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Solana

Solana 🔽Hi, friends! 🫶Solana, with its recent price action, presents a compelling opportunity for short-term trading strategies. With its strong fundamentals and growing ecosystem, Solana has garnered attention as a promising blockchain platform. However, in the short term, market dynamics indicate potential downward movements, offering traders a chance to capitalize on price fluctuations. 😊 ▶️Opening the position at levels 188-190 📈 ✔️Taking profit at level 177 💰 ✖️Stop loss above 198 ⛔️ These are just my thoughts, and the decision to enter the trade is up to You. 🤔 Sincerely yours, Kateryna💙💙
BINANCE:SOLUSDShort
by RocketBomb
24
Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations: Key Points: • dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps. • Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price. • Strong Contender: Solana's performance suggests it could be a major player in the dApp market. • Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth. Additional Considerations: • Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges. • Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users. • Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value. Before Investing: • Research Solana's technology and its competition in the dApp space. • Understand the risks involved in cryptocurrency investments. • Only invest what you can afford to lose. Overall: This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance.
COINBASE:SOLUSDLong
by bryandowningqln
Solana: Completion of Wave (2) and Long-Term OutlookSolana presents the scenario we've been discussing for some time now. We might already be seeing the completion of Wave (2), with our entry point around $81. Since then, Solana has surged by 42%. However, we're still considering the possibility of an extended Wave (2) correction, now shaping into a flat structure. On closer examination, the recent upward movement appears to be in three parts. While it's possible to further develop Waves 3 and 4, creating a 5-wave structure, surpassing the $144 mark is crucial to definitively exclude the short-term bearish scenario. There's some leeway with overshoots; a temporary spike (wick) doesn’t necessarily invalidate the ABC scenario. However, a sustained move beyond that would.
CRYPTO:SOLUSDLong
by stromm_by_wmc
4
Solana: Fakeout and Bullish ContinuationSolana (SOL) has been in a downtrend since November 2021. The price has been respecting the descending trendline and making lower highs and lower lows. However, the price recently formed a bullish uptrend wedge pattern on the 4h timeframe, which turned out to be a fakeout. The uptrend wedge: The uptrend wedge is a bullish pattern that is characterized by two converging trendlines, one connecting higher highs and the other connecting lower lows. The price typically breaks out above the upper trendline, signaling a continuation of the uptrend. The fakeout: The price broke out above the upper trendline of the wedge on March 14, 2023. However, this breakout was a fakeout, as the price quickly reversed and fell back below the trendline. The liquidity grab: The fakeout was likely used by large market participants to trap retail traders and acquire liquidity at higher prices. This is a common market manipulation tactic known as a "liquidity grab." The bullish continuation: The price has since consolidated and is now ready to continue its bullish rally. The first bullish target is $250, which is the top of the previous uptrend. Further upside could see the price reach $300 or even higher. The importance of liquidity: Traders should always be aware of liquidity when making trading decisions. Liquidity is the amount of available buyers and sellers at a given price level. The higher the liquidity, the easier it is to buy or sell a token at a desired price. Conclusion: The SOL chart shows a bullish pattern. The price has formed a fakeout uptrend wedge and is now consolidating. This suggests that the price is likely to continue its bullish rally in the near future. However, traders should always be aware of liquidity and market manipulation tactics when making trading decisions.
Long
by Yaroslav_Krasko
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself. Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future. So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA! I hope to see this coin thrive in the future. Todays price is not tomorrows Price! The future is Blockchain! Happy trading lovely people. Stay safe. Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk!
COINBASE:SOLUSDLong
by PathaanKhan
8
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now just an update of the old attached idea with more data now on the macro momentum. looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha. or we are about to get gutted like that earlier 'fake' pump. full retrace hell. the momentum doesnt quite look right overall for that option to me. i think first option is more likely above. anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :) gl
BINANCE:SOLUSDLong
by Crypto-Quantum-Fox
8
🔥SOL Is Close To The Buy Side And Trend Line SupportThe SOL price makes a local pump after test of the trendline. The biggest price support for Solana is at $16 (channel bottom and trendline). Also pay your attention to the BUY and SELL side. If you open a trade at the bottom of the channel it would be better to close at least 30-40% at the top of it. 💥Bitcoin will show the direction for alts. So pay much attention to #1 crypto and Solana support levels. If you bought it at the bottom of the channel and still hold, I would recommend you to not sell coins for now. At least 1 wave of growth will be soon. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
5