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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

SOLUSDT is demonstrating strong bullish ✉️ Pair: SOLUSDT 📈 Direction: Long 💯 Leverage: Max 20X 📊 Buy Level: Above $188 ✋ Stop Loss: Below $165 ✅ Target 1: $200 ✅ Target 2: $215 ✅ Target 3: $230 ✅ Target 4: $260 SOLUSDT is demonstrating strong bullish momentum, advancing towards its all-time high (ATH) after recently breaking through key resistance levels. The current trajectory suggests a potential significant increase that could surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to protect your investments against unexpected market fluctuations. Manage your risk – never trade with more than 1% of your capital on a single trade. DONT FORGET TO BOOST US
Long
by clasaicrypto
Always choose bullish tokens to go long----SOLAfter BTC failed to stand above 70000, it did not fall much. The bulls seemed to intend to gather strength again to attack the 70000. The FOMC will be announced today. Although the market does not expect the FOMC to cut interest rates this time, time is passing and the best news is the absence of bad news. Employment data for July will be released on Friday. Yes, this is a great opportunity for BTC. However, Altcoins do not want to take this risk. Most Altcoins are waiting for BTC to reach the target before taking action. Hah, you know why. Therefore, in the current environment, tokens that are still rising or maintaining fluctuation are good choices for trading, and and are less likely to be manipulated. So, a month after the last article was published, SOL became the subject of our discussion again. At the 4h level, SOL prompted a BUY signal on July 15 and started a new rise after that. After the SOL hit 190 yesterday, it started to pull back, the wavy area came into play again, preventing further declines. The bullish trend in SOL is currently performing well. If you are an investor with a low risk appetite, always choose a bullish token to go long, or a bearish token to go short. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
SOL SHORT Building upAnalysis: Market Structure Shift (MSS): Awaiting confirmation below 187.52 for entry trigger 🛑 Fair Value Gap (FVG): Identified on the 4H chart (shaded grey area) 📊 Price Action: Bearish momentum expected to continue 📉 🎯 Entry: Below 187.52 on confirmation 🛡️ Stop Loss: Above 194.00 🏆 Take Profit: Targeting 176.80 🎯 📅 Time Frame: 4H Chart ⏰ 🔔 Trade Plan: Wait for a close below 187.52 for entry confirmation. Set stop loss above the resistance at 194.00 to protect against potential reversals. Aim for the take profit target at 176.80, where significant support is expected.
Short
by SerenityEquity
#SOL BEARISH BAT PATTERN📊#SOL BEARISH BAT PATTERN📉 🧠From a structural perspective, the goals of the long structure we built near the 115-133 buying zone have been fully achieved, so there is an expectation of a pullback. There is currently an opportunity to build a bearish head and shoulders structure within the selling zone. ➡️From a morphological point of view, a bearish bat pattern has been formed, so a pullback is highly likely, so please be cautious in going bullish⚠️ Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:SOLUSDT.P
Short
by wolf_king888
1
Potential price reversal and renewed growthOn a 4-hour chart Solana has reached significant levels that could indicate potential price reversal and renewed growth. Possible Reversal Zones: One of the critical reversal zones for Solana is in the range of $169 to $177. This area acts as a strong support level and can potentially cause a price reversal. A price encounter with these levels is likely to lead to a renewed pump and a move towards 200. Price Target: In the event of a reversal and renewed price growth, the price target for this analysis is $200. This level acts as an important resistance, and reaching it would indicate a significant price increase for Solana.
by MonoCoinSignal
2
Is Solana at risk of a price reversal? What historic trends say:Solana (SOL), the world’s fourth-largest cryptocurrency, gained massive attention as it broke out of the crucial resistance level of $187. Following SOL’s crucial breakout, there is a high chance that it could rise to the next resistance, which is near $204. However, there is also a concern among the new investors about a potential price reversal from this upcoming resistance. According to the historical data and price action, whenever SOL has reached the $204 level, it has consistently experienced a notable price reversal. Since March 2024, SOL has reached this level twice and experienced a significant price reversal each time, which is the reason for the concern among new investors. As of writing, SOL is trading near $184 and has experienced a 4.5% upside move in the last 24 hours. Despite an impressive price surge, trading volume has dropped by 18% over the same period. This decline in trading volume might indicate that investors and traders are conscious of the resistance level due to the historical price reversal. According to technical analysis, SOL recently broke out of the crucial resistance level of $187, and was heading toward the next resistance level of $204. Following this breakout, there is a high possibility that SOL could reach the $204 level in the coming days. Relative Strength Index (RSI) is above 50, signaling trend steadiness. Also, major liquidation levels emerged near the $180 and $203 levels. This creates a potentially bullish outlook for SOL.
by paul_endeo
$ETH & $SOL Performance CyclicalityCyclicality of CRYPTOCAP:SOL (under-performance) and CRYPTOCAP:ETH (over-performance) relative to CRYPTOCAP:BTC ∘ only using data YTD but there seems to be a cyclical pattern to the performance of CRYPTOCAP:ETH and CRYPTOCAP:SOL wrt CRYPTOCAP:BTC ∘ basically CRYPTOCAP:SOL under-performs CRYPTOCAP:BTC and catches up while CRYPTOCAP:ETH is opposite ∘ and the cycle period is about 2-3 mths 🔥 fwiw, CRYPTOCAP:SOL has caught up to CRYPTOCAP:BTC perf ratio-wise while CRYPTOCAP:ETH under-performance is at ratio lows 🤔 tbh, based the cyclicality, for me CRYPTOCAP:SOL is a much better buy as a catchup trade to CRYPTOCAP:BTC outperformance. The time to long CRYPTOCAP:SOL is when CRYPTOCAP:BTC really roofs, not now imho #technicals
by neoman007
Phemex Analysis #10: Solana - Blinks, ETF, and a 60% Surge! The recent surge in PHEMEX:SOLUSDT.P (SOL) price, fueled by the buzz surrounding its "Blinks" feature and speculation surrounding a potential Solana ETF launch, has drawn significant attention from the market. As we analyze the current price action, it's crucial to understand the key resistance and support levels that could shape SOL's future trajectory. Market Context: ETF Speculation: The anticipation of a Solana ETF, following the recent launch of Bitcoin and Ethereum ETFs, has injected a sense of optimism into the market. This speculation has contributed to the recent price surge. Blinks Feature: The introduction of Solana's "Blinks" feature, a novel technology for faster and more efficient transactions, has generated significant buzz on social media platforms like X (formerly Twitter). This positive sentiment has likely played a role in the recent price gains. Technical Analysis: Resistance: SOL's price has encountered resistance around the $205-$210 level. This resistance zone represents a significant psychological barrier and could potentially cap further upside movement. Support: A strong support level has been established at the $120-$110 range. This level represents a key area where buyers are likely to step in and prevent further price declines. Possible Scenarios: Bullish Breakout: A breakout above the $210 resistance level, accompanied by high trading volume, would signal a strong bullish sentiment. This scenario could potentially lead to a significant price rally, particularly if the overall market sentiment remains positive. Strong Rejection at $210: If the price encounters strong selling pressure at the $210 resistance level, it could trigger a retracement towards the $130 or even the $110 support levels. This scenario could present a buying opportunity for investors who believe in SOL's long-term potential, as the price consolidates around these support levels. Conclusion: The recent surge in SOL's price has been driven by a combination of factors, including ETF speculation and the excitement surrounding the "Blinks" feature. While the current price action is bullish, it's important to recognize the potential resistance and support levels that could influence future price movements. Investors should carefully consider these technical factors and the broader market sentiment before making any trading decisions. Note: Have you tried buying crypto on Phemex yet? We support 30+ payment methods, 60+ fiat currencies, and 10+ cryptocurrencies. There's definitely one that suits you! 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