On the daily timeframe, SOLUSDT is showing a clear bullish structure, with strong impulsive candles pushing price higher into a premium zone around 86–88. The recent expansion suggests that price is actively seeking buy-side liquidity resting above prior highs.
However, similar to other majors, the current move appears to be approaching a completion phase, rather than initiating a fresh leg. The presence of a daily Fair Value Gap (FVG) just below (~84–85) provides a nearby inefficiency that price may rebalance after liquidity is taken.
Price is currently trading above equilibrium (0.5 level), placing it firmly in a sell-favorable zone from an ICT standpoint. This increases the probability of a short-term retracement or distribution phase once buy-side liquidity is swept.
Projected scenario:
Price continues slightly higher → takes liquidity above recent highs (~87–88)
Enters deeper premium → induces breakout traders
Forms a rejection / weak continuation
Shifts structure on lower timeframes (CHoCH)
Retraces into FVG below (~84–85)
Potential continuation toward deeper equilibrium (~82–83)
Key confluences:
Price in premium zone (above 0.5 equilibrium)
Clear liquidity resting above highs
Nearby FVG acting as magnet below
Strong bullish candle followed by smaller continuation → momentum slowing
Execution idea:
Avoid chasing longs at current highs. Instead, wait for:
Liquidity sweep above highs
Confirmation of bearish structure shift (on 4H/1H)
Entry on retracement into bearish imbalance or supply
Invalidation:
If SOL shows strong acceptance above 88 with continuation, then the bullish trend remains intact and higher targets may be in play.
This is not financial advice. Always use proper risk management.
However, similar to other majors, the current move appears to be approaching a completion phase, rather than initiating a fresh leg. The presence of a daily Fair Value Gap (FVG) just below (~84–85) provides a nearby inefficiency that price may rebalance after liquidity is taken.
Price is currently trading above equilibrium (0.5 level), placing it firmly in a sell-favorable zone from an ICT standpoint. This increases the probability of a short-term retracement or distribution phase once buy-side liquidity is swept.
Projected scenario:
Price continues slightly higher → takes liquidity above recent highs (~87–88)
Enters deeper premium → induces breakout traders
Forms a rejection / weak continuation
Shifts structure on lower timeframes (CHoCH)
Retraces into FVG below (~84–85)
Potential continuation toward deeper equilibrium (~82–83)
Key confluences:
Price in premium zone (above 0.5 equilibrium)
Clear liquidity resting above highs
Nearby FVG acting as magnet below
Strong bullish candle followed by smaller continuation → momentum slowing
Execution idea:
Avoid chasing longs at current highs. Instead, wait for:
Liquidity sweep above highs
Confirmation of bearish structure shift (on 4H/1H)
Entry on retracement into bearish imbalance or supply
Invalidation:
If SOL shows strong acceptance above 88 with continuation, then the bullish trend remains intact and higher targets may be in play.
This is not financial advice. Always use proper risk management.
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.