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SOL Perpetual Futures Contract

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SOLUSD.P trade ideas

Update on Sol swingUnfortunately right after my large entry the market got crushed by a jobs report. This is a benefit of not using leverage, although this trade is on margin, my interest rate is low, and its spot only in an account that has buying power. Since this is a weekly chart we have to evaluate weekly candles, the daily got fairly bearish. This is also why you need a plan before you enter trades. My plan was to add if we see 190, so I am doing so. My target zone is the green circle, or around 350$ the last day of March. Note a bottoming stochastic RSI and a cooled off BBWP.
COINBASE:SOLUSDLong
by Apollo_21mil
The Case for Shorting SOLUSDT: Key ObservationsRecently, SOLUSDT has shown an impressive 28% recovery within just five days, but this level of volatility might signal a perfect setup for a short position. After analyzing the current conditions, here’s why I believe it’s time to consider shorting SOL: 1. High Volatility Signals Instability While a 28% recovery in just five days may seem like a bullish sign, such rapid movements often indicate market instability rather than sustainable growth. Volatility on this scale can quickly lead to corrections, as prices struggle to find support at higher levels. 2. Weak Trading Volumes Despite the sharp recovery, trading volumes remain weak. This suggests that the rally is not backed by strong buying momentum, which is critical for sustaining upward trends. Without sufficient volume, the market may struggle to push through key resistance levels. 3. Moving Averages (MA) Passed All key moving averages (MAs) have been surpassed during this recovery, but this doesn’t necessarily indicate strength. In many cases, sharp upward movements beyond MAs can lead to overextension, creating a natural pullback as traders take profits. 4. Upper Bollinger Band Breach The price has reached the upper Bollinger Band, a common indicator of overbought conditions. This typically signals limited upside potential and increases the likelihood of a pullback or correction. 5. Previous High Acting as Resistance The current price is testing a significant resistance level—the previous high. Historically, such levels act as strong barriers, especially in the absence of sufficient volume or momentum to break through. This resistance further strengthens the case for a potential reversal. Duration: This is a short-term trade. Shorting crypto is inherently risky, especially with a fundamentally strong asset like this. Target: The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $43.35 margin, resulting in a total position size of $1,083. Risk: This trade is classified as high risk, as shorting is always more dangerous than taking long positions. Proper risk management is essential.
BINANCE:SOLUSDShort
by themr-im
2
Why Solana is Worth Buying: A Quick AnalysisSolana has become a standout in the cryptocurrency market, offering an unmatched combination of speed, scalability, and low costs. Its blockchain processes thousands of transactions per second (TPS) with minimal fees, making it a go-to platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and innovative blockchain applications. From a trading perspective, Solana's strong technical foundation, rapid ecosystem growth, and active community support present an attractive investment opportunity. The platform's continuous updates and partnerships position it as a leader in the blockchain space. As adoption increases, Solana’s potential for price growth remains high, making it a solid choice for traders seeking long-term gains and participation in cutting-edge crypto technology. Tip: Keep an eye on key support and resistance levels in Solana's trading charts, as it often demonstrates strong momentum around major ecosystem announcements or updates.
COINBASE:SOLUSDLong
by SuzanneSpisak
Buy for investment, but not buy for tradingMy bias for Solana is extremely bullish and the current price is almost undervalued based on the fundamentals. Therefore, I bought some more Solana yesterday for investment, not trade. If you are interested in investing in Solana for the duration of this Bitcoin cycle, it is a good time to buy Solana.  But if you are interested in leverage trading,  I feel you need to wait a bit longer for the right set up to come up.  The below is my reasoning for not opening a trade: The price reached about $265 in late Nov 2024 and retraced to Fib 0.786 level and bounced up.  However, there was a big sell order sitting above $220 which is Fib 0.382/the previous week high.   I warned in my previous analysis there would be a possibility of another minor correction and that's exactly what happened.   Monday 13th Jan, along with Bitcoin, Solana showed a strong recovery off the descending  former resistance and now support line that had been developing over 10 months.   The price is now above the previous week's low, the previous month low and also above Fib 0.782.   The daily stochastic reached the oversold territory and now is rolling back up.   The 4H MACD is about to enter the bull territory.  There are definitely strong confluences that make me want to open a long position.  However,  there are a few issues that cannot be ignored  for a swing trade set up.   The most important and number one rule for me to open a trade is that MACD for a higher time frame needs to be sitting in the zone of my bias.  In short, if I want to go long in 4H time frame, the daily MACD needs to be in the bull zone (above 0).  Currently MACD is still below 0 and MACD lines are pointing downwards.  Therefore,  the bear is still in control.   I cannot trade,   Another issue is the 4H stochastics has already reached the overbought territory.  That means the bull is working but has also exhausted its strength for now.   I think Solana will start to move up strongly soon, but the price correction since Nov was quite deep.   Therefore, it will take a while for Solana to start a strong rally.  
COINBASE:SOLUSDLong
by EbonyFalcon
3
Solana (SOL/USD) – Bullish Technical Setup AnalysisPrice Action Recap: Strong bounce off the $180 support level confirms its critical role as a floor for Solana. The uptrend remains intact, with Solana forming higher lows and highs within an ascending channel. Recent pullbacks showed strong buying interest at the lower trendline, suggesting dominance by the bulls. Key Levels to Watch: Support Zone: $180: A crucial level that has held multiple times, acting as a floor for the price. A strong bounce here indicates continued bullish momentum. Break below $180: If this support fails, the bullish outlook would be in jeopardy, and the price could shift to retest lower levels. Resistance Zones: $220-$230: First target zone, aligning with previous highs, where the price could face some resistance. $250: Potential extension zone, derived from the measured move of the ascending channel, if the uptrend continues unabated. Market Implications: Bullish Continuation: If Solana continues to hold above $180 and momentum persists, there’s potential for a continued rally toward the $220-$250 range. Bearish Scenario: A break below $180 would require a reassessment of the bullish outlook and could prompt a deeper correction, testing lower support levels. Outlook: Bullish Scenario: Solana could move toward the $220-$230 range, and with sustained momentum, may reach $250. Bearish Scenario: A loss of $180 would shift the outlook to a more neutral or bearish stance, and potential downside targets could be below this support zone. Conclusion: Solana's uptrend remains strong, supported by $180. The $220-$230 zone is the next key resistance area. A break above this would confirm the continuation of bullish momentum, while a break below $180 would require caution and re-evaluation of the market dynamics.
COINBASE:SOLUSD
by Richtv_official
Solana (SOL): Bulls Eyeing Key Breakout Levels🔥 Solana’s Strategy: 🩸 Long: Above $191.28, targeting $212.92. Breakout above $195.38 is key for continuation. 🩸 Short: Below $183.27, aiming for $175.00. If price breaks below key support, prepare for a possible deeper decline. 🔥 Solana’s Commands: 🩸 Resistance: $195.38 — Break above this level would signal a potential continuation to the upside. 🩸 Support: $183.27 — If breached, expect a continuation to $175.00. Market Context: Solana has been consolidating and recently experienced a strong push above $190, signaling potential for further upside. However, the price remains below significant resistance levels at $195.38. If this level is broken, Solana could aim for $212.92. Watch closely for any downside risk if the support at $183.27 fails. 👑 “In a market of hesitation, the only thing that separates success from failure is action.” — FinCaesar
CRYPTO:SOLUSD
by FinCaesar
$SOLUSDT LONG AGAINWell, this is quite interesting. Two successful SOL trades, and now I’m ready to try for the third. We’re back in the game! During the night, we saw a nice correction, and it’s a good time to note that the underlying narratives haven’t changed. Let’s stick to the same strategy as before: Duration: This trade can be either short-term or long-term, depending on your goals. You could also consider entering as an investor in the SOL ecosystem, which allows you to average down costs in case the trade doesn’t go as planned. The key here is to monitor funding rates, especially if you’re planning to hold for a longer period. Target: The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $37 margin, creating a total position size of $950. Risk: This trade is classified as medium risk, particularly if you’re ready to use dollar-cost averaging (DCA) to manage the position. This time, I’ve added an extra layer of caution by limiting potential losses to 60% of the deposit.
BINANCE:SOLUSDLong
by themr-im
1
SOL is aggressively coiling up, 300 USD Solana imminentSolana is being suppressed and it is getting angry. Some major shorts are keeping its price low while big spot buying is ongoing. Shorts were supposed to hold SOL price low or even flush it lower, yet something is not working out for the big forces shorting SOL as it is still in the long-term ascending channel. Any hour now, SOL is likely to break out violently and we will very soon see 300 dollars per SOL. It is always scary to be bullish after a huge leg up SOL has recently done, but it seems for many SOL has validated its thesis that it may overtake ETH and we may have a corresponding mark-up for SOL price. SOL at the marketcap of ETH would be 820 dollars. Make of that what you will, but the confuluence of TA, FA, momentum and metrics are a massive confluence.
COINBASE:SOLUSDLong
by Goldsworth
Solana's Pump fun Deposits $28M SOL Amid Class Action LawsuitSolana ( CRYPTOCAP:SOL ), a high-performance blockchain network, has found itself in the spotlight once again, thanks to its association with Pump.fun—a Solana-based meme coin launchpad. Pump.fun’s recent activities, including significant deposits and a federal class action lawsuit, have spurred discussions around Solana’s price movements and market outlook. This article explores the technical and fundamental aspects of Solana’s current state. Pump.fun’s Controversial Operations and Solana Deposits Pump.fun, a leading player in the Solana ecosystem, has facilitated the creation of over six million tokens. According to Lookonchain, Pump.fun recently deposited 116,055 SOL (valued at $28 million) to Kraken, bringing its total deposits to 1,901,332 SOL, worth approximately $386.8 million. These transactions, coupled with $41.64 million in USDC generated from SOL sales, highlight Pump.fun’s substantial influence within the Solana network. However, Pump.fun is under fire due to a class action lawsuit filed by Burwick Law and Wolf Popper LLP. The lawsuit alleges that Pump.fun engaged in exploitative practices, including issuing volatile and unregistered tokens, and promoting hate speech on its platform. The legal scrutiny intensifies as reports reveal that Pump.fun earned $572 million in fees, yet only 0.41% of its wallets achieved profits exceeding $10,000. Critics argue that the platform disproportionately benefits a select few, while the majority of users incur losses. Technical Analysis of Solana’s Price Movement Despite the controversy surrounding Pump.fun, Solana’s price has demonstrated resilience. Currently trading within the $230–$250 range, Solana’s price action is consolidating after reaching a high of $290. This consolidation phase is pivotal, as it sets the stage for the next significant price movement. Key Technical Indicators: 1. Support and Resistance Levels: - Immediate support: $216 - Immediate resistance: $260 and $290 - A breakout above $290 could propel Solana’s price to $360, aligning with bullish projections. 2. Relative Strength Index (RSI): - RSI stands at 58, indicating moderate bullish momentum. - The RSI suggests that Solana is not overbought, leaving room for further price appreciation. 3. Chaikin Money Flow (CMF): - CMF value: +0.05, reflecting sustained capital inflows. - Positive CMF values indicate strong investor confidence and potential for further gains. Fundamental Outlook for Solana Solana’s ecosystem remains robust despite the challenges posed by Pump.fun’s legal issues. The blockchain’s high throughput and low transaction costs continue to attract developers and users alike. Pump.fun’s significant transactions underscore Solana’s role as a preferred network for large-scale operations, albeit with controversies. The ongoing lawsuit against Pump.fun could have mixed implications for Solana. On one hand, increased scrutiny may tarnish its reputation temporarily. On the other hand, resolving these issues could lead to greater transparency and trust in the network. Market Sentiment and Price Outlook Solana’s current consolidation suggests that the market is waiting for a catalyst to determine the next trend. The following scenarios could influence its price trajectory: 1. Bullish Scenario: - A breakout above $290 could lead to a rally toward $360, driven by continued capital inflows and bullish sentiment. - Positive developments in the Pump.fun lawsuit could restore investor confidence. 2. Bearish Scenario: - Failure to hold the $216 support level could result in a retracement to lower levels. - Prolonged legal issues or adverse outcomes for Pump.fun could dampen market sentiment. Conclusion Solana’s association with Pump.fun has placed it under the microscope, but the blockchain’s technical and fundamental strengths remain intact. While the legal challenges surrounding Pump.fun add an element of uncertainty, Solana’s price action indicates potential for a breakout, provided it overcomes key resistance levels. Investors should closely monitor developments in the Pump.fun lawsuit and Solana’s price movements. With its RSI signaling moderate bullish momentum and CMF values pointing to sustained capital inflows, Solana is well-positioned for a potential rally. However, caution is warranted, as external factors could influence its trajectory in the short term.
COINBASE:SOLUSDLong
by DEXWireNews
Testing the Hypothesis Again: High Risk, High Stakes SOLUSDCPrevious Trade Reflection The previous trade didn’t go as planned, and the loss serves as a reminder of the heavy impact fundamentals can have on the market. Short positions, in particular, carry significant risks, and this was no exception. Failure is always a possibility, and that’s part of the trading journey. Trump’s Memecoin Hype Donald Trump recently launched his own memecoin, and the hype surrounding it boosted Solana’s ecosystem significantly, as the memecoin operates on Solana. While this is great news for the ecosystem and technology, it unfortunately didn’t align well with my particular trading setup. Testing the Hypothesis Again Despite the challenges, I’m revisiting this trade with caution. The price has spiked significantly, which makes it highly risky, but I currently have no other trade setups on my radar. This is a test of conviction and adaptability, and while the risk is sky-high, the potential for learning—and possibly profit—makes it worth the effort. As always, proper risk management will be key here. Let’s see how this unfolds. Risk Warning: This trade is extremely high-risk. Please approach with caution and always consider your risk tolerance before entering similar setups.
BINANCE:SOLUSDShort
by themr-im
Solana Box Part III: The Demand for the RetestThis is Part III of the Solana BOX trade (check previously posted 2 parts about the solana box, both of which reached the targets successfully). Unlike many other coins (ETH) we are short on, SOL has shown solid strength (quick recovery during dumps) and thus we believe it is on a more negative path here. However The Box requires a retest (after all SOL did wick out of it) We show two scenarios for a potential retest, believing the orange one is more likely: i.e. a 189-190 dollar target and then head upwards from there, leaving the box forever. Let's see.
COINBASE:SOLUSDLong
by Goldsworth