- Solana executed a perfect liquidity grab, hitting demand before bouncing
- FOMC & Fed rate decision could trigger major volatility—stay cautious
- Two key levels to watch: A strong supply zone above & demand below
Solana has been playing out beautifully, following the exact structure we anticipated in the last analysis.
If you caught the move, congratulations—you just secured a 1:6 risk-reward trade.
But now, with the FOMC statement and interest rate decision at 18:00 GMT, we could be in for another wild ride. Let’s break down the next potential setups.
Solana’s Previous Move: A Perfect Liquidity Sweep
In our last breakdown, we identified equal lows sitting above a strong demand zone with imbalance.
As expected, the price:
- Broke through those equal lows, trapping retail traders.
- Gave a fake reaction, creating more liquidity below on lower timeframes.
- Manipulated downward into the demand zone, triggering a strong bounce.
If you entered at the demand zone with a stop-loss below, you could have secured a 1:6 risk-reward trade—a textbook execution.
But that’s history. Now, let’s focus on what’s next for Solana.
Upcoming FOMC Events: Time for Big Moves?
What’s Happening Today?
- FOMC Economic Projections
- FOMC Statement
- Fed Interest Rate Decision
These events always trigger major volatility, and Solana’s price could react aggressively. So what’s the play?
I’m watching two key levels:
- A supply zone above – If price reaches this level, it could trigger a sharp reaction downward.
- A demand zone below – With liquidity sitting just above, we might see a sweep before another strong bounce.
If price hits either of these levels before the FOMC event, I might consider a position. Otherwise, I’ll wait for the dust to settle.
Final Thoughts: Stay Cautious, Trade Smart
Let’s be clear: no setup is 100% guaranteed. The market can do whatever it wants, and high-impact news events like FOMC can lead to unpredictable price action.
If you’re trading, be mindful of volatility. A sudden liquidity grab could trap both longs and shorts before the real move happens.
If you’re new to trading or looking for a reliable exchange, Weex is a solid choice. It offers deep liquidity and low fees—perfect for executing these setups efficiently.
What’s your play for Solana? Waiting for the FOMC or already in a trade?
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
