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Solusdt

SOL Gol📊 Analysis by AhmadArz: SOLUSDT Technical Analysis Using Price Action This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades. 🔍 Entry Point: The entry point occurs when the price breaks above the descending channel line (blue line) and confirms with a strong bullish candle. Typically, this happens with a significant bullish candle closing above the channel line. Therefore: Suggested Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈 🛑 Stop Loss: The stop loss should be placed at a level where, if the price reaches it, the likelihood of further decline is high. This point is usually below strong support areas. Therefore: Suggested Stop Loss: 120.80 USDT (below the lowest swing) 🚫 🎯 Take Profit: After entering the trade, setting price targets is crucial to optimize your profit. In this analysis, several Take Profit (TP) levels are identified, each with its own rationale: TP1: 127.72 USDT 💰 Reason: This level is close to the entry point and serves as the first short-term target. The goal is to lock in short-term gains and reduce risk. TP2: 142.43 USDT 🔄 Reason: This level is near the previous descending trendline, which may act as resistance. This is a suitable target for a mid-term exit. TP3: 149.20 USDT 🚀 Reason: This level is a strong previous resistance where the price might react. Breaking this level could lead to further upward movement. TP4: 157.55 USDT 📈 Reason: This level is near a key resistance where the price has reacted multiple times before. Targeting this level indicates a high likelihood of price reaction. TP5: 163.98 USDT 📊 Reason: This level is near the highest price level in the recent period. If the price reaches this level, it is likely to stabilize. TP6: 174.65 USDT 🌟 Reason: This level is a long-term target and the highest resistance level in the analysis. Reaching this level could indicate further potential for higher prices. 📊 Signal Story: This analysis shows that SOL/USDT is moving within a descending channel. If the price can break above the descending channel line and confirm with a bullish candle, it is likely to move towards higher targets. Therefore, the suggested entry point is around 127.90 USDT. 📉 The stop loss is placed below a strong support area to prevent significant losses if the price moves downward. The Take Profit (TP) targets are specified in sequence, which can be used to set exit points. 🚫 💡 Key Points: Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈 Stop Loss: 120.80 USDT (below the lowest swing) 🚫 Take Profit Targets (TP): TP1: 127.72 USDT 💰 TP2: 142.43 USDT 🔄 TP3: 149.20 USDT 🚀 TP4: 157.55 USDT 📈 TP5: 163.98 USDT 📊 TP6: 174.65 USDT 🌟 🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀 Please boost and 💬 comment to share your thoughts with us!
Long
by ahmadarz
6
SOLUSDT & BTCUSDT Price Action and Short Setup on Saturday!I never thought that this would happen on Saturday. Now the components of my setup are being formed. - Monday High is hit. - Low week (Thu`s Low) has been Marked. - The price has not reached the "High" of the previous week. - Our price range has been determined and we have also drawn a 50% line. - The price fell sharply in NY session. - But Bitcoin did not fall sharply. Result: I'm waiting to see if the price hits the FVG after reaching the 50% fibo and pullback (upwards) and then starts its downward movement again.
Short
by kevin13433
4
I will consider Solana around 80$Blue Line - All time high ( 260 ) Green Line - Interest zone ( 116, 90, 80 ) As you can see triangle pattern spotted in a daily timeframe, and successfully break the upper resistance channel with wickless Bull candle in a weekly timeframe. It is a huge confirmation to hit All-Time high in near future. If BINANCE:SOLUSDT able to close candle above 260 in either a weekly or monthly timeframe I would consider short trade until 90-116 range. 80-95 range is crucial support zone to hold in a monthly timeframe, which means BINANCE:SOLUSDT must close a candle above 80 in a monthly timeframe. But remember we can reach 50-70 range in a weekly timeframe.
Long
by terayu
3
SOL to 300+ Kingmaker coinafter a long "wait", with BTC halving and some consolidation, i think its not long until crypto as a whole continues, and actually picks up the pace upwards Looking at sol here, its not a lot of resistance before blue skies I havent drawn the ath, but that is around 270. Im looking for this to "melt" upwards. Not sure exactly when, but it will be a blast when or if it happens. Of course nobody knows. But tracking crypto now for 8 years, im getting more confident. I dont think 300 the top, especially thinking of the previous 270.. just +10% on that is not enough, but in the relative "short term" i think we shall see 300-350 As for how high i believe it will top... oh that is high -- BTC is now around 67500, and this area is huge.. BTC could be done with a smaller 12345 and ab, so we might see a little pullback to c lower, that will again pull SOL lower as well. In the bigger picture, this does not change anything or matter. But it could add like a month sideways, which will be ok
PYTH:SOLUSDLong
by NaturalPatterns
SOL Technical Analysis: Navigate Price Levels for SuccessThe chart shows three major areas of support and resistance: Green zone at $118.39 - $128.52, Blue zone at $198.74 - $210.55, Yellow zone at $153.09 - $155.57, and two levels at $184.41 and $163.20. These zones and levels are important because they indicate zones where the price has previously seen considerable buying or selling pressure. The Green zone has served as a key support area. The price has previously experienced significant purchasing activity in this area, resulting in substantial reversals. This means that if the price fell to this level again, it would likely face significant buying pressure. The Blue zone at $198.74 - $210.55, is a strong resistance area. Historically, the price has been facing selling pressure in this zone, making it an important region to monitor for potential reversals or breakouts. Currently, the price is on the Yellow support zone. The price is consolidating between resistance at $163.20 and this yellow zone support. A clear break and close above the resistance at $163.20, especially if supported by increasing trading volume, may indicate a bullish move. A descending trendline from previous highs also indicates that the price is in a bearish trend. A breakout above this trendline, along with a breach of the resistance level, would be a strong bullish signal, indicating a possible shift from a bearish to bullish trend. The chart's key level and zones give an overview for predicting future price movements. A bullish scenario might involve a break out of the resistance level at $163.20 and the descending trendline, resulting in an upward trend toward the next resistance level at $184.41 and if the momentum continues we might see the price move towards the blue resistance zone. A bearish scenario would be indicated by a failure to hold the yellow support zone and a further drop toward the green support zone. Monitoring these important levels and the related volume will provide useful information about the future price trend
by TheCryptoCity
1
SOL/USD Short-term Bullish ReversalAlright, let's break down this SOL trading idea. So, we're looking at SOL, and it seems like it's lagging behind BTC by a few hours. BTC already had its pump off the double bottom, but SOL is just starting to form its double bottom pattern. This is a pretty bullish sign, especially in the short term. Take a look at the chart. We've got a clear double bottom forming around the $165 mark, which is a solid support level. The price is bouncing off this support, setting us up for a nice retest of the R1 resistance level around $182.50. Notice how the price action has been respecting the moving averages (those colored lines). The price dipped below but quickly snapped back above, showing strong buying interest. This kind of price action often leads to a breakout, especially when combined with a bullish pattern like the double bottom. The lower wicks on the recent candles show that there's been buying pressure at lower levels, pushing the price back up. This is a good sign that the bulls are stepping in. So, in short, SOL is looking to play catch-up with BTC. We're forming a double bottom, the price is respecting key support levels, and we have a clear target at R1. If we get a break and close above the R1 level, we could see a continuation towards higher resistance levels. Keep an eye on the volume as well. Increasing volume on the upward move will confirm the breakout and give us more confidence in the bullish scenario. That's the play: watch for the double bottom completion and a move towards R1. If BTC continues to hold strong, SOL should follow suit and give us a nice short-term bullish move. This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions. Always stay neutral, let the trend be your friend, and trade on.
COINBASE:SOLUSDLong
by KennyTheSensei
BTCUSDT & SOLUSDT, One Short Scenario for Friday! The setup I am looking for is showing in BTCUSDT, But i don`t trade it, I Trade SOLUSDT! As SOL is following BTC well, I start to look at the chart of BTCUSDT first and get confirmation from it to trade SOLUSDT! One short Position As a Scenario for tomorrow, will be show in attached chart! Wish Low-Loss Trade! Note: Above Idea is only my idea and it is not Offering Buy or sell or Trade! re Its Just my Idea to share with you and wait for your Kind comments or share your Idea with me!
Short
by kevin13433
Trade Setup: SOL Long PositionMarket Context: The upcoming SOL ETF and the Solana Breakpoint event in 6 weeks are key narratives. Solana's ecosystem is showing strength and resilience even when the market is declining. Trade Parameters: Entry: Enter a long trade around $155. Take Profit: First target: $185 Second target: $205 Stop Loss: Set at $146 📊 Watch the price action and adjust the trade based on market conditions. Given the potential for market narratives to drive momentum, it's important to stay informed about any developments related to the SOL ETF and the Breakpoint event. #SOL #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
Will Solana (SOL) have a chance to secure $210?Solana (SOL) broke above the downtrend line on July 20, opening the doors for a possible rally to $210. However, the bears are unlikely to give up easily. They will try to stall the rally near $189 and pull the price toward the downtrend line. If the price rebounds off the downtrend line, it will signal that the bulls have flipped the line into support. That will increase the likelihood of a rally to $210. Contrarily, if the price turns down and breaks below the downtrend line, it will suggest that the bears are making a comeback. The SOL/USDT pair could then plummet to the moving averages.
by paul_endeo
Solana Soars: Can It Break Through to $200?Solana (SOL), the high-performance blockchain platform, has been making waves recently with a 5% price surge. This uptick has ignited discussions among investors: can SOL reach the coveted $200 mark? Let's delve into the technical analysis and market sentiment to assess this possibility. Breaking Through Resistance: A Positive Sign The recent price action for SOL is encouraging. The token successfully surpassed the crucial $175 resistance level, a significant hurdle that often acts as a barrier for further gains. This breakout suggests a shift in market sentiment, with buyers becoming more confident and pushing the price higher. Technical Indicators Offer Support Beyond the resistance level, technical indicators provide additional reasons for optimism. The price is currently trading above the 100-hourly simple moving average (SMA), which is a technical indicator that gauges the average price over a specific timeframe. This indicates a potential uptrend, as the price is positioned above the average price of the past 100 hours. Bullish Trend Line Offers Guidance The formation of a bullish trend line on the hourly chart adds another layer of technical support. This trend line acts as a floor, preventing the price from falling too drastically. As long as the price remains above this line, the uptrend remains intact. The $185 Hurdle: Key to Reaching $200 The next major obstacle for SOL is the $185 resistance level. If the bulls can muster enough strength to break through this barrier, it would pave the way for a potential surge towards the $200 target. Higher trading volume accompanying this breakout would further solidify the bullish momentum. Market Sentiment Plays a Role Technical analysis is a powerful tool, but it's not the only factor at play. Market sentiment significantly impacts cryptocurrency prices. Positive news surrounding Solana's ecosystem, partnerships, or technological advancements could fuel a buying frenzy, propelling the price towards $200. Conversely, negative news events or broader market corrections could dampen enthusiasm and hinder the climb. External Factors to Consider The overall health of the cryptocurrency market also plays a significant role. If Bitcoin (BTC), the leading cryptocurrency, experiences a strong rally, it can often lift the tide for other altcoins like SOL. Conversely, a Bitcoin price slump could drag down the entire market, impacting SOL's trajectory. Conclusion: A Promising Climb, But Caution Advised Solana's recent price action and technical indicators paint a promising picture. The $200 target is certainly within reach, but several factors need to align for it to become a reality. Overcoming the $185 resistance, positive market sentiment, and a supportive overall crypto market are crucial. Investors should exercise caution and utilize proper risk management strategies, as the cryptocurrency market remains inherently volatile. By closely monitoring technical indicators, staying informed about relevant news developments, and keeping a pulse on market sentiment, investors can make informed decisions about their SOL holdings.
COINBASE:SOLUSDLong
by bryandowningqln