SOLANA BULLISH SETUP (15m TF FVG Entry)BINANCE:SOLUSDT should hit the FVG area which can be seen in the 15m timeframe, and from there it should head up towards the 136-138 range (most probably a double top).
What do you think?
SOLUST trade ideas
Solana shows signs of recovery: what's next?Solana’s (SOL) price nearly broke below its crucial support level of $126. Since early March, this support has prevented a significant drop in price.
However, the cryptocurrency is now showing signs of recovery. Investors are keen to determine if SOL is on the verge of a price rally, especially as technical indicators point to a potential upward movement.
The Chaikin Money Flow (CMF) indicator, which tracks the inflow and outflow of capital into an asset, is currently showing a notable uptick for Solana. This is a strong sign that the cryptocurrency is seeing consistent buying pressure, which could be a precursor to a price rally. However, despite the uptick, netflows remain negative, indicating that there is still some outflow of capital, which could limit the strength of this momentum.
Solana’s price has been fluctuating between $186 and $126 over the past several weeks. Short-term consolidation is occurring under the $160 level, with the current price of $134 hovering around the local resistance of $137. To maintain upward momentum, SOL needs to break through this local resistance.
Given the strong technical indicators, including the CMF and MACD, it’s likely that Solana will flip this $137 barrier into support and bounce higher. If this happens, the next target for the altcoin is $155, followed by a more critical resistance level of $160. Surpassing $160 could open the door for further price gains.
However, if Solana fails to break above $137, it could fall back to its previous support at $126. This scenario would invalidate the bullish thesis and may lead to prolonged consolidation, trapping the price within a tighter range.
SOLUSDT.1DAnalyzing the daily chart for SOL/USDT, I observe a price of $133.18, reflecting a decrease of 1.81% for the day. The chart demonstrates a pattern of fluctuation within defined support and resistance levels.
The Moving Average Convergence Divergence (MACD) is showing a significant bearish trend as the MACD line is below the signal line, and the histogram supports this downward momentum. This suggests that the bearish sentiment has been strong in recent trading sessions.
The Relative Strength Index (RSI) at 40.90 is leaning towards the lower side, indicating that SOL may be approaching the oversold territory. This could suggest a potential for price stabilization or a slight rebound if buyers start to see value at these levels.
From the chart, the key support (S1) and resistance (R1) levels are identified at $116.96 and $164.23, respectively. The current price sits just above the S1 level, indicating that this is a critical point for SOL. If the price sustains above this support, it may signal that the market is not ready to push prices lower. However, a break below this level could lead to further declines towards the second support (S2) at $93.66.
In conclusion, the market sentiment for SOL is currently bearish, but approaching key support levels might provide a test for this sentiment. Traders should monitor these levels closely for potential buying opportunities if the price shows signs of holding above support, or conversely, prepare for a deeper sell-off if these supports fail to hold. The next significant movement will likely be determined by the market's reaction to these support levels.
SOLUSDT, Wed 11 Sep, PM Session???Nice Movement.
If you, the price hit the 50% Fibo and start to rally up!.
Respected the FVG(15m TF) very well.
Its Lunch Time, so still waiting and watching till Pm Session.
I am watching and seeing How far the price goes up and which "High" , it hits!!!
NY Session` High or today`s High...
and then watch the short setup will be form or not (In the end of PM Session, After 14:45)!
I do not rush. If I dont trade today, I be sure that tomorrow can have a High-Probility short situation will be form.
Lets See!
Note: To see how nice the price movement, watch the price in 1m Time fraim!
SOLUSDT, Wed 11 Sep, Maybe Short !?!If price rise to 132 and find the short setup,
I will get the Short position!
what time the news will be release? 14:30?
Happy Trade!
SOL shortSOL broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 124.7 is possible.
SOLUSDT, Wed 11 Sep, Long or Countinue Short???Yesterday Pm, Finally the Price hit the Monday`s High and could
Get short from 137 to 132!
I am not sure the price countinue to downward to 50% 0r 62% fibo or
start to upward!
I am watching only in NY session and lets see whats happen in PM session!
what do you think? Short or Long in NY session???
Please share your Idea!
SOL - Cup & Handle to 500$?
Hi all,
We can see a nice Cup & Handle pattern for SOL/USD. I think that we can reach easily to 400+$ in the coming months and maybe even to 1000$+ if we reach these levels on the first wave during the first alt season in Q1 2025.
NFA
Long trade
Trade Details:
Pair: SOLUSDT Perpetual (SOLUSDTPERP)
Trade Type: Buyside (Buy)
Time: noon (NY Time) during the NY Session
4-Hour Chart (4Hr TF)
Entry 133.427
Profit level 148.139 (11.03%)
Stop level 131.995 (1.07%)
RR 10.27
SOLUSDT Technical AnalysisWhen the daily chart of SOLUSDT is examined; It is observed that the price movements continue in a downward trend. It is evaluated that the crypto can target the level of 196 by passing the level of 152 in price movements above the level of 133, but it is evaluated that it can retreat to the level of 94 by breaking the level of 111 in price movements below the level of 133.
1.65 RR 5% away, potential sol longThis should be a good long whether SOL rejects from current lvl or goes higher
2 RR, 5% away from entry currentlySolana appears to be headed toward important targets in the $95-100 region. It may be in the process of rejecting from a base, or could hit my short entry a little ways up.
Solana move Like NDSThis idea is more practical and stays true to the NDS approach. There’s about a 10-20% higher probability that it will play out and the chart will move in the expected direction
Solana is Acting as NDS SaysIf my move were true I would say the chart is a person who speaks to the NDS language. if not, I must spend more time on my learning.
I have no fundamental backend and I look at the chart, just. news makes things happen faster.
SOL Trends Sol price was moving between white-blue uptrend channels since Dec. 2023. So there was a clean uptrend path in this direction.
But then, price broke white uptrend channel on August first time. Then it moved inside of it for few weeks before it drop below it.
Red downtrend channel working well as resistance for the price since Solana's $210 times. When the price reached this red channel it rejected there everytime so far. Now price is currently inside of it. If the price can break this channel up it can continue to white uptrend channel for the retest move. In this case, that retest would point $158- $160 in price.
Or this red downtrend channel will work as a resistance again and will push the price down.
SOLUSDT, Tue 10 Sep, Big Move (Part 3)In NY session, I didnt see the setup for short.
Maybe the price is going to hit the Mon`s High.
If I see the short setup in PM session, I trade .
and If not see such setup, wait for Tomorrow!
Happy Trade!
SOLUSDT, Tue 10 Sep, Big Move Short (Part 2)We are closing to kill zone,
and setup may be form Min by min.
Wait till 10:30!
Happy Trade!
Solana is going to $170. Here's why:In the weekly chart, the SOL price trend shows constant support from the 50% Fibonacci level at $129.87 and the 50 weekly EMA. Currently, the weekly chart reveals a consolidation phase between the 78.60% Fibonacci level at $198 with the bottom support of 50% Fibonacci level.
The lower high formation within the consolidation range reveals a weakness in the bullish momentum. However, the recent possibility of a morning star pattern near the crucial support teases a new bullish cycle.
The DMI indicator in the weekly chart reveals an indecisive trend between the VI lines. Further, a declining trend is visible in the ADX line during the SOL price consolidation phase.
Hence, the momentum is declining, but the trend still needs to be decided. A bullish cycle will reveal a positive alignment in the VI lines, and a potential uptick in the ADX line will help sustain the uptrend.
Using the trend-based Fibonacci level, the SOL price uptrend shows the next resistance at 23.60% at $173. The next resistance lies at the $200 ceiling and the $224 mark.
Meanwhile, a Solana whale recently scooped 34,807 SOL tokens, amounting to $4.52 million. This is part of a larger accumulation strategy, with the whale having withdrawn nearly 206,951 SOL tokens worth $29.3 million.
This puts Solana in the bullish spotlight for the next month.
SOLUSDT, Tue 10 Sep, Big Move Short!When I check the monthly and weekly, I think the Market will be Bullish
But
For today, I expect the short setup will be formed again( same as yesterday).
If price doesnt hit the "New Tue High",,, Maybe maybe Maybe, we can see the
Big Downward movement!
I expect short setup with Entry around 134 and target around 124!
Lets see whats happend!
Happy Trade!
SOL preppin again for a new round of PRICE GROWTH!SOL has been tamed town a bit after an aggressive rise to 126 -- and correcting healthily below 100.
This bluechip coin has seen exponential growth from being a single digit priced asset.
Based on recent 4h price data, the coin is preppin another round of price growth from the new higher base at 100.
This level seems to be a strong psychological level, a major order block support where buyers are now converging.
A retest of the previous peak at 126 and a possible strong break is highly possible.
Spotted at 100.
TAYOR.
SOLUSDT, Mon 09 Sep, Short Trade!The Price couldnt hit the "High" of Sunday!
And also didnt hit the High of Early Morning.
Then In NY session could take sell short with Target of
Today`s Low.
Happy Trade!
SOLUSDT Trend continuation tradeSOLUSDT has been ranging between the 140 and 160 levels, but it has recently broken and closed below this range. This indicates a shift in market dynamics. The market might be heading to retest the area where we observed a bullish impulse leg previously. The break below the upward trendline suggests that the price has entered a consolidating phase, which was signaled by the price being above the trendline and showing bullish momentum. Given this context, the market is expected to push a little further down towards a key round number, which could act as a psychological level of support. The target is support level at 120
Long trade
Trade plan:
Based on the DOM (Depth of Market) reading.
Pair: SOLUSDT
Buyside trade
Session: London
Entry Timeframe: 15-minute chart
Entry Price: 129.694
Take Profit Level: 131.708 (1.55% target)
Stop Loss Level: 129.441 (0.20% risk)
Risk-Reward Ratio: 6.4
