Unlocking Solanas Potential Spotting Key Market Opportunities for Profits #trading

29 Aug 2023 · 1 min

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In this segment, the presenter outlines a short‑term trading outlook for Solana (SOL). He expects the token to either trade sideways near its current price or move upward toward identified buy‑side liquidity zones. Three specific price levels—$26.26, $27.00, and $27.50—are highlighted as potential liquidity‑sweep points, each marked as an alert (1‑3). The analysis then explains how to recognize a “change of character” (CoC) pattern: a swing low is broken to form a lower low, followed by a retracement above the swing low that creates a lower high. This lower high is presented as the optimal entry point before considering short positions. The overall message is to monitor these price zones and the CoC formation for trade entries.

Chapters

So right now I do expect Solana to either range around this area or just come up to, you know, buy side liquidity. For example, right here at $26.26, you sweep the buy side, or even just sweep somewhere around $27 or even $27.50. These 3 levels, as you can see, like I have marked out like 3 alerts, 1, 2, and 3. Basically around these areas is where you want to look for that buy side liquidity sweep, and then you want to look for the markets to form a change of character. Lower before you look for a short. So how does a change of character look like? Basically, you get a swing low that forms, but then price breaks below the swing low, forming a lower low, and then price comes back above. That is your lower high. That is your opportunity to enter the market.