⚡️ Hello everyone! I decided to update my idea a little and take a closer look at the 4-hour timeframe on SOL.
After closing the gap from below, the price is now trying to consolidate at key levels of 141-150. If it fails, the nearest strong support is at 133.
📈 At the same time, the price has entered the buying range. This is a signal for position traders to accumulate positions.
⚙️ Metrics and indicators:
Money Flow - divergence with price. While the price fell from 300 to 140, liquidity remained virtually unchanged and is in a neutral zone.
Liquidity Depth - there is increasing liquidity at the top. On the daily timeframe, there is already an almost 5-6 times overweight in shorts. On the 4-hour timeframe, it is currently almost x2. And as we know, the price moves from one liquidity zone to another.
📌 Conclusion:
SOL continues to see liquidity inflows and huge demand. However, there is still one catalyst missing for a powerful price breakout: an ETF on SOL.
Institutional inflows into SOL are precisely the factor that could be the key piece of the puzzle for the next leg of the trend.
Have a great weekend, everyone!
After closing the gap from below, the price is now trying to consolidate at key levels of 141-150. If it fails, the nearest strong support is at 133.
📈 At the same time, the price has entered the buying range. This is a signal for position traders to accumulate positions.
⚙️ Metrics and indicators:
Money Flow - divergence with price. While the price fell from 300 to 140, liquidity remained virtually unchanged and is in a neutral zone.
Liquidity Depth - there is increasing liquidity at the top. On the daily timeframe, there is already an almost 5-6 times overweight in shorts. On the 4-hour timeframe, it is currently almost x2. And as we know, the price moves from one liquidity zone to another.
📌 Conclusion:
SOL continues to see liquidity inflows and huge demand. However, there is still one catalyst missing for a powerful price breakout: an ETF on SOL.
Institutional inflows into SOL are precisely the factor that could be the key piece of the puzzle for the next leg of the trend.
Have a great weekend, everyone!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.