#solana SOL/USDT — Intraday Plan
No, D1 → 4H → 1H → 15M → 5M, the chart structure is quite readable: after liquidity was removed under 116.25, bullish displacement occurred, and price is currently being delivered to the nearest BSL 119.99–120.70. At the time of analysis, the price is around 119.4; external market data also shows SOL in the $119–120 area and a recent range of approximately $116.5–120.3.
1. HTF Narrative
D1:
an impulse from 95.72 → 124.99;
then a correction;
the 116.25 low became the key liquidity point;
a strong bullish displacement appeared from 116.25;
the current task for price is to test the upper liquidity around 120–125.
So right now I’m viewing the move as:
SSL 116.25 → displacement → 118.8 → BSL 119.99/120.7 → then 122+ → 124.99.
At the same time, the 124.99 area remains the main HTF BSL.
2. 4H Structure
On the 4H chart, you can see:
124.99 → drop → 116.25 → reversal upward.
Key reaction zone:
🟢 Demand / RB
116.25–117.40
Here they align:
SSL;
the previous reaction;
the foundation of the bullish displacement;
potential HTF RB.
As long as price holds this area, the recovery structure remains intact.
🔴 Supply / BSL
119.99–120.70
This is the first serious zone price reached after the recovery.
Next:
122.0–122.9
and the main HTF pool:
124.99.
3. 1H → 15M → 5M
Here the structure is even more interesting.
After 116.25:
sweep SSL → bullish displacement → consolidation → expansion → 119.99.
On the lower timeframes, a local correction is currently forming after the approach to 119.99.
Liquidity
BSL:
119.99
120.08–120.36
120.70
122.0–122.9
124.99
SSL:
118.87
117.39
116.25
The main near-term task for price is to determine whether 119.99/120.7 will be swept, or whether a raid downward for local SSL happens first.
4. Inducement
I would interpret the current local structure like this:
119.99 — external BSL
↓
118.87 — internal SSL / potential inducement
↓
117.39 — deeper liquidity
↓
116.25 — key SSL.
That’s why buying directly at 119.4 after the displacement has already happened is not optimal from a structural perspective.
We need either:
sweep SSL → MSS → FVG → entry
or:
break BSL → retest → continuation.
5. Main LONG scenario
🟢 Buy Zone
118.40–118.90
But not a blind limit order entry.
Waiting for:
SSL sweep → 5M bullish MSS → displacement → FVG/IFVG → entry.
Entry
Guide:
118.5–118.9
with confirmation on 5M.
SL
Under the formed sweep:
117.7–117.3
The exact SL depends on where the 5M MSS forms.
TP:
TP1 — 119.99
TP2 — 120.70
TP3 — 122.0–122.9
TP4 — 124.99
Logic:
SSL → FVG → BSL → next BSL.
6. Aggressive LONG
If SOL consolidates above 120.0–120.3, then it makes a top-side retest and forms a bullish MSS on 5M:
Entry: 119.8–120.2
Targets:
120.7 → 122.0 → 122.9 → 124.99
Here it’s important not to buy the first impulsive breakout without a retest.
7. SHORT scenario
A short appears not just because the price is near 120.
We need:
BSL sweep 119.99–120.70 → bearish displacement → 5M MSS → FVG retest.
Then:
🔴 Sell Zone
120.0–120.6
if confirmation is present.
SL
Above the sweep:
120.9–121.2
TP:
119.0 → 118.0 → 117.39 → 116.25
If 116.25 is broken after bearish displacement, then a deeper delivery downward opens up.
8. Main delivery scenario
Right now, the most important sequence on the chart is:
116.25 SSL
↓
bullish displacement
↓
118.87 internal liquidity
↓
119.99 BSL
↓
120.70
↓
122.0–122.9
↓
124.99 HTF BSL
But there is an alternative path:
119.99/120.70 BSL sweep
↓
bearish MSS
↓
118.87
↓
117.39
↓
116.25 SSL
That is, 119.99–120.70 is the key decision zone of the current intraday move.
🎯 SOL/USDT — Intraday Plan
Narrative: SSL 116.25 was swept → bullish displacement → price is delivered to the BSL 119.99–120.70.
Bias: bullish while 117.39–116.25 holds.
Primary LONG:
118.40–118.90 after SSL sweep + 5M MSS + FVG retest.
TP:
119.99 → 120.70 → 122.0–122.9 → 124.99.
SHORT: only after a BSL sweep 119.99–120.70 + bearish MSS.
Invalidation: sustained acceptance below 116.25.
Key: don’t chase the 119.4. We wait for either a liquidity sweep + confirmation, or a breakout/retest of 120.0.
The broader market is also confirming the recent SOL rise above $120 and the subsequent pullback, so the $120 zone is indeed an important short-term price interaction area.$SOL
