SOL/USDT 1H Trade Plan#DeFiLossesTop600MInApril

$SOL ‌
Bias: Bullish — Classic stop-hunt reversal. Fakeout below BOLL Lower Band followed by strong reclaim above Upper Band.
Chart Reads:
Price spiked down to $83.36 (24h low / BOLL Lower Band wick) — a clear stop hunt / liquidity grab
Immediately reversed and is now trading ABOVE the BOLL Upper Band ($84.90) at $85.35
EMAs bullishly stacked (5 > 10 > 30) and all curling upward after the reversal
MACD: DIF (0.16) > DEA (0.09) — fresh bullish cross forming, momentum building
The V-shaped recovery from $83.36 to $85.35 in just a few candles shows strong buyer absorption
Long Setup
Level
Price
Aggressive Entry
$85.35 (current)
Conservative Entry
$84.61–$84.90 (pullback to EMA5 / BOLL UB retest)
Stop Loss
Below $83.80 (below the fakeout wick base)
Target 1
$85.63 (24h high)
Target 2
$86.50–$87.00 (measured move extension)
R:R (conservative entry): ~1:2.3
Key Observations:
The stop hunt to $83.36 cleared weak longs — the subsequent rip is fueled by short squeezes and fresh buyers
Price reclaiming BOLL Upper Band after a fakeout is one of the strongest reversal signals on this setup
MACD is weak but that's normal at the start of a new move — watch for histogram to grow
Invalidation:
1H close back below $84.20 (BOLL Mid / EMA30) means the reversal failed
Re-test of $83.36 invalidates the bullish case entirely
Technical analysis only, not financial advice.