Solana's (SOL) Price Action : Filling Gaps and Targeting Lower Zones

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Solana (SOL) has recently filled an Order Block (OB) on a smaller timeframe, indicating a shift in market dynamics. As SOL approaches the Break of Structure (BoS) zone, there is potential for a significant move downward. This could trigger a further decline into larger Fair Value Gaps (FVGs) and address the CME gap that has been noted by analysts.

Key Observations :

- Filled OB : The price has interacted with a smaller timeframe Order Block.

- BoS Zone : Moving below this zone may initiate a downward trend.

- Target Areas : The focus is on filling larger FVGs and the CME gap, which could lead to significant price action.

Market Strategy :

-Patience is Key : The strategy remains unchanged; traders are advised to wait for clearer signals before entering any positions.

Conclusion :

Solana is at a critical juncture where its price movements could lead to a more substantial downward trend. By filling the OB, it has set the stage for potential lower targets.

Advice :

- Monitor the BoS Zone : Keep a close watch on how SOL behaves around this key level.

-Prepare for Opportunities :

Be ready to act if SOL begins to fill larger FVGs or addresses the CME gap, but maintain a disciplined approach to risk management.

With strategic patience, traders can navigate this unfolding scenario effectively!