Technical analysis by Wavervanir_International_LLC about Symbol SOL: Buy recommendation (5/28/2025)

🔍 Solana (SOLUSD) – Confluence Analysis (30-Min Chart)This chart represents a bullish confluence zone backed by Smart Money Concepts (SMC), Fibonacci levels, Fair Value Gaps (FVGs), and Order Blocks. Here's a detailed breakdown of the confluence logic:🔑 Key Confluences:1. FVG and OB Reclaim in Premium ZonePrice reclaimed a premium FVG zone (between ~$175.70 and $177.30).This reclaim, combined with the Bullish CHoCH and BOS structure, signals institutional interest.A retest of this zone is likely to act as a springboard toward the next premium levels.2. Fibonacci ConfluenceMultiple Fibonacci levels are stacked:0.618 - 0.786 retracement zone aligned with equilibrium near $176–177.1.618 extension target at $187.53.2.618–4.236 long-term extensions project a move toward $205.06–$211.85.This supports a measured move projection of:🎯 Target 1: $184🎯 Target 2: $205–211 (21.83% gain from current level)3. Equilibrium & Discount ZonePrice bounced from the discount zone and retested the equilibrium.Indicates ideal entry area from Smart Money Concepts (where institutions load up).Yellow box ($168.51–$175.70) marks optimal risk-reward entries.4. Volume ConfirmationRising volume beneath the bullish candle structure adds validity to the breakout potential.5. ORB (Opening Range Breakout) BiasLabel "ORB (15, 0930-0945)" implies a bullish ORB setup, likely used to structure intraday momentum.If today’s open maintains above $175.70, the ORB bias confirms upside continuation.🧠 Summary:ComponentValueCurrent Price$177.32Entry Zone$175.70–$177.30 (Equilibrium/FVG)Invalidated Below$168.51 (OB/SMC invalidation)Target 1 (TP1)$184.00Target 2 (TP2)$205.06–211.85 (Fib/SMC)Reward:Risk (est.)5.3R (if SL near 168.5, TP near 205)✅ Trade Plan (Hypothetical)Entry: $175.70–$177.30Stop Loss: $168.00 (below OB + structural invalidation)Take Profit:TP1: $184TP2: $205.06TP3 (Fib 4.236): $211.85📘 Macro Note:If BTC maintains risk-on momentum and SOL holds above $175, this setup has high confluence for continuation into mid-$180s, with $200+ psychological magnet likely if macro liquidity improves.