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SOLUSDT.3S trade ideas

SOL/USDT Trading Scenario UpdateThe overall negative sentiment in the altcoin market, along with the beginning of the FTX customer repayment process, is putting downward pressure on the price of Solana (SOL). Currently, the asset's value has declined by more than 45% from its local peak and has dropped below the 300-day moving average. From a volume profile perspective, market participants' interest in SOL remains high within the current broad price range. At its current price level, the asset appears attractive for long-term investments.
by Rick_SimpleSwap
SOLANA: $1,000 Incoming?This chart shows how Solana (SOL) follows market cycles, long periods of low prices (accumulation) before big price spikes (breakouts). - We’re in a similar phase to 2021, just before SOL’s last huge rally. - $500 and $750 are key resistance levels—breaking them could send SOL much higher. - Alt & Meme Season matters—when memes pump, demand for SOL rises. - Bitcoin’s bull run is key, when BTC moves up again, SOL will likely follow fast. - Price could rise quickly past $1,000 once key levels break.
Long
by DanLucro
Solana Market Analysis according to current market ( SOL ) Timeframe: 4 Hours As observed over the past few days, Solana has experienced a significant downward move, which was expected. If you look at the chart, a pennant pattern had formed, which was squeezing and eventually broke to the downside. This breakdown led to a complete fulfillment of the supply zone, with Solana’s price moving toward the 155–165 range, which acted as a strong order block and support zone. This move confirms two key points: Strong Order Block: The 155–165 zone is a robust support area and order block. BTC Correlation: Bitcoin has also been moving toward its strong support zone (89k–92k), which aligns with Solana’s price action. Two Possible Scenarios for Solana Scenario 1: Demand Creation at Current Levels (Higher Probability) Solana is likely to create demand from its current levels, with two strong zones to watch: $195 Zone: A key level where demand could materialize. $230 Zone: A secondary target if the price gains momentum. This is the more probable scenario, where Solana stabilizes and creates demand, either at 195 or 230, leading to a potential upward move. Scenario 2: Further Downside (If BTC Breaks Support) If Bitcoin breaks its strong support zone (89k–92k), which seems increasingly likely, Solana could experience another significant downward move. In this case, Solana might break below the 150–140 range, leading to a further decline. This would mirror the previous supply-driven move, potentially taking Solana much lower. Summary Current Support Zone: Solana has found support in the 155–165 range, which is a strong order block. Scenario 1 (Higher Probability):Demand creation at 195 or 230, leading to an upward move. Scenario 2 (If BTC Breaks Support): Further downside, potentially breaking the 150–140 range. Note My goal is to simplify the chart and help you understand the price action clearly. I avoid overloading the chart with unnecessary indicators or creating confusion. My analysis focuses on keeping the chart clean and straightforward. Thank you!
Long
by The_Chartist30
Phemex Analysis $60: How to Trade SOL Amidst the FTX UnlockThe FTX’s decision to unlock 11.2 million SOL tokens (worth around $2 billion) at March 1st has sent shockwaves through the market. Fear of a potential sell-off has triggered panic among investors, leading to a sharp decline in SOL’s price from $200 to the $160 area. With uncertainty in the air, traders are now asking: Will SOL continue its downward spiral, consolidate, or stage a strong comeback? In this analysis, we’ll explore three possible scenarios and how to trade them like a pro. Possible Scenarios 1. Continued Downward Trend – More Selling Pressure Ahead? Currently, SOL has dropped into the $165-$155 support zone, but if fear continues to dominate and selling pressure increases, further downside is possible. Key support levels to watch: • $135-$126 – A critical demand zone where buyers may step in. • $110 – A strong historical support level that could serve as a bottom. For long-term investors, this could be an opportunity to accumulate SOL at a discounted price. However, for those who entered near $200, this scenario is less favorable. Pro Tips: • Use scaled orders to gradually enter the market instead of going all-in at once. • Set limit buy orders around key support zones to secure an optimal entry. • Monitor volume and Relative Strength Index (RSI)—if SOL becomes oversold on high volume, it could signal a potential reversal. 2. Bouncing Between $155 & $210 – A Range-Bound Market While some traders fear a deeper decline, institutional buyers and long-term holders may step in to absorb the selling pressure. This could lead to a sideways trading range between strong support at $155 and resistance at $210. Pro Tips: • Use grid trading bots to capitalize on price swings: • Start a long grid bot near the $155 support level to profit from rebounds. • Start a short grid bot near the $210 resistance level to take advantage of pullbacks. • If SOL repeatedly tests $210 but fails to break through, consider taking partial profits. • Stay cautious—if the $155 support fails, be ready to adjust strategy for a deeper correction. 3. Breakout Rally – A Surprise Upside Move? While less likely, a major bullish catalyst—such as the approval of a Solana ETF—could spark a breakout. If SOL gains regulatory or institutional backing, it may defy expectations and surge past resistance levels. Pro Tips: • Watch for a breakout above $210 with strong volume—this could signal a move toward $250+. • Consider momentum trading strategies, setting stop-loss orders below $200 to manage risk. • Stay updated on ETF-related news and broader crypto sentiment. Final Thoughts All eyes are on March 1st, when FTX’s SOL unlock event could bring heightened volatility. Whether SOL drops further, consolidates, or stages a breakout, traders need to stay alert and adjust their strategies accordingly. • For bulls: Look for accumulation zones and wait for a confirmed reversal. • For range traders: Take advantage of price swings between support and resistance. • For breakout traders: Keep an eye on volume and fundamental catalysts. No matter which scenario plays out, staying disciplined, managing risk, and reacting to market conditions is key to trading SOL like a pro. 🚀 How are you planning to trade SOL during this event? Drop your thoughts below! 🚀 Pro Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
1
Lingrid | SOLUSDT monthly Low FALSE Break. Potential BUYThe price perfectly fulfilled my previous idea. The market has reached the January low, as I predicted in my previous post. It has also almost touched the November low. I believe the market might bounce off the support level around the 150 level, a significant psychological level, and then move higher. Before the recent drop, the price formed a triangle pattern, which on the weekly timeframe looks like a potential fakey pattern. This pattern suggests a reversal. If the price closes above 175 at the end of this week, there is a high probability of the market moving to higher levels. I expect some consolidation at this support zone before a further upward movement, especially given the fake breakout of the previous month's low. My goal is resistance zone around 200 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
13
SOLUSDT - Long Trade IdeaTrade Details: Entry : Buy at the current market price or place a buy limit at $160 Stop Loss : $152 Take Profit : Reason for Trade: SOL is showing strong bullish momentum and trading near a key support level. Potential rebound from the demand zone around $160. Favorable risk-to-reward setup with a tight stop-loss. Disclaimer : This trade plan is for educational purposes only and not financial advice. Always conduct your own research and risk management before trading.
Long
by Unknown_Trader007