Solana short to $129.6I just opened a solana short position if anyone wants to follow along.
Roughly 3RR
Based on my analysis I think the market is gonna push to make a lower low soon and will likely fall to the $129.6 area and maybe lower but i might be a sleep so setting a hard target at that area so that Its likely to get hit.
I did not wait for any special type of entry confirmation here I think its high enough and my stop is at good invalidation point in a relatively safe area and good level. I don't expect much upside movement from here. This should be an attract area for other sellers to get in.
SOLUSDT.3S trade ideas
#SOL Crash like something never imagined. 60 $#SOL Crash like something never imagined. 60 $
260-270 is the pullback level where we can close our long positions. After that, a crash will come, whether due to War or Tariff hikes. But SOL can go below $60.
CRYPTO IS NOT SAFU NOW..
Previous SOL Trade FULL DONE.
Already Attached..
SOL Potential drops -55% to $131? Here’s WhyBINANCE:SOLUSDT might be forming another right shoulder of a W-bottom (light blue line). The target drop is around $131, which happens to be the mid-point (0.5) of the descending channel—a reasonable support level.
The first right shoulder has already formed, and its drop was exactly the same as the left shoulder—both at -47%.
However, the best-case scenario would be if it finds support at the upper boundary of the descending channel. Let's see if it can hold there.
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SOL High Selling Pressure ...Wait For PullBack For ShortSOL High Selling Pressure ...Wait For PullBack For Short..
When should we go long on Sol? It is likely to experience a pullback in Sol when BTC reaches 3355. Once BTC starts to drop from 3355, Sol will move upwards. This will be a chance to open a short position, and for those who have long positions, it will be time to close them.
BTCD Chart Attached..
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Technical Analysis for Solana (SOL)
Current Sentiment: Bearish
#### 1-Hour Timeframe Analysis:
Resistance Level: The price is currently facing strong resistance at the $200 mark, which has proven to be a significant barrier to upward movement.
- Support Levels: Key support levels to watch are at $184 and $180. A breakdown below these points could trigger further sell-offs.
Chart Pattern: A head-and-shoulders pattern has formed, indicating a potential reversal in price direction. This bearish pattern suggests that if the price breaks below the neckline, we could see a decline toward the support zone from around $155 to $160.
#### 1-Day Timeframe Analysis:
Longer-Term Outlook: The daily chart indicates that if the bearish momentum persists, the price may potentially retrace to the $135 to $140 range. Given its historical significance as a support zone, this level could serve as a strong buying opportunity.
Volume Analysis: Monitoring volume can provide insights into the strength of the current bearish trend. Increasing volume on a downward move would confirm bearish sentiment, while lower volumes could indicate a weakening trend.
#### Conclusion:
The current price action in Solana suggests a bearish outlook, especially with the formation of the head and shoulders pattern on the hourly chart. If the price breaks through key support levels, notably $184 and $180, it could lead to a test of the $155 to $160 area, potentially a longer-term plunge to $135 to $140.
Strategy:
- Consider short positions below $184 with protective stops above $200.
- Look for buy opportunities if the price reaches $135 to $160, ensuring risk management practices are in place.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always research and consult with a financial advisor before making trading decisions.
Happy trading, everyone! If you find this analysis helpful, please follow, share, and like for more updates. Stay tuned!
SOL USDT💰 #Solana (SOL/USDT) Analysis
Solana is currently approaching a major support zone around $120, which has historically acted as a strong level for price reversals. The current downtrend is likely a correction phase before a potential bullish recovery.
🔹 Key Observations:
Support Level: The $120 zone is a critical area where buyers could step in.
Bullish Recovery Expected: A bounce from this level could push SOL towards key resistance targets.
Potential Double Bottom Formation: If price reacts positively, we might see a reversal pattern forming.
🔹 Entry Strategy:
Primary Entry: Around $120 if price shows a bullish reaction.
Breakout Entry: Consider adding if price breaks above $222 for confirmation of a trend shift.
🔹 Target Levels:
T1: $222.90
Final Target: $316.01
📉 Risk Management:
Stop-loss below $110 to limit downside risk.
🚀 SOL could see a significant bounce if buyers defend the $120 area!
#Solana #Crypto #SOLUSDT #Trading 🚀
Solana (SOL/USDT) Analysis:
Solana (SOL/USDT) Analysis:
📊 Current Price: $140.87 (Down -12.13% in 24h)
🔍 Technical Analysis:
1. Short-Term Trend:
- Significant price correction
- Bearish short-term momentum
- Testing critical support levels
2. Key Levels:
- Support: $136.82
- Resistance: $161.61
- 24h Range: Low $136.82 - High $161.61
- All-Time High: $294.33
3. Market Indicators:
- Market Cap: $69.77B
- 24h Trading Volume: $8.63B
- Circulating Supply: 495.29M
- 1h Price Change: +2.61%
- 7d Price Change: -18.66%
🎯 Trading Recommendations:
- Strategy: Defensive, Wait-and-Watch
- Potential Entry: $138 - $142
- Stop Loss: $135
- Take Profit: $155
⚠️ Risk Management:
- Reduce exposure during high volatility
- Monitor memecoin ecosystem
- Watch for trend reversal signals
🔮 Market Outlook:
- Short-term bearish sentiment
- Potential consolidation phase
- Strong blockchain fundamentals
💡 Key Factors:
- Recent price correction
- Memecoin ecosystem activity
- Network performance and scalability
SOLUSDT: Preparing for a Breakout? Key Levels to Watch!Current Trend: #SOL is in a downtrend but is now testing a strong support zone, indicating a potential reversal.
Technical Outlook:
🔹 Support Zone: $158(Strong demand area)
🔹 Resistance Level: $175 (Breakout confirmation level)
🔹 4H Timeframe Analysis: #SOL is currently making a correction, and a breakout above the resistance level could trigger a strong bullish move.
Trading Plan:
🔹 Bullish Scenario: If #SOL breaks above the resistance, it could push toward new higher highs, targeting $270 and beyond.
🔹 Bearish Scenario: If it fails to break resistance, we may see another pullback to retest lower levels.
Key Insights:
🔹 #SOL remains a strong project with the potential to break its ATH in the long run.
🔹 Waiting for a clean breakout ensures we enter with proper risk management.
What’s Your View? Drop your thoughts in the comments!
🔹 Follow for More: Daily insights, trade setups, and market updates!
Solana SOL Is Crashing: End Of Memes Era!Hello, Skyrexians!
Recently when the BINANCE:SOLUSDT price was at $250 we warned you that it is going to reach $165 and after that we will see what will happen. Today we can see that price broke down this level and continue crashing. This is the bear market start for Solana, we have a proofs that it's enough for meme king.
Let's take a look at the weekly time frame. Here we can see the clear Elliott waves structure consists of 5 waves. Wave 2 hit exactly 0.61 Fibonacci, wave 4 - 0.38, like a textbook. At the very top we can see the bearish divergence on the Awesome Oscillator. This divergence is confirmed and tells us that wave 5 has been finished, we told you about it before Feb 3 dump.
The biggest bear market confirmation is the breakdown of support green area on Fractal Trend Detector , moreover the bars are red and it means that global bearish phase is in progress. Now we are struggling to point out any targets, expecting some bounce and the continuation of the dump below $100.
Best regards,
Skyrexio Team
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