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Solusdt

📈🔍 Altcoin Trade Analysis (SOL) 🔄💼Trade Overview: BTC's sharp reversal off support has uplifted the overall market, presenting a potential opportunity to go long on bullish altcoins like SOL, currently resting on support. Trade Setup: Entry: Enter the trade at $142.00. Take Profit: Consider taking 25% profit at $150 and the remaining balance at $160 - $170. Stop Loss: Set the stop loss just below $138 to manage risk effectively. Risk Management: Until BTC can regain higher resistance levels, view this as a relief bounce. Take profits opportunistically and manage trades closely amid market volatility. 📊🛡️ Exercise diligence and monitor SOL's price action for trade management! #SOLTrading #CryptoAnalysis 📉🚀
Long
by Richtv_official
2
Solana SOL Update: Bullish Breakout or Bearish Retreat?As I have reported out yesterday, technically Solana is trading in the "no man's land" and can move in either direction. A bullish move towards and a break-out of $165 will push SOL towards $205 and, possibly, higher. Below $165 , risk of bearish move towards $131 is still there and, if $131 is broken to the downside, we can see a further bearishness to $113. Note, as long as Solana is trading between $131 and $165, the price action will be slow and choppy.
by Trade-Lean
1
Will Solana stay on current support?Hello everyone, let's look at the 4H SOL to USDT chart, as we can see the price is staying in the sideways trend channel marked with blue lines. Let's start by setting goals for the near future that we can include: T1 = $145.9 was rejected T2 = strong zone that effectively reverses the price from $153-$163 AND T3 = $189 Now let's move on to the stop loss in case of further market declines: SL1 = $143.4 SL2 = $133.56 SL3 = $126.48 AND SL4 = $117.53 Looking at the RSI indicator, you can see that we are moving around the middle of the range, which gives a possible move in both directions, but the STOCH indicator is moving at the lower border, which should result in an upward price rebound if the price stays at the current support.
by cryptodailyuk
1
Solana Price Puzzle: $165 Breakout or $131 Plummet?Solana is trading in the middle of the daily range zone between $131 and $165, where (1) it can move from in either direction and (2) the price action is expected to be slow and choppy. A bullish break-out of $165 will push SOL towards $205 and, possibly, higher. It is yet to make a higher high relative for the most recent swing and until then there is a a risk of bearish move towards $131 and, if broken to the downside, lower to $113.
by Trade-Lean
1
SOL can ascend further! BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
2
🚀🔍 SOL Long Trade Analysis 🔒💼Trade Overview: SOL appears promising for a spot long trade, being one of the fastest Layer 1 blockchain platforms. Its performance potential during the current bullish market phase is notable. Trade Setup: Entry: Consider entering the trade around $141. Take Profit: Aim for profit targets at $160 - $170 and the next resistance area at $200 - $220. Stop Loss: Place the stop loss just below $135 to manage risk effectively. 📊🔐 Exercise diligence and monitor SOL's price movement for trade execution! #SOLTrading #CryptoAnalysis 📈🌐
Long
by Richtv_official
SOL/USDT Break alert!! Potential continue upward after retesting💎 Paradisers, #SOL is indeed a coin worthy of close observation. 💎 Its successful breakout from the descending resistance is a bullish signal for SOLANA. However, there's a potential for price retracement to the demand area around $145 before resuming its upward trajectory. 💎 Confirmation of further bullish movement would require SOL to breach the bearish OB area at $176.35, potentially leading to a retest of our target strong resistance area. 💎 Should SOL fail to bounce from the demand area and instead break below it, this could indicate a continuation of the downward trend, with the next significant level of support lying in the $124 - $117 range. 💎 If SOL reaches the key support area in the future, it becomes crucial for the price to bounce from this level, as it represents a critical support zone. Failure to do so could lead to further downward momentum, confirming bearish sentiment and potentially pushing the price even lower. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
Solana (SOL) Finds Support, Eyes Return to $203 The cryptocurrency market has seen its share of volatility recently, and Solana (SOL) has been no exception. However, when we zoom out and take a look at the weekly timeframe, a clearer picture emerges. This article dives into SOL's recent price action and explores the potential for its next move. Solid Support at $149 A crucial observation from the weekly chart is the strong support level established at $149. Despite price fluctuations, SOL has managed to hold above this key area, even during periods where the price dipped momentarily below. This indicates significant buying pressure at this level, suggesting that many market participants view $149 as an attractive entry point. Range Bound The consistent bounce off the $149 support has led to the formation of a range between this level and $203. This price range reflects a period of consolidation, where buyers and sellers are temporarily reaching an equilibrium. The price action within this range suggests some indecision in the market, with neither bulls nor bears able to exert dominance. Looking Ahead: Potential Move to the Upside Given the presence of the established support level at $149, and the recent price holding within the defined range, there's a possibility that SOL might attempt a move back towards the upper range boundary of $203 in the coming days or weeks. This potential upswing could be fueled by several factors: • Increased Buying Pressure: If more buyers are attracted to SOL, particularly at current levels, it could push the price higher. This buying pressure could stem from renewed confidence in the Solana project, positive news developments, or simply technical factors related to the range itself. • Short Squeeze: If a significant number of traders are currently shorting SOL (i.e., betting on the price to decrease), a sudden shift in sentiment could lead to a short squeeze. This occurs when shorts are forced to buy back SOL to cover their positions, which can drive the price up rapidly. • Overall Market Sentiment: The broader cryptocurrency market sentiment also plays a role in SOL's price movement. If the overall market sentiment turns bullish, it could lift all cryptocurrencies, including SOL. Important Caveats While the potential for a move towards $203 exists, it's important to consider some factors that could prevent this from happening: • Failure to Hold Support: If the price breaks decisively below the $149 support level, it could signal a bearish trend and lead to further price decline. • Negative News or Events: Any negative news surrounding the Solana project or the cryptocurrency market as a whole could dampen investor sentiment and hinder a price increase. • Resistance at $203: Even if SOL reaches $203, it might face resistance at this level. Overcoming this resistance would require sufficient buying pressure to push the price through. Conclusion Solana (SOL) has found support at $149 and is currently trading within a range between $149 and $203. The coming days and weeks could see SOL attempt to move back towards the upper end of this range, potentially reaching $203. However, several factors could influence this possibility, and close attention should be paid to market sentiment, news developments, and price action around the support and resistance levels. Disclaimer: This article is for informational purposes only and should not be considered financial advice. It's crucial to conduct your own research before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
Trading Ideas Results for March-AprilThis year I started sharing my analytical reviews and trading ideas since mid-March. I like using TradingView because here you can't edit or delete a published idea. Everything that has been published can be found and verified, which is not always possible on other platforms, for example, in Telegram channels where the administrator can adjust the statistics. It's time to summarize the interim results of trading ideas from mid-March to April 30. In this review, I will only consider short-term ideas on the daily and hourly timeframes. Medium-term ideas on the weekly and daily timeframes will be analyzed in a separate review. There were 4 short-term ideas. All of them are on the chart attached to this post. One for buying and three for selling. The results are also visible on the chart, and they are 100%, all targets were achieved. You can find more details about the ideas by following the links below (see related ideas). But was everything so good? Unfortunately, no, if we look more closely at how the price moved in each idea. For AVAX, the selling time was chosen perfectly. Without any drawdown (2%), the price reached the target: +29%. For ETH, I waited for the price to return to the range of 3200-3400 for buying, the drawdown after buying reached up to 3%, and the achieved target was +12%. For SOL, the idea was to sell, and the drawdown on the trade reached up to half of the target (4%), but then the target was achieved with a gain of +11%. For ORDI, a less favorable moment was chosen for selling compared to other ideas, resulting in a drawdown of 23%, which is comparable to the achieved final target of +24%. It is worth noting that ORDI's market capitalization is 15 times smaller than AVAX's. Could this be the difference? What is an acceptable drawdown percentage for you before the idea works out? Share your thoughts in the comments. By the way, as part of the educational article on March 31, I made a short-term forecast for OPUSDT. Interestingly, it also worked out. Without any drawdown, the target was achieved: +29%. I will publish the interim results of medium-term ideas in a separate review.
by AlexeyWolf
Analysis of BTC/USDT Weekly ChartThis analysis examines both the short-term and long-term trends for Bitcoin (BTC) against Tether (USDT) using the weekly chart. Short-Term Trend: Based on the current bearish sentiment, I believe there's a high possibility of BTC experiencing a further drop in the short term. A potential support level could be found around the intersection of the 21-week EMA (Exponential Moving Average) and the 38.20% Fibonacci retracement level (highlighted by the yellow circle on the chart). Long-Term Trend: Despite the short-term weakness, the overall trend remains bearish on the weekly timeframe. This is evidenced by the price being below major moving averages (10-week, 20-week, etc.) and the bearish Ichimoku Cloud... BUT Potential Long-Term Opportunity: If BTC finds support at the mentioned confluence zone (21-week EMA and 38.20% Fibonacci level), a potential long-term buying opportunity might emerge. In this scenario, the price could target a range between $80,000 minimum and potentially reach $100,000 initially, marking the completion of the third bullish wave. Additional Considerations: This analysis is based on technical indicators and should be combined with other factors like fundamental news and on-chain metrics for a more comprehensive understanding. Market conditions are dynamic, and these targets and support levels are estimates. Always practice proper risk management when trading. This version clarifies my analysis and it's just a possibility and not financial advice.
BYBIT:BTCUSD.P
by CryptoTraces
ICT Short setup / Ranging SOLUSDT👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Short setup in SOLUSDT for scalping, Please refer to the details Stop loss, Supply Zone(Sell Zone), TP 1 and TP2 for take profit. For more ideas, you are welcome to visit our profile in tradingview. If the price had hit the TP2 when you see this idea, please wait for next idea. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Short
by ICT_Trader_SB
1
📉 SOL Trading Plan 🚀Observation: SOL faced rejection at $160 and retraced to a supportive zone. Potential correlation with BTC's performance. Trade Setup: Entry: $126 - $140. Take Profit: $160 - $170 or $200 - $220. Stop Loss: Tight below $120 or BTC's $60,000 support loss. 🚨 Risk Management: Trade is against BTC's downtrend on higher time frames. Monitor BTC closely; any loss of support prompts trade exit. 📊 Strategy Rationale: Anticipate SOL's recovery if BTC maintains $60,000 - $61,500 support. Tight stop loss minimizes potential losses in uncertain market conditions. 📉🔍 Stay attentive to BTC's movements for trade adjustments! #SOLTrading #BTCAnalysis 📈🚀
Long
by Richtv_official