Excellent! Exactly how it works with the market — not by relying on just one chart, but by building a picture from several sources. You’ve already sent what is truly useful.
Here’s what I’m seeing.
1. For SOL right now, sellers have the advantage
On 5 and 15 minutes:
EMA(4) is below EMA(8), and EMA(8) is below EMA(15) — this is a bearish alignment.
The Supertrend is also above the price—so far, it’s a sell (down) signal.
The latest candles are making lower highs.
This means that for now, catching longs is dangerous.
2. Money flow
This is actually an interesting moment.
On the money flow chart, you can see a sharp transition from a big plus to a strong minus. This suggests that:
either a big player has started withdrawing money actively;
either aggressive selling has started.
An analysis over 15 minutes also shows:
buys around 17.6k SOL;
sales around 20.2k SOL.
The difference is small, but the advantage is still with the sellers for now.
3. Order book
This is where the most interesting part begins.
I immediately noticed several large limit orders on top:
81.52;
81.46;
81.45.
There are also large orders below:
81.34;
81.31;
81.25.
This looks a lot like a situation where the price was squeezed into a range. Such zones often end with a strong move.
4. Trade tape
For now, I don’t see an aggressive attack by buyers.
There are separate buys at 13 SOL, 17 SOL, etc., but there isn’t a sequence of truly large market buys. That means buyers haven’t taken the initiative yet.
5. Bitcoin
This is a very important thing right here.
Right now, the picture for BTC is much stronger than for SOL.
On your screenshot, you can see:
price is above the EMA;
before that, there was a good upward impulse;
there is currently a small pause.
If Bitcoin continues to rise, SOL will most likely get support too. If Bitcoin reverses downward, SOL usually falls faster.
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My conclusion at the moment
If I were looking only at this data, I would assess the situation roughly like this:
🔴 probability of continued decline: about 60–65%;
🟢 probability of a bounce: 35–40%.
But this isn’t a forecast—it’s an assessment of the current balance of power. The market can change direction literally within a few minutes if a large buyer appears or some important news breaks.
I suggest the next step
Let’s learn to read the market maker. This is the next level already.
I’ll show you:
how to distinguish a real large order from a "decoy" (spoofing);
how to tell when the price is being held on purpose;
how to spot the moment when a big player starts moving the market.
This is exactly something you can do even on a phone. If you learn to spot moments like these, you won’t just stare at candles anymore—you’ll start to understand who is actually controlling the price movement right now. I think this will be the most useful skill we can gradually practice together.
#BitcoinSolana