Technical analysis by SiDec about Symbol SOL: Buy recommendation (5/20/2025)

After printing a SFP at the key high of $180.52 followed by a sharp -8% rejection, SOL made a second attempt to breach the major resistance zone between $180–$185 — but once again, bulls fell short. Since then, price has been in a corrective phase. So the big question is: where’s the next high-probability trade setup? Let’s zoom out and break it down.📏 Zooming Out: Structure, FVG & Fib ConfluenceBack on May 8th, SOL broke through the April 25th swing high at $157 with strong momentum, leaving behind an untested Fair Value Gap (FVG) — a key displacement area that’s yet to be filled. When we draw the Fibonacci retracement from the low of that move to the current high, the 0.618 retracement lands precisely at $157.34 — right on the old breakout high. That’s a beautiful confluence.Timing-wise, if SOL pulls back to that level between May 21–22, the 0.75 Fib speed fan also kicks in — adding dynamic trendline support to the static Fib level.📉 What About the $164 Golden Pocket?There's a golden pocket forming around $164 from a recent mini-impulse, and while it may look tempting, context matters. This pocket isn't supported by enough confluence — no major structure, volume shelf, or EMA alignment. For a quick scalp? Yes. But for a high-conviction swing? It's not ideal.Remember, in trading we're not here to chase every candle — we're here to wait for the setups that stack the most reasons to say yes.📍 The Zone to Watch: $157Now let’s talk about that $157 zone — and why it’s standing out as the highest-probability long setup:0.618 Fib retracement of the major impulseRetest of the breakout swing highUntested Fair Value Gap (FVG)233 EMA + 233 SMA on the 4H timeframe lining up as dynamic support1.5 outer pitchfork support line crossing through1:1 trend-based Fib extension confluencePrior area of interestThis is what we call a “stacked setup.” The more layers of confluence, the more conviction we have in the trade. Add to that the potential for a liquidity sweep (SFP) just below the current low at $159.44 — and it becomes a zone worth watching closely.🎯 Long Setup:Entry: $157–$159.44 (watch for SFP confirmation)Stop-Loss: Below $154Target: $200R:R: Approx. 1:12 — a setup worth being patient for🧠 Educational Note: Why Confluence Is KingHigh-probability trades don’t come from guessing. They come from stacking confluence: structure, Fibonacci, moving averages, time-based levels, pitchforks, VWAPs, volume profiles — the more that lines up, the less you need to hope and the more you can trust your edge. Think like a sniper, not a machine gun.The market rewards patience and precision — not noise and FOMO.🔻 Short Setup (Alternative Play)While we’re primarily bullish, there’s a valid short opportunity at the psychological $200 mark — but only if price shows clear rejection and confirmation (e.g. SFP, bearish engulfing, high volume reversal).Entry: $200 rejectionStop-Loss: Above $205Target: $185–$180R:R: Approx. 1:3+🔥 Final Words: Trade With PurposeThis is what trading is about — not chasing green candles, but waiting for structure, clarity, and alignment. Whether you’re trading long or short, focus on high-conviction setups backed by logic and levels, not emotion.Don’t trade for action. Trade for precision. The market will always reward the patient ones who are willing to wait for that clean entry, stacked with reasons to act.Trust the process, stay disciplined, and let the charts do the talking. 💪📈___________________________________If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.🚀 SOL Quick Update:SOL has flipped the POC from resistance into support with a clean retest — that was the long trigger. Structure remains bullish, and the $200 target is still in play. Keep an eye on price action for momentum confirmation! 📈Fakeout confirmed — BTC printed a clean SFP (Swing Failure Pattern) at the highs. Stay cautious.🚨 SOL Quick Update – May 22After BTC tapped its ATH and printed an SFP, the second breakout attempt was met with a sharp -3% rejection, dragging altcoins briefly with it. On that drop, SOL just retested the 21 Daily EMA at $165.5 and bouncing cleanly.🔹 Currently trading above key support zones:- 21D EMA: $165.55- 21D SMA: $165- 21W EMA: $162.67- 21W SMA: $168.27- 1H 500 EMA: $163.53- 1H 500 SMA: $163SOL remains firmly in an uptrend. As long as it stays above these levels, the $200 target remains in play. Watch the reaction at the swing high of $184.88! We could see an SFP before continuation.👉 Bonus: If you want to apply these EMA/SMA zones to your own charts, check out my free indicator I built. It’s available under “Scripts” on my profile. Enjoy and happy trading! 💻🚨 SOL Update – 23 MayYesterday, I anticipated a sweep of the highs followed by a small correction — and that's exactly how it played out. SOL is respecting the technicals beautifully.The two key highs at $180.52 and $179.85 acted as an S/R flip zone. After two initial rejections, price broke through, targeting the high at $184.88, which was swept and printed a SFP. A minor correction followed, retesting the key highs — right inside the golden pocket of this smaller wave in confluence with the 1H TF 21 EMA/SMA.From there, we’ve seen a nice bounce, now breaching higher levels.🔹 Target remains: $200🔹 Key support to hold: $180 zoneIt’s been a pleasure to chart SOL — technicals have been clean, and price action has rewarded patience and precision.Another SOL Update – May 23Today’s news sent shockwaves through the markets, triggering a sharp downturn. SOL attempted to retest the yearly open at $189.31, but failed, printing another SFP followed by a sharp -8% drop.This drop retested the weekly open, aligning perfectly with– Anchored VWAP from the low at $159.44– Previous POC just belowThat confluence triggered a strong bounce but will it hold and push higher? Imo unlikely. A revisit of the weekly open+POC seems more probable. That level needs to hold to maintain bullish momentum. This week's candle close will be key in revealing SOL’s next direction.🔍 Key Zone to Watch:– $170 – must hold to sustain bullish momentum.A breakdown below this level would signal weakness and shift the bias.Reminder:– Many are asking what’s happening and how to react.– The answer? Watch price action. If you're unsure, take profits, adjust SL. Ask yourself: are we above key support like dOpen, wOpen, mOpen, VWAP, POC, Fibonacci, EMA/SMA etc.👉 Adjust. Adapt. Stay present.SOL remains one of the cleanest charts.