‌#MyWeekendTradingPlan $SOL ‌Based SOL/USDT chart, I can perform a technical analysis using the concepts outlined: Impulse, Fibonacci Retracement, OTE Zone, Confluence, and Lower-Timeframe Confirmation.

Step 1: Identify Displacement (Impulse)

From the Chart, I can identify a clear downward impulse:

· High (start of impulse): ~111.05 USDT
· Low (end of impulse): ~95.19 USDT
This is a sharp decline that qualifies as a displacement move.

Step 2: Draw Fibonacci Retracement (0% → 100%)

Using the impulse high and low:

· 0%: 111.05 (start of impulse)
· 100%: 95.19 (end of impulse)

Key Fibonacci levels for retracement:

· 23.6%: 108.72
· 38.2%: 106.22
· 50%: 103.12
· 61.8%: 100.02
· 78.6%: 96.67

Step 3: Locate OTE Zone

The Optimal Trade Entry (OTE) Zone is typically between 61.8% and 78.6% retracement of the impulse move.

From above:

· 61.8%: 100.02
· 78.6%: 96.67

OTE Zone: 100.02 – 96.67

Step 4: Confirm Confluence

From the second chart:

· Bollinger Bands (20,2):
· BOLL: 105.14
· UB: 105.75
· LB: 104.53
· SAR (0.02,0.02,0.2): 105.47 (above price, indicating downtrend)

The OTE Zone (100.02–96.67) is below the current price (~104.89), but if price retraces upward into this zone, it would align with:

· Previous support/resistance near 96.52 (24h low)
· Potential SAR flip if price retests and rejects

Step 5: Enter on Lower-Timeframe Confirmation

Entry Strategy:

1. Wait for price to retrace into OTE Zone (100.02–96.67).
2. Switch to a lower timeframe (e.g., 15m or 1h) and look for:
· Bullish reversal patterns (e.g., hammer, engulfing)
· RSI/MACD divergence
· Candle close above a key level within the zone
3. Enter long on confirmation candle close.
4. Stop Loss: Below 95.19 (impulse low).
5. Take Profit: Toward 111.05 (start of impulse) or beyond if momentum continues.

Summary:

Impulse High: 111.05
Impulse Low: 95.19

OTE Zone: 100.02 – 96.67

Current Price: ~104.89 (above OTE Zone wait for retracement)

Confirmation Tools:
- Bollinger Band squeeze near 105
- SAR downtrend
- 24h Low at 96.52 (confluence)

Recommendation: DYOR

Currently, price is above the OTE Zone. Do not enter yet.
Monitor for a retracement into 100.02–96.67, then wait for lower-timeframe bullish confirmation before entering long.$SOL ‌