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Solusdtidea

SOLUSDT long idea from 4h supportHere is another idea for long on this pair. The price has been rejected by the daily resistance DR1 and it was pushed down hard a while ago. That was a good long opportunity as the price bounced really well. However, that bounce met the daily resistance DR1 again and it is again being pushed down by the daily resistance DR1. There is 4h support 4HS1 sitting below around 69.73-70.6 zone. I think the price will visit that zone and experience another bounce which will give an opportunity for a long trade. Therefore, lets grab this long trade in case price visits the support zone 4HS1.
Long
by angela_altair
SOLUSDT heading towards 100-125Another one with impressive movement in the last few months. The price has been moving upward for several weeks. Currently it is facing some pushback but there is nothing dramatic as of now. It looks like the price is headed towards the monthly resistance MR1 on the way up. That resistance zone is sitting around 100-125 area. I expect the price to pause or pullback once it reaches there. For smaller time frame trades, we will discuss them in separate posts.
Long
by angela_altair
SOL → Which Way Solana? Let's Answer That Question With a Chart.Solana is at a crucial decision point; fail to break resistance or rocket to the next level? Right now it's failing to get back into the bull channel, but hasn't yet broken to the downside. How do we trade this? If you're not already in a trade, wait to enter one! For a long, we need a test of Support at the 30EMA, or a break of the Previous Resistance line followed by a support test and confirmation. To short, we need a failed breakout attempt of Previous Resistance and preferably, a confirmation bear candle closing on or near its low below the 30EMA. Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit. Trade Idea Short Entry : $48.00 Stop Loss: $54.15 Take Profit: $35.70 Risk/Reward Ratio: 1:2 Long Entry : $73.00 Stop Loss: $107.00 Take Profit: $61.65 Risk/Reward Ratio: 1:3 Key Takeaways 1. Bull Channel, Bias to Long. 2. Bear Breakout, Watch for Sell Signal. 3. Still Above 30EMA, Watch for Support. 4. Do not Long until we break Previous Resistance. 5. RSI at 61.00, below Moving Average. Supports Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
1
SOL SOlANA Technical Analysis And Trade IdeaEngaging in a meticulous examination of Solana's charts uncovers a retracement pattern from its recent high, prominently evident on the 1D and 1W timeframes, we consider a further pullback. The pivotal consideration revolves around whether this retracement will escalate to a 1W entry point, or if there's a potential for a strategic entry at a 1D retracement level. Our video delves into the SOL analysis across these time frames, identifying two possible trade opportunities grounded in market structure, price dynamics, trend analysis, and other critical aspects of technical analysis. It's crucial to emphasize that the insights presented in this content are intended strictly for educational purposes and should not be interpreted as financial advice. Participating in the cryptocurrency market inherently carries a substantial level of risk, and as such, it is imperative to judiciously integrate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these dynamic markets.
Long
by tradingwithanthony