SOL/USDT 1H: Bears Pushing Lower – Can $200 Hold ?

SOL/USDT 1H Chart Analysis
📉 Follow me on TradingView if you respect our charts! 🚀Daily Charts!

Market Condition:

• Price: $201.93, showing strong bearish momentum.
  
• Market Structure: Lower highs & lower lows confirm bearish trend.
  
• RSI: 35.89, oversold but not extreme yet.
  

Key Levels:

• Major Resistance: $216 (Previous support turned resistance).
  
• Current Support: $200 (Psychological level).
  
• Next Major Support: $196 (Discount Zone).
  

Smart Money Analysis:

• Market Makers likely engineering liquidity below $200.
  
• Hidden Bearish Divergence on RSI, signaling continuation of downtrend.
  
• Risk Score: 8/10 (High-risk environment).
  

Recommendation:

• 📌 Wait for confirmation before entering longs. Look for:
  
• Price reclaiming $208.
  
• Bullish RSI divergence forming.
  
• Volume spike confirming reversal.
  

Potential Long Setup If Reversal Happens:

• Entry: Above $208 (only if confirmation is present).
  
• Targets:
  
• T1: $216.
  
• T2: $224.
  
• T3: $232.
  
• Stop Loss: Below $196.
  
• Confidence Level: 6/10 (Not high enough for full position recommendation in current conditions).
  

📉 Follow me on TradingView if you respect our charts! 🚀Daily Charts!