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SOLUST trade ideas

Solana's All-Time High: Symmetrical Triangle Pattern in Play..!Solana is currently exhibiting a symmetrical triangle pattern as it approaches its all-time high of $260. This pattern typically indicates a period of consolidation, where the buying and selling pressures are in relative equilibrium. Traders and analysts are closely monitoring this development, as a breakout from this formation could lead to a significant price movement, either upwards or downwards. The potential direction of the move will depend on which side the price ultimately breaks out from. Therefore, investors must stay vigilant and watch the market closely for any signs of a breakout, as it could herald a pivotal change in momentum for Solana.
by Kartik_Elkunchwar
SOL/USDT pair on the 4-hour Analysis: 1. Symmetrical Triangle Pattern: The price chart is consolidating within a symmetrical triangle pattern. This pattern often indicates market indecision, and a strong move typically occurs once either the support or resistance line is broken. 2. Resistance Levels: The first key resistance level is around $260–$265 (top of the triangle). If broken, the price could move toward higher levels such as $280 and possibly $300. 3. Support Levels: The primary support level is around $240–$245 (bottom of the triangle). If this level is breached, the price might decline toward lower supports, such as $220 and $200. 4. RSI Indicator: RSI is hovering around the middle (approximately 50), indicating no strong momentum at the moment. A breakout above 70 could confirm an upward move, while a drop below 30 might signal further decline. 5. Volume: Decreasing volume suggests that the market is preparing for a strong move. A triangle breakout should be accompanied by increasing volume for confirmation. --- Trading Strategy: If there is a breakout to the upside: 1. Enter a Long Trade: Enter a buy position after a breakout and candle close above $265. Take Profit: Initial targets could be $280 and $300. Stop Loss: Below $260 (or below the triangle’s bottom around $245). 2. Scaling Up: If the price reaches $280 and momentum remains strong, consider increasing your position size. If there is a breakout to the downside: 1. Enter a Short Trade: Enter a sell position after a breakout and candle close below $240. Take Profit: Initial targets are $220 and then $200. Stop Loss: Above $245. 2. Risk Management: Risk only 1-2% of your total capital in each trade. --- General Advice: False breakouts are common in this type of pattern, so wait for confirmation (e.g., volume increase or the next candle close). Monitor the market closely and use risk management tools such as stop-loss orders.
by Benjo_trade
The #1 Reason To Buy SolanaYesterday was so stressful for me its crazy how am still up .The truth is i need to sleep more often - Yesterday i got a huge break through when it comes to risk management You see there is a problem in the financial markets mostly they are called pump and dumps If you dont understand risk management you may fall victim to this type of scam And so to help you look at the chart i have set a buy stop order on Solana COINBASE:SOLUSD but you really need to act fast because this buy stop order wont be active for long once the price passes that order you are cooked!! and you wont see this type of opportunity to buy from this price again The reason solana is on the spot light is because thats the protocol that this new memecoin launched by the president trump and first lady melania is built on. So enter your buy stop order now. You next entry may not be good enough or worse you may be part of a pump and dump This order comes from the rocket booster strategy if you want to learn more about this strategy check out the references below. Rocket boost this content to learn more. Disclaimer:Trading is risky please learn risk management and profit taking strategies. Also use a simulation trading account before you trade with real money.
Long
by lubosi
Solana- Two bullish targets (320 and 380)The launch of BINANCE:TRUMPUSDT gave a boost to BINANCE:SOLUSDT with the price breaking above 220 local resistance and soaring with more than 30% to 295. As expected after such a rally, the price entered a correction phase, and at the time of writing, Solana is trading around $260. Symmetrical Triangle Formation: A Bullish Sign? During this consolidation period, a symmetrical triangle pattern has emerged on the charts. This formation is often a signal of a continuation of the prevailing trend. If Solana manages to break through the triangle's resistance, it could lead to an acceleration of the upward momentum. Potential Targets for Solana Based on classical technical analysis, the first target is calculated using the triangle's base. This suggests a potential rise to $320. However, if we consider the momentum from the previous leg up, the target could stretch as high as $380. Outlook: Bullish Above $200 Regardless of which target is reached, Solana remains strongly bullish as long as it holds above the critical $200 support level. Traders and investors will want to keep a close eye on price action, especially for a breakout of the current consolidation.
Long
by Mihai_Iacob
8
SOLANA on SUPPLY Level? Take Profit or wait?As you can see, SOLUSDT hasnt broken all time highs nicely, instead it was a fakeout which closed below 260$ price zone. 1- I have sold here & would wait to take my entries on a higher low around 222$ price zone. 2nd - If it breaks all time high, then I would let it do that and come back to 260$ or make a higher low, then I will decide entries. 3- if it break 222$ then a lot lower prices will be expected like 200$ and 180$ at least. For now, the market is bullish, and the first and the 2nd probability is most likely to playout. Trade safe my friends, DYOR!
by Waisventures
Solana: long term trends...GM gents! Take a look at the trends that are active in the monthly and quarterly timeframe in $SOLUSDT. The most optimistic long term scenario implies a 42 to 1 reward ratio, and gains worth more than 1700% from here... It's easy to be swayed by short term noise and miss out on these insane gains, I have helped many people achieve such results in the past and can do it again, make sure to follow me here and in my socials. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
2
best tips and strategies to avoid losing money while trading solTrading Solana meme coins (or any speculative assets) can be risky, but there are strategies you can implement to reduce the likelihood of losing money. Here are some tips and strategies: 🔸### **1. Perform Thorough Due Diligence** - **Project Research**: Investigate the team, roadmap, and purpose of the meme coin. Look for transparency and active community engagement. - **Smart Contract Audit**: Verify if the project’s code has been audited by reputable firms to rule out vulnerabilities or malicious intent. - **Tokenomics**: Understand the coin's supply, distribution, and vesting schedules to assess inflation risks. - **Liquidity**: Check the total locked liquidity and if it's controlled by trusted third parties (like in a locked contract). 🔸### **2. Be Cautious with New Listings** - **Avoid FOMO**: Don't jump into a token right after its launch due to hype. Often, prices spike initially and then crash. - **Verify Listings**: Ensure the coin is listed on reputable platforms like CoinGecko or CoinMarketCap and recognized by reliable exchanges. 🔸### **3. Use Risk Management** - **Position Sizing**: Only invest a small portion of your portfolio in highly speculative meme coins, such as 1-5%. - **Stop-Loss Orders**: Set stop-loss orders to automatically sell your coins if the price drops to a certain level. - **Profit-Taking**: Use a systematic approach to secure profits, such as selling a portion after the coin gains a specific percentage. 🔸### **4. Avoid Projects with Red Flags** - **Anonymous Teams**: Be cautious of projects with unknown or unverified developers. - **Low Liquidity**: Avoid coins with low trading volumes or liquidity, as you may not be able to sell without affecting the price. - **Over-Promises**: Be wary of projects that make outrageous claims, such as guaranteed returns or revolutionary technology without proof. - **Excessive Marketing**: Projects focusing more on memes and hype than utility are often short-lived. 🔸### **5. Check for Rug Pull Indicators** - **Owner Privileges**: Analyze the smart contract for owner permissions that allow for token minting or draining liquidity. - **Liquidity Lock**: Ensure the liquidity pool is locked for a significant period (e.g., 6 months or more). - **Token Distribution**: Avoid coins where a single wallet holds a large percentage of the supply, as this indicates a risk of dumping. 🔸### **6. Use On-Chain Analysis Tools** - **Explorer Tools**: Platforms like Solscan and Solana Explorer can help analyze token distribution, liquidity, and transactions. - **Rug-Detection Tools**: Use services like RugDoc or Token Sniffer to evaluate the safety of the project. - **Social Analytics**: Monitor community activity on Discord, Telegram, or Twitter to gauge organic growth and sentiment. 🔸### **7. Diversify Your Investments** - Don't put all your money into one meme coin. Spread your risk across multiple assets, including more established cryptocurrencies. 🔸### **8. Stay Updated on Market Trends** - **News Awareness**: Follow Solana-related news and updates, as ecosystem changes could impact meme coin performance. - **Whale Activity**: Track large transactions in meme coins to anticipate potential dumps. 🔸### **9. Protect Against Scams** - **Phishing Attacks**: Be cautious of fake websites, wallets, or social media impersonators. - **DYOR (Do Your Own Research)**: Verify all information independently before taking action. - **Secure Wallets**: Use reputable, non-custodial wallets like Phantom or Solflare to store your meme coins securely. 🔸### **10. Control Emotions** - **Avoid Emotional Trading**: Stay rational and stick to your strategy, even during extreme volatility. - **Know When to Quit**: If you’re consistently losing or the market becomes unpredictable, step back and reassess. 🔸### **11. Use Decentralized Exchange (DEX) Safely** - **Verify DEXs**: Use established platforms like Raydium or Orca for trading. - **Slippage Settings**: Adjust slippage tolerance to avoid unintended price impacts during trades. 🔸### **12. Learn from Past Mistakes** - Keep a trading journal to track your decisions, evaluate outcomes, and refine your strategies. 🔸### **13. Avoid Leveraged Trading** - Avoid trading meme coins with leverage, as their inherent volatility can amplify losses. 🔸By implementing these strategies, you can reduce your risk and make more informed decisions while trading Solana meme coins. Always prioritize risk management and long-term sustainability over short-term gains.
Education
by ProjectSyndicate
16
Solana Update: Ride This Time The High Rise To Improve Your LifeI wanted to give you an update for Solana since we have an active LONG lev. trade, and it is doing great. The last up-burst does not change the previous market conditions, it all remains the same. The conditions are bullish on the bigger picture but sideways on the short-term. We still have 28 days left before the major boom-boom-boom-bull-market. Everything grows. The same resistance range from November 2024 worked as resistance a few days ago. This is good, market conditions stay the same but we prefer a hundred times to see a bullish breakout than a bearish breakdown. Solana moved up. Moving up is great and very positive because it allows for room for the market to swing. That is, it can move lower to produce a new entry opportunity and yet we will always stay green. Make no mistakes, Solana is going up. But, in the short-term, you can have a drop similar to what we saw in late November but shorter in duration. Long-term, we are going up. The correct term is a retrace, that is what we are likely to expect. Expect some retraces and consolidation (a buy opportunity) and then enjoy a strong rise; Cryptocurrency's future is very bright. Do not be afraid to buy and hold; There is no need to hide. This time you will be right and you can enjoy huge profits if take a calculated risk at the right time. This risk is buying Crypto, very low risk. We will enjoy an amazing ride. A ride that will change your financial life. Namaste.
Long
by MasterAnanda
6
sol buy limit longterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
1