moved lower without breaking out, leaving it intact.
- Currently, I observe a rather impulsive downward movement locally.
- I anticipate seeing price imbalance filling and further decline to the levels around 18.05 and below.
- I have marked the levels from which a price correction might be possible.
What goes against my idea:
- Liquidity compression at 21.50-22
- Liquidity level at 22.20
- Conclusion: In case of a breach of the 21.10 level, the idea is canceled, and it is worth considering a long scenario towards the previously described long targets.
P.S. If you find this idea interesting, hit the "Rocket" ๐ (๐). It would be greatly appreciated and motivates me to continue sharing my market insights.
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