SOLUSDT 12h Solana +35% growth in 6 days and this is not the endToday we will update info about our medium-term SOLUSDT trade.
After an 8-10 month downward trend, it is hard to believe in growth, but the fact is that in just 6 days the Sol price increased by 35%
The first strong resistance level of $50 is very close.
We assume that consolidation may begin below it before continuing the upward movement.
Therefore, it is worth making a decision based on what type of trade you practice, whether the profitability is sufficient for you, how large the size of the position is, etc.
At the moment, it seems logical to partially fix the profit on the long position of SOLUSD, before the levels of $50, $59 and $79
The growth pattern is relevant if, the nearest days, buyers do not allow the Solana token price to fall below $41.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Solanausdt
SOLANA (SOLUSDT) breakout or antoher dump?SOLANA has shown signs of strength recently, first by stopping its constant fall on a historic support level with significant volume (2nd biggest trading volume in SOL's history on Binance).
Also the descending channel of the past few weekshas been broken. While these are all bullish signs to me, another historically proven resistance area is just above the price and a long-term decending resistance line is very close too. If the price was to close above 60-61 USD, then I would start hoping for a longer-term uptrend - though not necessarily a new All-TIme High in one go ;-)
On the other hand, the aforementioned two resistance factors can justify a short positionif the price failsto holdabove 60 dollars.
SOLANA Short SetupSolana is likely to go down as it has broken down the trendline support, and now it has become resistance level, make sure to take more evidence before taking entry on it.
Use the MAEE formula to take trades.
- Market Structure (Bullish-Bearish)
- Area of value (support-resistance)
- Entry trigger (candlestick pattern evidence, moving average, etc.)
- Exit trade (risk management, stop loss, and take profit)
You can use this proven formula to reduce losses and make more profit!
Note: This is not financial advice, you are responsible for your trades.
Thank you!
SOLUSDT 1D Buy and sales levels of Solana in the descriptionBefore you is the global chart of SOLUSDT
For more than 8 months, the downtrend in SOLANA price continues, and the last 2 months the SOLUSDT price is in the lower part of the trend channel.
However, it seems that there is interest in the SOLANA project and there are both large and small buyers.
Buyers did not allow the SOLUSD price to fall below the liquidity area of $20-40. It was there in 2021 buyers was taken the final big long position before the pamp at x10.
Targets for SOLUSDT price growth in the coming weeks:
1) $42.50
2) $60-61
3) $79-80
If you see that the SOL price is trying to stabilize below $30-31 , then place an order to buy at $23 . Of course, you have to buy SOL if you believe in the bright future of the SOLANA project and know how to use the SOL token in your deposit.
(By the way, you can share your thoughts and experiences in the comments)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Solana SOL DirectionI've set with red the support and resistance zones for Solana.
I Don't short this VC altcoin, too manipulated.
My next spot buy of SOL will be between 21$ and 18$, with a chance it goes even below 16$.
The RSI made a plateau of support, check the black line.
If BTC scam wicks up for a while now, SOL might retest 42$ first, before more down to come.
Have a nice day )
Solana SOL Short term future - Trend analysisSOLANA is heading to the $50 dollar level within das. From there I see a short-term reversal.
#SOL Analysis : #SOL broke the downtrend resistance line and #SOL Analysis :
#SOL broke the downtrend resistance line and hits the major resistance level of $40.70 - $48.44. The zone is pretty huge and currently price reacted of the major resistance and price may continue to dump. so no buys right now, better wait for the opportunities.
ONE USDT HELLO GUYS THIS MY IDEA ABOUT Harmony One Usdt is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push Up the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
TURTLE TRADER
SOL trade opportunity to make 25% ROISOL so far is giving a short-term bullish look with its main indicators showing positive indicators. One can dive in considering the resistance at the upper trend line and can come out of the trade-in case of reversal after touching the upper trendlines.
Short-term opportunity to make few bucks.