Scalping & Mid-Term Analysis for Solana
Market Overview:
Trend: Solana is in a clear downtrend, with lower highs and lower lows forming a bearish structure.
Key Levels:
Resistance: ~$199 - $202
Support: ~$185 - $190 (weak) and ~$175 (stronger)
Indicators:
MACD: Bearish crossover, showing ongoing downside momentum.
EMA: Solana is trading below the 50 EMA, confirming sellers are in control.
Volume: Declining, indicating lack of aggressive buying interest.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? Price is attempting to stabilize near $185 - $190, but with weak buying pressure.
How?
Buy near $185, aiming for a small scalp to $195 - $199.
Sell near $199 - $202, as resistance is strong.
Stop-loss below $182, as further downside risk exists.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $202 or breakdown below $185.
Execution:
If SOL breaks $202, scalp long targeting $210 - $215.
If SOL drops below $185, scalp short to $175 - $170.
🩸 3. EMA Scalping
Why? SOL is consistently rejecting the 50 EMA, meaning shorting resistance is effective.
Execution:
Short near EMA (~$195 - $200) if price fails to reclaim it.
Go long only if price reclaims EMA with strong volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Neutral
Why?
Continued lower highs, signaling no recovery momentum yet.
Breakdown from $210 - $200 resistance confirmed bearish dominance.
If SOL fails to reclaim $200+, expect a retest of $175 - $170 before stabilizing.
Only a strong move above $202 can trigger bullish recovery to $215 - $220.
🔥 News & Market Context:
No major bullish catalysts, meaning Solana lacks a strong recovery trigger.
Liquidity grab scenario likely, where market makers push SOL below $185 before reversing.
Watch for Bitcoin's impact, as SOL follows BTC’s overall market direction.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Range scalping is viable, but only with caution.
🩸 Mid-term: Bearish unless SOL breaks and holds above $200+.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs unless $202 is reclaimed.
👑 Final Verdict:
Solana is still in a bearish phase. If it fails to break $200, expect a deeper correction to $175 - $170. 🔥
Trend: Solana is in a clear downtrend, with lower highs and lower lows forming a bearish structure.
Key Levels:
Resistance: ~$199 - $202
Support: ~$185 - $190 (weak) and ~$175 (stronger)
Indicators:
MACD: Bearish crossover, showing ongoing downside momentum.
EMA: Solana is trading below the 50 EMA, confirming sellers are in control.
Volume: Declining, indicating lack of aggressive buying interest.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? Price is attempting to stabilize near $185 - $190, but with weak buying pressure.
How?
Buy near $185, aiming for a small scalp to $195 - $199.
Sell near $199 - $202, as resistance is strong.
Stop-loss below $182, as further downside risk exists.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $202 or breakdown below $185.
Execution:
If SOL breaks $202, scalp long targeting $210 - $215.
If SOL drops below $185, scalp short to $175 - $170.
🩸 3. EMA Scalping
Why? SOL is consistently rejecting the 50 EMA, meaning shorting resistance is effective.
Execution:
Short near EMA (~$195 - $200) if price fails to reclaim it.
Go long only if price reclaims EMA with strong volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Neutral
Why?
Continued lower highs, signaling no recovery momentum yet.
Breakdown from $210 - $200 resistance confirmed bearish dominance.
If SOL fails to reclaim $200+, expect a retest of $175 - $170 before stabilizing.
Only a strong move above $202 can trigger bullish recovery to $215 - $220.
🔥 News & Market Context:
No major bullish catalysts, meaning Solana lacks a strong recovery trigger.
Liquidity grab scenario likely, where market makers push SOL below $185 before reversing.
Watch for Bitcoin's impact, as SOL follows BTC’s overall market direction.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Range scalping is viable, but only with caution.
🩸 Mid-term: Bearish unless SOL breaks and holds above $200+.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs unless $202 is reclaimed.
👑 Final Verdict:
Solana is still in a bearish phase. If it fails to break $200, expect a deeper correction to $175 - $170. 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.