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SOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap Contract

SOL / US Dollar Perpetual Quanto Swap Contract

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SOLUSD.P trade ideas

Pressurized At $80, Will SOL Price Fall To $50?Pullback at $120 Mark: SOL's bullish reversal pauses, hinting at a short-term pullback. Possible Bounce Back Scenario: Declining trading volume suggests a potential rebound if buyers maintain strength at around $90. Risk of a Significant Drop: A breakdown below the 50-day EMA could trigger a 30% price drop to approximately $66. Bearish Breakdown Warning: SOL faces a critical downturn as it slips below the $100 level. Fibonacci Level Test: SOL currently testing the 38.20% Fibonacci level at around $82. Liquidation of Long Positions: A significant amount of SOL long positions liquidated, indicating bearish sentiment. Technical Indicator - MACD: The MACD shows a bearish trend, with increasing bearish momentum. Crucial Support Levels Under Pressure: The $80 mark emerges as a critical support level, possibly providing an entry point for buyers. Downside Risks: A fall below $80 could intensify the sell-off, pushing SOL towards $66. Bear Market Impact on SOL: The current market trend questions SOL's recovery potential in 2024. Impact of Overall Market Sentiment: The broader crypto market downturn affects Solana's price trajectory. Watching Key Technical Levels: The SOL price movement near key support and resistance levels will be critical in determining its future direction.
COINBASE:SOLUSD
by Coinpedia-Market-Insight
Sol lessons learnedAfter calling the Sol top I thought I could catch a quick compression and upward breakout before a deadcat. Boy was I wrong, the trend is your friend, and the trend was bearish. When Total3 and Bitcoin / coin stock started reversing the entire market should have been obviously bearish. This is exactly why I do not trade leveraged futures for crypto. I also rarely trade things I do not want to own long-term, this allows me to sit in my spot or stake and chill while I plan my next move. I share these charts because I do sometimes add to positions heavily on strongly favored setups, or I will shorter term trade sections of the tokens to build up stablecoin reserves.
COINBASE:SOLUSDShort
by Apollo_21mil
SOLUSD Bearish chart patternCOINBASE:SOLUSD 📉 Solana Analysis: Descending Triangle Alert! 🚨💔 Hey Solana traders! 🌐📉 Ready for a deep dive into the charts? Let's unravel the current Solana scenario. 🕵️‍♂️💹 📉 Descending Triangle: 🐻 Brace yourselves – we're in a descending triangle, a bearish chart pattern signaling potential downward pressure. 📉🔻 🧐 Bollinger Band Indicator: Trending below the middle Bollinger Band, a bearish signal that could suggest further downside. 📊📉 🎯 Fibonacci Analysis: Fibonacci doesn't lie! A potential price target of $62 is on the radar, with rejections in the golden pocket indicating a crucial resistance zone. 🎯💰 📉 200-Day EMA: Eyes on the 200-Day Exponential Moving Average (EMA) – a key indicator that could influence the overall trend. 📉📈 🤔 What's Next?: As we navigate these chart patterns, share your thoughts! What's your take on Solana's potential moves? Let's discuss strategies and insights. 💬🚀 Remember, this isn't financial advice – just chart analysis in the crypto jungle. 🌐🔍 Comment below with your Solana predictions and let's trade smart! 🚀📈 #SolanaAnalysis #CryptoCharts
BINANCE:SOLUSDShort
by MasterChef23
2
Short term swings on SOLFrom a retail perspective, shopping around the current price of SOL is still way too high for me. I'm waiting for some support ranges to swing trades in the next couple of weeks. Support range: $85.62 and $65 Margin/Risk: 1.5% of the portfolio My plan this weekend is to wait and chill until it hits these supports and wait until the RSI reset. If it hits lower than those support ranges mentioned above, a 50% retracement from the current higher high (aka $120) is a bonus for me. Disclaimer: NFA. Let's wait and see!
COINBASE:SOLUSDLong
by hchau2k19
2
$SOLUSD to deliver a sALT season?COINBASE:SOLUSD is in an interesting spot here. I like the $80 level below as there is a ton of liquidity there but I have this sneaking suspicion that if we were going to run for it it would've happend on Friday with the BITSTAMP:BTCUSD sell off from ETF fears. I would expect reclaiming $100 would accelerate the sALT season. $137 would be the target. Invalidation is a close below $88 and I would be looking for levels below for support.
COINBASE:SOLUSDLong
by forclout
1
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same. What do we see? (follow the steps) 1) The high that set the downtrend. 2) Price wicking in the daily FVG that will serve as our base ('support'). 3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too. 4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure). 5) The expected dump where BTC does too. Hopefully you enjoyed this short analysis and I wish you a lovely day! Happy trading!! ;)
BINANCE:SOLUSDShort
by Lexi_Is_Trading
SOL Price Analysis: Facing a Crucial JunctionSolana's bullish momentum faces resistance at $120, hinting at a possible pullback. A noticeable drop in trading volume suggests potential for a bounce if buyers maintain control around the $90 level. SOL's struggle to stay above $100 may lead to increased selling pressure and deeper market corrections. Technical indicators reveal a 20% decline in recent weeks, with bearish signals dominating. Current trade at $93.87, coupled with a 7.58% overnight drop, puts Solana at a critical juncture. A 437% rise in SOL price over 10 weeks shows bullish fatigue as the coin approaches key resistance levels. The potential breakdown below the 50-day EMA at $87.60 could trigger a 30% fall to $66. A decline in weekly trading volume aligns with the pullback, suggesting a weaker selling trend. The daily MACD trend indicates a possible continuation of the downward movement towards the zero line. If Solana overcomes current challenges, a rebound above $100 may set the stage for a rally to $125. Key support and resistance levels at $90 and $100 will play a decisive role in SOL's immediate future. Market sentiment remains cautiously optimistic, aligning with predictions of an overall bullish trajectory for Solana in 2024.
COINBASE:SOLUSDLong
by Coinpedia-Market-Insight
Solana (SOLUSD): Potential Completion of a 5-Wave Cycle! The current chart analysis suggests that Solana might be nearing the completion of a fascinating 5-wave cycle. An anticipated correction for the second wave (2) is expected to fall within the range of 38.2% to 61.8%. The minimum target for the subsequent Wave 3 is set at $273, indicating a potential increase of nearly 240%. It is advisable to continue monitoring developments and consider risk management strategies. 🚀📈
CRYPTO:SOLUSDLong
by stromm_by_wmc
Solana Long Entry using ChannelsSolana is in a triangle between 2 channels, approaching the Apex! It could break either way! Solana could be in a wave 4 of 3 retracement which could last two months from when it started on Christmas at noon if it's length can bet determined by the wave 2, which lasted from July 13th 2023, to Sep 11th 2023 (59 days 20 hours) or we could just be in a calm between two storms! Hard to tell, but the risk / reward on this seems reasonable. To wait for the break, or to not wait for the break? That is the question! You decide! If Solana breaks up, this could be a likely target using Channels, otherwise if it breaks down, probably another month and a half of downward trend to some larger Fib support ($74 - 0.238 fib and $53 - 0.382 fib) Entry: ~$100 (around) Exit: $180 (around the top of channel) Warning Stop: $90-$92 (Somewhere below the Triangle Bottom, but this could be a fakeout and good entry also) Hard Stop: $84.50 (Slightly below the Jan 3rd Low from the Dump, it's definitely going down if it crosses this) Good Luck and God Bless!
COINBASE:SOLUSDLong
by Pouncer626
✴️ Solana Headed Toward $33.3?Within just a few days, Solana will no longer trade near the $100 price range. Good evening my fellow Cryptocurrency trader, let's look into Solana today. It's been 23 days since Solana peaked and ended a massive 1,477% bullish wave, wow... But after strong growth comes a strong correction, no doubt about it! Going back to the beginning, the $100 price tag is a nice one, a great one but one that will have to wait until late 2024, future days. This was just a preview, a taste of the next bull-market; Looks pretty nice, it was great but it should be even better after this standard correction takes place. End target? No, I would say close to $33 looks solid and strong. ➖ This price tag matches the 0.786 Fib. retracement level for the entire wave from December 2022 through December 2023. ➖ This price tag also matches the peak price hit by SOLUSDT in July 2023. But normally, these levels are pierced, for a few days or in the least on a wick. Before we go that far down we have to make a few stops. The 80s and 70s will go easy, but not the 50s, we should see a small bounce around 52, 53, 55... Around 50. Then another drop towards 44 and the final bearish impulse to complete the correction that will lead to a new accumulation phase before the market turns. So drop, crash, pierce, push down then stop. Accumulation followed by a bullish breakout and finally long-term growth. 2023 was the recovery year, the preview, deleting the bad vibes of the bear market but not the true moment for Cryptocurrency to shine. Cryptocurrency will shine after Q2 2024 and the first half of 2025 . This is good news... We have plenty of time to prepare for what is up ahead for us. We have the opportunity to achieve financial freedom, if we take the time now to study, plan and prepare... Invest time in yourself; Opportunities are endless but they cycle in and out, if you miss one you will have to wait for the next one. Namaste.
CRYPTO:SOLUSDShort
by AlanSantana
31
LFG!SOL's chart is showcasing a thrilling performance, breaking through resistance with conviction on its third rally. The momentum aligns with earlier speculations of a surge toward the $750 mark. The technical indicators are in favor: RSI is showing room for growth before hitting overbought levels, and the MACD maintains a bullish crossover. This continued upward push suggests SOL is not only strong but could potentially reach and exceed expectations. Investors are likely to watch closely as SOL tests these levels, with the $750 target now seeming more realistic than ever.
COINBASE:SOLUSDLong
by Crypto_Vantage
SOLANA : BULLISH BREAKOUT TO COME- As for all cryptocurrencies, SOLANA has experienced a bullish rally since October 2023. The medium-term trend is therefore clearly bullish. - Since the end of December 2023, the market has been in a consolidation phase in the shape of a symmetrical triangle, generally perceived as a trend continuation pattern. The two long exponential moving averages are still in a bullish configuration, supporting the market. The RSI has even already announced the resumption of the rise by displaying a bullish break-out of its bearish trend line. - This situation is seen as bullish for SOLANA. Even if prices have still not broken out of their downward trend line, the presence of a trend continuation pattern makes it possible to envisage a resumption of the underlying bullish trend. Furthermore, the break-out anticipated by the RSI also allows us to consider that the bearish correction is now over. The next targets may be at $104.60, $114 then $122.85 and higher by extension.
COINBASE:SOLUSDLong
by ActivTrades
1