Technical analysis by King_BennyBag about Symbol SOL: Buy recommendation (7/1/2025)

Solana (SOL/USDT) – 4H Market Outlook | July 1, 2025 Introduction SOL has formed a reverse head and shoulders pattern, followed by a clean breakout above resistance. While the lower time frame is bullish, the higher time frame remains bearish, creating a short-term opportunity within a broader downtrend. Context 1: Key Zones Supply Zone: 176 – 187 Demand Zone: 126 – 143 Psychological Levels: 140 and 160 Context 2: Technical Structure Pattern: Reverse Head & Shoulders Breakout: Confirmed above neckline/resistance FVGs: One below price (within demand) One above price (potential target) Golden Pocket: Sits just above lower FVG and inside demand — strong confluence support Context 3: Volume Insight OBV Indicator: Shows a sudden volume spike, adding strength to the breakout and the bullish pattern confirmation. Bullish Scenario Price pulls back into the golden pocket + FVG + demand zone Finds support → bounces to form higher low Second leg of the move breaks swing high → targets upper FVG and 160 psychological level Bearish Scenario Price breaks back below demand zone and invalidates the golden pocket Fails to hold structure → reverts to macro bearish trend Potential retest of previous swing low below 126 Summary SOL is showing bullish momentum on the 4H after completing a reversal pattern and spiking in volume. A pullback into the demand zone confluence may offer a strong long setup — but failure to hold could revalidate the higher timeframe downtrend.Price has successfully reversed off the FVG - we are now testing the FVG once more. If it rejects again, we enter.As predicted, price has now successfully reversed off the FVG and GP allowing us to maintain movement above resistance, we are now sitting in profit - nearing the first psychological level of 160Price has now successfully filled the psychological level, just as predicted. We saw a surge up, now we see a surge down. It has rejected off the below 4hr FVG twice now, while maintaining it's position above the resistance. It has rejected off the Golden pocket for the 2nd time now and will try break above the previously filled FVG zone. If price breaks below the resistance, we will see our SL hit, FVG filled, and the psychological level of 140. If this happens, our trade will be invalid and we will be looking for new long or potential short opportunities. Volume however, has broken the htf resistance and is now forming a wedge, if this breaks above or below (either one) we can see major movements appear on SOL. Keep an Eye out. We are still in profits thanks to partial Take profits at $160 - so no need to stress.Well done to those who took this trade! We are now in major profits with Solana playing out just as predicted!