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We're inside the 4 hour supply zone for $SOL
Let's see if it can eat through it!
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Good news for the bulls! π
The 15 Min Lower High was broken and it has now become a bullish 15 Min CHoCH. We now need to see if the price can break above this last high after the pullback to create a bullish Market Structure Shift! Longs are good from the demand areas under 50% Fib retracement if we get a bullish confirmation in there like an engulfing bar, pinbar or hammer. Ideally the 1 min should change character to bearish first to confirm the pullback and then back to bullish and enter ASAP for better confirmation.
- $SOL is still within the 15 Min downtrend but 5 Min uptrend right now. The price made a high trying to attack the 15 Min Lower High and failed, then pulled back, wicked below the 5 Min Higher Low, filled some orders at the 15 Min Demand Order Block, then continued high again, but seems to be showing weakness.
If and only if the price breaks and closes below $161.45 , we can confirm the bearish continuation where ~$155.80 (15 Minute Lower Low) will get targeted! A bearish 4 Hour, 15 Min, and a 5 Min, everything will align! Till then, there's still a chance the price will target $165.19 (15 Min Lower High)!










