SOLUSD – 1H – Binance
Current Price: ~$124.44
Market Structure
• Strong bearish impulse after breaking $130–132 higher low (CHoCH confirmed)
• Correction rejected exactly at broken structure + 50 EMA confluence
• Second, sharper impulse leg already in motion
• 5 > 10 > 50 EMA perfectly stacked & fanning bearish → dynamic resistance
• Volume spikes on downside, almost none on rebounds = sellers in full control
We remain firmly bearish on the 1H timeframe.
Price is currently retracing (classic liquidity grab), but I expect rejection in the $130–132 zone and continuation lower to at least $121.
Key Levels
Resistance (sell zone): $130.00 – $132.00
Primary Target: $121.00 – $122.00
Extension Target: $115–118 if momentum stays strong
Invalidation: 1H close above $138.00
Bias
Strongly Bearish – this pullback is fuel for the next leg down
Risk
If we reclaim and hold >$132 with strong volume, bearish setup is invalidated and we flip neutral-to-bullish fast.
Current Price: ~$124.44
Market Structure
• Strong bearish impulse after breaking $130–132 higher low (CHoCH confirmed)
• Correction rejected exactly at broken structure + 50 EMA confluence
• Second, sharper impulse leg already in motion
• 5 > 10 > 50 EMA perfectly stacked & fanning bearish → dynamic resistance
• Volume spikes on downside, almost none on rebounds = sellers in full control
We remain firmly bearish on the 1H timeframe.
Price is currently retracing (classic liquidity grab), but I expect rejection in the $130–132 zone and continuation lower to at least $121.
Key Levels
Resistance (sell zone): $130.00 – $132.00
Primary Target: $121.00 – $122.00
Extension Target: $115–118 if momentum stays strong
Invalidation: 1H close above $138.00
Bias
Strongly Bearish – this pullback is fuel for the next leg down
Risk
If we reclaim and hold >$132 with strong volume, bearish setup is invalidated and we flip neutral-to-bullish fast.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.