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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

Solana Price Breakout Alert: Levels Every Trader Must Watch!The latest technical analysis for BINANCE:SOLUSDT on the 4-hour chart reveals intriguing insights into potential movements and trading opportunities. With a recent close of $142.09, SOL's performance is closely monitored by traders seeking to capitalize on short-term trends. The immediate resistance level of $142.12 is crucial for determining the next upward movement. If SOL breaks above this point, the price could test higher resistance at $142.68 and subsequently at $143.05. These higher resistance levels are significant markers for bullish traders. A sustained break above $143.05 could signal a strong bullish trend. On the downside, the immediate support level to watch is $142.03. If the Solana price fails to hold above this level, it may fall to lower supports at $141.8 and $141.55. These levels provide additional support, potentially preventing further decline. A breach below $141.55 could indicate a bearish trend, inviting further downside risk. Exponential Moving Averages (EMAs) indicate a generally bullish sentiment. The 9 EMA, currently around $141.47, is above the 20 EMA, approximately $140.64, signaling an upward trend. The convergence of the EMAs suggests that SOL is maintaining bullish momentum, although traders should watch for any signs of divergence that may indicate a shift. MACD analysis shows the MACD line consistently above the signal line, suggesting bullish momentum. The histogram's positive values reinforce this sentiment, although a narrowing histogram indicates that the bullish momentum might be weakening. Traders should monitor the MACD closely for any potential crossovers that could signify a reversal. Meanwhile, the Relative Strength Index (RSI) fluctuates around the 50 mark, currently at 54.31. This neutral position indicates a balanced market without extreme overbought or oversold conditions. A move above 70 could signal overbought conditions, suggesting a potential pullback, while a dip below 30 could indicate oversold conditions, presenting a buying opportunity. For long trades, a confirmed break above $142.12 could be a good entry point, aiming for resistance levels at $142.68 and $143.05. Traders should consider exiting at or near these resistance levels, particularly if there are signs of price rejection or weakening bullish momentum. For short trades, if SOL falls below $142.03, it could trigger short positions targeting the next support levels at $141.8 and $141.55. Exiting short trades at these support levels may be prudent, especially if the price shows signs of stabilization or reversal. In conclusion, the Solana price presents a mixed yet cautiously bullish outlook on the 4-hour chart. Traders should pay close attention to key support and resistance levels and monitor technical indicators for signs of momentum shifts. As always, prudent risk management and thorough analysis are essential for successful trading.
by Ecoinimist
#SOLUSDT ETF Approval Will Send The Price To New ATH🔹Over the last week BINANCE:SOLUSDT price has increased by 20%, pushing the price above the 200 MA ($137.98). Surge in SOL's price is linked to excitement over potential spot Solana ETFs. 🔸VanEck and 21Shares submitted applications for spot Solana ETFs to the SEC. SEC has 240 days to decide on the spot Solana ETF applications. 🔹Analysis of DApps and on-chain activity supports SOL's price strength and potential for further increases. If so, the bulls can push the price above the 50 MA ($151.30). After establishing the 50 MA as an support buyers next target could be $173.25, $200.00 and $215.00. 🔸Conversely if the price fell below the current support, the 200 MA ($137.98), and the support at $120.00 - $116.00 which are really important. Sellers can get the upper hand in this scenario and will be able to push the price down to $100, $94, $85 and $80.
Long
by Zanzibar_Trading
SOLUSDT, Tue 09 Jul !Today's price changes situation was interesting and very clean to trade. It's a pity that I was busy today. But it was a good sign for the coming days. What I am looking for is a sharp and fast position with a minimum difference of 10 sols between the entry price and the target! What I saw on today's chart, between Wednesday's high range and last Friday's low! Using only Fibonacci, when the price went above 62%, a short position could be taken. Especially in London and New York sessions! What was evident so far today was that Sat`s High has not been hit! Will this price level (144.30) be reached by the end of today or tomorrow? It won't matter, I'll be looking for shorts again tomorrow. However, on Thursday, I will look for that sharp and fast position. Of course, I also consider that above the 62% level and above the price of 144.30, there are still FVG and price gaps, and this will depend on the highest price will be recorded by tomorrow. Wish You all Low-Loss trade! Tue 09 Jul - 17:53
Short
by kevin13433
3
SOL LongWe are observing a potential long scalp opportunity for SOL/USDT. The price has broken out from a cup and handle pattern on the 1-hour chart and is currently retesting the neckline, with support found in the $142-$144 range. To mitigate risk, a stop loss should be set at $137.24, and low leverage (maximum 5x) is recommended. Price Targets:Should the upward movement persist, our price targets are: $150 $155 $160 $170 This setup presents a favorable opportunity to capitalize on the market movement. Let's monitor the trade and see how it unfolds.
Long
by Kat-Crypto-Street1
SOLUSDT SHORTShort (SELL) Entry Trigger: Confirmation of a bearish breakout from the wedge pattern. Stop Loss: Placed at 145.500 - 146.500 Take Profit: Targeting 128.500 - 120.500 Detailed Explanation: Bearish Wedge Formation: The yellow trendlines form a bearish wedge, typically indicating a potential downward breakout. The wedge shows a series of higher lows and lower highs converging, creating pressure that might lead to a price drop once support is broken. Confirmation: Wait for a break below the lower yellow trendline to confirm the bearish breakout. A strong bearish candle closing below this line would strengthen the bearish bias. Stop Loss (145.500 - 146.500): The stop loss is strategically placed above the upper boundary of the wedge and above significant resistance levels. This zone provides a buffer against potential false breakouts or short-term volatility spikes. Risk Management: Keeping the stop loss in this range limits potential losses if the price moves against the position, ensuring disciplined risk management. Take Profit (128.500 - 120.500): First Target (128.500): Support Zone: This level is aligned with previous support and a potential bounce zone. It’s a conservative target, ensuring partial profit-taking before any major support levels. Second Target (120.500): Deeper Retracement: Aiming for a more significant price drop, this target lies within a major support zone, maximizing potential profit. It's essential to monitor price action as it approaches this level for signs of reversal or consolidation. Indicators and Confirmation: Watch for increasing selling volume on the breakout for additional confirmation. High volume adds credibility to the breakout and subsequent downtrend. Momentum Oscillators: Utilize tools like RSI or MACD to check for bearish momentum. Overbought conditions or bearish crossovers can provide extra validation for the short entry. Market Sentiment: Keep an eye on market news related to SOL and the broader cryptocurrency market. Significant news can impact price movements and might require adjusting the strategy. Potential Adjustments: As the price moves favorably, consider trailing the stop loss to lock in profits while allowing the position to run. This can be done by moving the stop loss incrementally as the price hits new lows. Re-evaluation: If the price action shows strong support at intermediate levels, re-evaluate the take profit strategy. Partial profit-taking at minor support zones can be considered to manage risk and secure gains.
Short
by WeloTrades
2
#SOLANA / the most accurate roadmapSolana's trend will be falling for now But what are the points that you should pay attention to?! First: As long as it is in the BEARISH channel of the 1-hour time-frame, there is a possibility of a sharp drop towards the specified targets. So, if you see patterns of continuation of the trend in lower time frames (below the 1-hour time frame), do not hesitate to get SELL! Second: If the BEARISH channel of the 1-hour time-frame breaks upwards, you should look for confirmation of the SELL on one of the key levels of 139.94, 144.80 or 148.07. Falling targets in order from short term to long term: Target 1: 129.31-128.67 Target 2: 120.54 Target 3: 110.73 What details can you add to this analysis? Comment me
Short
by Eldorado_Land
9