Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
: 103.03 – Price is below → downtrend confirmed
· BOLL Mid: 102.27 – Price below → bearish bias
· Upper Band (UB): 107.04
· Lower Band (LB): 97.51 – Price approaching → potential support
· MACD: Negative at -6.18, DIFF below DEA → bearish momentum
· Direction: DOWN – Structure favors sell-side until price reclaims >103.03.
1H Chart – Identify Liquidity High and Low
· Liquidity High (Recent): 105.02 (24h High) – Likely liquidity above recent swing high.
· Liquidity Low (Current Focus): 96.47 (24h Low) – Price is testing this level. A break could trigger stops below.
· BOLL Compression:
· BOLL: 99.44
· UB: 103.24, LB: 95.63
· Observation: Price (97.94) is trading below mid-BOLL, suggesting liquidity below 96.47 is vulnerable.
15M Chart – Break of Structure / Change of Character
· Recent Structure: Lower highs forming near 101.84 (from 4H chart snapshot).
· Key Break Level: 98.20 (previous support, now resistance).
· BOLL Tightening:
· BOLL: 97.78, UB: 98.59, LB: 96.98
· SAR: 98.54 – Price below → continuation bearish.
· MACD: 0.02, hovering near zero → indecision, but DIF (-0.06) < DEA (-0.08) → slight bearish edge.
· Break of Structure Confirmed: Yes – Price broke below 98.20 and failed to reclaim. Change of character only above 99.52 (UB on 15M).
5M Chart – Trade Plan Execution
· Current Price: 97.93–97.96
· Immediate Resistance: 98.54 (SAR) & 98.59 (BOLL UB)
· Immediate Support: 96.98 (BOLL LB) & 96.47 (24h Low)
· Trade Plan:
1. Short Entry: On retest of 98.54–98.59 with rejection, SL above 99.00, TP1: 97.20, TP2: 96.50.
2. Breakdown Play: If price sustains below 96.98, add short with SL 97.50, target 96.47 and below.
3. Long Consideration: Only if price reclaims 98.59 and holds, with target 99.52 (scalp only).
· Volume: Low volume on 5M → be cautious of false breaks.
Summary:
· Higher Timeframe Direction: Bearish
· Liquidity Zones: Above 105.02, below 96.47
· Structure Break: Below 98.20 confirms bearish continuation
· Execution: Prefer short-side entries near 98.54–98.59 with tight risk. Watch for volatility around 96.47.$SOL