Analysis of SOLUSDT Perpetual Swap (30M - OKX)Analysis of SOLUSDT Perpetual Swap (30M - OKX)
1. Trend Analysis
Mid-Term Uptrend but Weakening:
Price is still above EMA 100 and EMA 200, indicating a broader uptrend.
However, price is facing rejection from EMA 20, and a Sell Signal has appeared, suggesting increased selling pressure.
Recent movements indicate a potential retracement (pullback) or short-term reversal.
Hitting Resistance and Potential Correction:
The price was rejected from the supply zone at 244.75 USDT, which acts as a key resistance level.
Now, the price is pulling back and testing the support zone at 236.28 - 233.67 USDT.
2. Key Resistance Levels
🔴 Major Resistance Zones:
241.77 - 244.75 USDT: A supply zone where price was previously rejected. A breakout above this level could signal continuation.
249.98 USDT (Stop-Loss Zone): If price breaks this level, it may confirm a breakout for further upside.
3. Key Support Levels
🟢 Key Support Levels to Watch:
236.28 USDT (TP1 / Fib 0.382): First support level. If price holds, a potential bounce could happen.
233.67 USDT (TP2 / Fib 0.500): If the first support breaks, this would be the next key level.
231.06 USDT (TP3 / Fib 0.618): A deeper retracement zone where buyers may step in.
228.72 - 225.12 USDT: A strong support area for a potential major rebound.
4. Risks & Concerns
⚠️ Potential Risks to Monitor:
If price breaks below 236.28 USDT, further downside is likely.
EMA 20 is acting as resistance, which could lead to more selling pressure.
Volume is still weak → If no strong buying volume appears, the price could continue to fall.
5. Trading Strategy
✅ Long Scenario (Buy Entry):
Entry: Wait for a bounce from 236.28 - 233.67 USDT support zone.
Target 1: 241.77 USDT (EMA 20 Resistance)
Target 2: 244.75 USDT (Supply Zone Retest)
Stop-Loss: Below 233.00 USDT
✅ Short Scenario (Sell Entry):
Entry: If price rebounds but fails to break 241.77 - 244.75 USDT.
Target 1: 236.28 USDT
Target 2: 231.06 USDT (Fib 0.618 Zone)
Stop-Loss: Above 245.00 USDT
6. Summary
📌 SOLUSDT is still in an uptrend but facing increasing selling pressure.
📌 Key support is at 236.28 - 233.67 USDT. A break below could lead to 231.06 - 228.72 USDT.
📌 Major resistance is at 241.77 - 244.75 USDT. A breakout above could signal further gains.
📌 Trading Strategy: Wait for a bounce at support or short if price gets rejected at resistance.
🔎 Recommendation:
Confirm price action before entering trades.
If volume remains weak, further consolidation or correction is likely.
💬 Would you like a deeper analysis on any specific aspect? 🚀📊
SOLUSDT.3S trade ideas
SOL/USDT 1H: Bulls vs Bears - Waiting for the Breakout Battle! SOL/USDT 1H Chart Analysis
🚀 Follow me on TradingView if you respect our charts 📈
Current Market Structure:
Price: $239.99, showing rejection at premium zone ($245).
Trend: Bearish after breaking previous swing low.
RSI: Hidden Bearish Divergence forming between price highs and RSI.
Smart Money Activity:
Accumulation: Likely happening at discount zone ($222-225).
Market Makers Intent: Distribution visible, suggesting potential downside to retest support.
Risk Assessment:
6/10: Mixed signals from current range.
Concerns:
RSI leaning bearish.
Price trapped between Fair Value Gap (FVG) zones.
Key Levels:
Resistance: $245 (premium zone).
Support: $222-225 (discount zone), critical level at $232.
Recommendation:
Wait for confirmation:
Break above $245 for long entries.
Break below $232 for short setups.
Avoid entering while price remains range-bound.
Market Maker Intent:
Distribution: Ongoing at current levels.
A move down to retest support is likely unless the range is decisively broken.
Patience is key here Wait for a clear breakout or breakdown to confirm the next move. 🚨
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SOL- Short trade 📊 SOL/USDT Educational Trade Setup
HIGH RISK TRADE
I’ve just entered this short trade for SOL/USDT based on the following setup:
Entry Point: $241.50
Stop Loss: Above $246
Target (TP1): $220
Why I Took This Trade
✅ Strong Supply Zone (Bearish OB):
The $245.00-$246.00 zone is a bearish order block where sellers have previously stepped in, rejecting further price advances. This provides a high-probability short opportunity.
✅ Bearish Momentum Indicators:
• EMA Rejection: The price has started to consolidate near resistance, with signs of potential rejection from this level.
• Ultimate RSI MTF Indicator: The RSI shows signs of bearish divergence, suggesting a possible reversal.
✅ Risk-to-Reward Opportunity:
The trade offers a favorable risk-to-reward ratio, targeting the lower bullish OB near $223.45 while keeping the stop-loss tight above $245.85.
Catalyst
• Sellers are likely to defend the bearish OB at $245.00-$246.00, resulting in a rejection and a move back toward the $223.45 bullish OB support.
• Current price action indicates waning bullish momentum, providing an ideal entry point for a short position.
📢 Disclaimer: This is not financial advice. Always do your own research before trading. Markets can be volatile, so only risk what you can afford to lose!
SOL - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count of Solana.
We dipped into our white Wave 2 support area as expected in our last Analysis.
We are looking for an impulsive bounce soon.
The white Wave 2 support area sits between the 0.5 FIB at 232.35 USD and the 0.886 FIB at 183.35 USD.
It is unclear if the correction is over yet as we can only count 3 waves down displayed in green.
We assume we are currently working on the 5th green Wave down which would finish the correction in pink Wave C.
We added some targets for the green Wave 5.
These targets sit at the 1 to 1 FIB at 220.15 USD, the 1.618 FIB at 205.41 USD, the 0.618 FIB at 213.54 USD and the 0.786 FIB at 205.26 USD.
After this correction finishes in either white Wave 2 or red Wave B we expect and impulsive move to the upside in either white Wave 3 or red Wave C.
Noteworthy is that the optimal target for pink Wave C sits at the 1 to 1 FIB at 203.79 USD which is in confluence with the the 1.618 FIB at 205.41 USD and the 0.786 FIB at 205.26 USD of the green Wave 5 that we expect.
Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.
Thanks for reading.
NO FINANCIAL ADVICE.
SOL - Struggling against BTCSol has showed some relative weakness against BTC. Most charts look the same and BTC has cleared the upper trendlines as new support while SOL has not.
These two orange trendlines I have drawn for SOL are very important for the mid term. (I have put white circles around the touchpoints of these trendlines).
Right now SOL is respecting its resistance trendline and still selling off. If we are to see a breakout above this trendline, we are likely to see a push to our upper trendline around $270. We should expect for the trendline to act as old support flipped into new resistance (at least for the short term) and will update this prediction as the market develops.
Skyrexio | Solana SOL Started CorrectionHello, Skyrexians!
Recently we told about the potential pump for BINANCE:SOLUSDT to $300 where price was $170. The main reason was the bullish reversal bar at the bottom of the wave 4. After that price reached almost $300 agains the entire crypto market. Will Solana continue pumping or it's over.
Looking at the time frame we can see that wave 5 has been potentially over. This fact is confirmed by the red dot on the Bullish/Bearish Reversal Bar Indicator . This is very strong bearish signal which tells us that Elliott waves cycle has been finished and asset is entering into correction phase. The first target for correction is $160 at 0.61 Fibonacci zone. There we will look at the price action again and make a decision if price will continue to go down or not.
Best regards,
Skyrexio Team
___________________________________________________________
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SOL / USDT: Approaching Trendline resistance - Breakout ahead ?SOL/USDT: Approaching Trendline Resistance – A Breakout on the Horizon?
SOL/USDT is gaining momentum 📈 as it approaches a critical trendline resistance level 📊. The price action suggests growing bullish pressure, setting the stage for a potential breakout 💥. If SOL manages to break above this key resistance, we could see a strong rally unfold 🚀. Stay alert and wait for confirmation before taking action.
Key Insights:
1️⃣ Trendline Resistance: SOL/USDT is nearing a significant trendline that has historically acted as a barrier. A breakout above this level could trigger a strong bullish continuation.
2️⃣ Volume Surge: A notable increase in trading volume during the breakout would confirm strong buyer interest 🔥.
3️⃣ Bullish Signals: Momentum indicators like RSI and MACD are showing strength ⚡, increasing the probability of an upward move.
How to Confirm the Breakout:
✔ Look for a 4H or daily candle close above the trendline to confirm the breakout 📍.
✔ A spike in volume at the breakout level would indicate strong buying momentum 📊.
✔ A successful retest of the broken resistance as support adds further credibility ✅.
✔ Be cautious of fake breakouts that may include wicks or sharp reversals ⚠️.
Risk Management Strategies:
🔒 Set stop-loss orders to protect against unexpected reversals.
🎯 Adjust position sizing based on your overall trading plan.
This analysis is for educational purposes only and not financial advice. Always DYOR 🔍 before making investment decisions. Stay prepared for the next big move in SOL!
Solana Nears $250 Resistance – Is $300 Within Reach?Solana (SOL) has surged 7% in the past 24 hours with a trading volume of $8.497 billion, adding to its impressive 23.16% gain over the last 30 days. With a YTD return of +24.16%, bullish sentiment around Solana continues to grow.
The long-term outlook for SOL remains optimistic as adoption and the launch of strong projects within the Solana ecosystem drive demand. Additionally, upgrades aimed at improving network congestion could further fuel its price surge.
However, the technicals present a mixed picture. On the daily timeframe, the Simple Moving Average (SMA) indicates bearish convergence, signaling increased selling pressure. At the same time, the RSI remains above the neutral point, hinting at resilience despite a recent negative crossover on the trendline.
Currently, SOL’s price is approaching a critical resistance level of $250. If it maintains support above $237.50, it could retest this resistance and aim for the next target at $270. Sustained bullish momentum could even push SOL toward the $300 mark.
On the flip side, failure to hold the $237.50 support level could see SOL dropping to $210, where the next significant support lies. For now, all eyes are on Solana as it approaches a pivotal moment in its price action.
Everything pointing towards $192 SOLNothing too fancy here—just straight facts. Solana wrapped up its overarching yellow structure a few days ago, sending a clear signal: it’s correction time, baby.
From there, we’ve been riding a big red bearish structure with a clear target of $192. And as if that wasn’t enough, Solana keeps delivering micro structures inside the move, handing us new shorting opportunities on a silver platter.
That said, don’t be tempted to jump into shorts right off the black correction level. You’ve heard me preach it before: let the market come to you. Solana has a habit of catching people off guard with its impulsive moves, and right now, we’ve just finished the violet structure without a proper correction. The untouched violet GKL is a major level to keep in mind, and that’s exactly where I’m positioning myself next.
Afraid of missing this short? Not a chance, and you shouldn’t be either. Opportunities are endless—patience wins the game.
Watch, wait, win.
SOL/USDT: The Road to ATHOn the daily chart (on the right), we tested two Breaker Blocks (BB) and bounced off them. This is the key zone I will focus on.
What we see on the 4H timeframe:
Liquidity remains below, from which a bounce upward is expected.
Above, there is an FVG that needs to be broken, followed by a rejection from above to continue the upward move.
Further up, there is liquidity that needs to be cleared, followed by a rejection from above and a push toward the ATH.
Strategy:
Following the order flow strategy: the price should make an inversion to confirm its upward movement.
SOL - Two Massive Longs Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL is currently approaching an interesting zone as it nears the upper bound of the channel and its previous all-time high.
🏹For SOL to enter the price discovery phase and reach new ATHs, a daily candle close above $260 is required.
On the other hand, if it retests the green structure and the lower trendline, it would present a massive opportunity to accumulate at a discounted rate.
For now, we wait! ⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Unhopeful Situation but Lovely CoinSolana without any doubt is one of future leader of crypto Market as like ether and ripple
We need to change our View to crypto Market,
We Will face altsession but in different way, which leader of Market will gain moneys from out of Market and marketcap will increase slowly But repeatedly,
So we will face a slow upward trend which will happen for valuable and most usable coins.
If cryptocurrency Market wants to be a part of financial Market needs to face regulation and its main goals which is best option for old financial system to use for their TransActions
At last the winner will be ecosystems