Update on SolanaBe careful with your SOL since on the daily chart it's forming upside down "cup and handle" pattern which can cause sell off down to $45.
SOLUSDT.P trade ideas
SOL - LongI hope the market will respect this analysis!
Please have capital and risk management!
Just Use Lev. 2 or 3!
Entry: 116.5
TPs: 125.5 - 135.5 - 147.5
SL: 107
JUST TRADE WITH WAVES...
SOL ANALYSIS🚀#SOL Analysis :
🔮As we can see in the chart of #SOL that there is a formation of Descending Channel Pattern. #SOL is consolidating in a descending channel.... currently waiting for breakout the pattern. Incase of successful breakout...... we can expect 30% bullish wave in coming weeks📈📈
🔰Current Price: $135
🎯 Target Price: $175
⚡️What to do ?
👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits⚡️⚡️
#SOL #Cryptocurrency #TechnicalAnalysis #DYOR
SOL SOL mitigated this orderblock (1) and moved down. Currently facing order block (a). This order block (a) was small resistance zone. If this zone was fail, SOL moving upside.
Order block (2&3) was next support zone.
SOLUSDT 1DSOL ~ 1D
#SOL So far this support has been able to hold the price of COINBASE:SOLUSD from falling further.
We are still Bullish on this Coin. with a long term target of 2x-4x, maybe
2nd Trade Sol LongDon't know how this will play out, but i'm currently seeing the market as bullish. I'm just a newbie trader risking just a low percentage of my account.
SOL - Breakdown CompleteFrom our predicted breakdown target of Solana from $170 to $120 was just completed.
We came within $2 of our predicted bottom for Solana that we made a couple weeks ago!
As long as Solana doesn't flip the $140-150 level into new resistance then we should expect continued upwards price action towards new all time highs.
$SOL - Daily Support Zone #SOL Perpetual - Long
Looking for an upward retracement off the Daily Support Zone.
Solana (SOL): Preparing for Further CorrectionsInitially, we entered Solana at $80 and have been pleased with our position. However, upon reevaluating our scenario, we believe that the larger Wave II may not be complete, and we could see further downside. Therefore, we have decided to adjust our stop loss to avoid being prematurely stopped out, especially if Wave II is not yet finished. This adjustment is based on our long-term belief in Solana's potential.
We anticipate that Solana might fall to the range between $92 and $51, with $51 being the absolute maximum downside level. In anticipation of further corrections, we plan to place a second entry at the 127.2% Wave C level, expecting a significant rise post-correction.
Quarterly VWAP Analysis
In the current situation, the 2024 Q1 VAH (Volume Area High) is acting as resistance, while the current range is defined by the 2024 Q1 VWAP at $126, which has been touched twice, each time forming lower lows. If Solana loses the $126 support level, the next significant range is between $91 and $82. This aligns well with our second entry target at the 2024 Q1 VAH and the 2023 Q4 VAH. In the worst case, a further drop could take Solana down to around $60.
To achieve a bullish reversal, Solana needs to reclaim the $126 level and push upwards. Breaking above $161.9 would signal strength, and surpassing the $210 mark would confirm a bullish trend continuation.
In conclusion, we remain open to further downside to the $91-$82 range for a potential second entry. Holding this range is crucial to avoid deeper declines towards $60. Conversely, reclaiming $126 and breaking above $161.9, and eventually $210, would indicate a strong bullish reversal.
Solana Potential DownsidesHey Traders, in today's trading session we are monitoring SOLUSDT for a selling opportunity around 139 zone, Solana is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 139 support and resistance area.
Trade safe, Joe.
SOL MARKED STRUCTURE SHIFTED INTO BULLISH | READY FOR 200$.Whole market was struggling in recent days. If we look at SOLUSDT chart then it has taken higher time frame poi with liquidation hunting wick. Now has broke through recent high and did clear market structure shift into bullish side. So as MSS has been done so we are looking for FVG and Sell side liquidity to build long position, which I have marked onto the chart as well. You can keep eye on that marked FVG and SSL.
SOLUSDT - ShortSol Usdt and the entire eco looks bearish for now.
Will be looking for shorts on a retest along the trendline with a close SL.
SOLUSDT, My strategy for this week!My strategy is simple
Solana's price movement has been formed from point 1 to point 2.
I will wait until the price reaches point 3 and if a suitable setup is formed, I will take a short position.
And I expect this setup to be based on this formula:
Entry point = X
Target = (X - 10 Sol)
SOLUSD longsolana seems very oversold, especially in the light of its potential, it could be worth building long positions from current levels.
The medium-term uptrend for Solana has been brokenThe medium-term uptrend for Solana has been broken, and it is now facing resistance in the $135-$140 range. This area acts as a key level for potential price reversal. If Solana fails to reclaim this level, the price is likely to move towards lower targets around $110 and $100.
