Technical analysis by Ikeyhan about Symbol SOL: Buy recommendation (8/16/2025)
🔎 Chart Context •Pair: SOL/USDT •Exchange: Binance •Timeframe: 4H (240M) •Date: 16 August 2025 This chart uses price action + liquidity concepts (CH, FVG, liquidity grabs, demand zones) for projection. 📊 Key Observations 1.Recent Highs & Lows •Swing High: 209.86 •Previous High: 206.30 •Previous Lows: 173.43, 175.63, and 161.13 These levels represent liquidity points where orders are clustered. 2.Change of Character (CH 4H) •Around 195.26, a CH (Change of Character) has been marked. •This suggests that the bearish trend shifted into bullish momentum after reclaiming higher highs. 3.FVG (Fair Value Gap) •The current price is retesting the FVG zone after rejecting from 209.86. •FVG zones typically act as rebalancing levels where price either consolidates or launches into the next move. 4.Demand Zones •173.43 – 177.73: Strong demand area with previous accumulation. •155.83 – 157.23: Deeper demand zone that may act as a long-term support if the market drops sharply. •Current reaction shows bulls protecting 173–177 zone. 5.Upside Target •Next projected liquidity pool is at 219.73. •This is above the 209.86 high, indicating liquidity sweep potential and continuation of bullish trend. 📈 Bullish Case (High Probability) •Price held the FVG + demand block around 173–177. •Higher High (209.86) confirmed a bullish structure. •If momentum sustains, target = 219.73, where liquidity above old highs is likely to be taken. •Expect potential retracement back to 195–197 before pushing up. 📉 Bearish Case (Low Probability but Possible) •If SOL fails to hold 173–177 demand zone, we may see a deeper retracement toward 161–157 support zone. •Losing that level would invalidate the bullish structure and turn the chart back into distribution mode. ⚡ Trading Plan •Entry (Long): Accumulation around 173–177 (FVG/Demand zone). •Target 1: 195–197 (partial take-profit). •Target 2: 209.86 (previous high). •Target 3 (final): 219.73 (liquidity sweep zone). •Stop-loss: Below 173 (safe stop), or aggressive stop below 182.70 minor structure
