Solana - almost, but not ready for long yet Bitcoin bounced off the key support area very healthily in the last US session and most alt coins also showed a sign of strong recovery.
I felt tempted to enter the market. It is nice to buy low, but I need to follow my own simple and basic rules. Although it is tempting, Solana's current chart set up is not quite ready for long for me.
I use two time frames - weekly/daily and daily/4h.
My rules for long Solana:
1) MACD in the daily timeframe needs to be in the bull territory which is above 0. The angle of MACD is not important. It needs to be in the bull zone.
2) Stochastics (9,3,3) in the daily timeframe needs to reset and stochastics lines need to cross and start to move upwards. It cannot be in the overbought territory.
If these two conditions are met in the higher time frame, I go to the lower time frame to start looking for an exact entry point.
3) MACD lines in the lower timeframe properly cross and enter the bullzone or cross and move upwards above the bull zone. Green vertical lines I drew in the chart are good examples.
Currently, the daily MACD lines are in the bear territory. Not only that, the lines are pointing downwards, I can see the signal line is starting to move up and the daily stochastic has reached the overbought territory.
My overall bias for Solana is definitely bullish and I am heavily investing in the asset, however, I need to wait a bit longer if I decide to add more to my portofolio.
Solana
Correction Is Finished For Solana SOL, $300+ Is NextHello, Skyrexians!
Today it's time to observe BINANCE:SOLUSDT the most overbought crypto of 2024. Today we will not try to guess where is going to be top and bottom, look at the local picture instead because in the short term it's about to show the significant growth.
Let's take a look at 12h time frame. We can mark the previous impulse with the green. Decrease from the top can be counted as a correction because of its ABC Elliott waves structure. Now the Bullish/Bearish Reversal Bar Indicator can print the bullish green dot which inside the Fibonacci support level can be the strong reversal sign. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . If reversal will be confirmed, the next target is somewhere above $300. When price will reach it we make an update.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Identify Memecoin scams complete guide🔸Learn to identify memecoin scams effectively by recognizing red flags, using essential tools, and understanding various scams like airdrop scams, honeypots, and MeV attacks. The video offers insights from an experienced trader and provides access to a master list of meme coin trading tools for safer trading practices.
🔸Crypto scams are rampant, especially targeting traders unfamiliar with red flags. Knowing these scams can save you from losing your hard-earned money in the meme coin market.
🔸Airdrop scams are common, where scammers send fake tokens to wallets. Interacting with these tokens can lead to a complete drain of your wallet.
🔸Avoiding certain wallets for meme coin trading is crucial. Fantom, while popular, may expose traders to more risks compared to faster and more secure alternatives.
🔸Identifying scams in the cryptocurrency market requires vigilance on token activity and chart patterns. Recognizing indicators such as rug pulls and honeypots can protect investors from losses.
🔸Rug pulls often manifest through sudden price spikes with no selling activity, indicating potential manipulation by developers. This pattern serves as a red flag for investors.
🔸Honeypots are tokens that allow buying but prevent selling, trapping investors. Understanding this concept is crucial for avoiding scams.
🔸Verifying the legitimacy of a token involves checking for duplicate tokens and ensuring liquidity is locked. These steps help ascertain the safety of investments.
🔸Analyzing social media presence is crucial for determining a developer's reliability. Active communication and transparency on platforms like Twitter can indicate a legitimate project.
🔸Using bots to check the history of Twitter accounts can expose recycled profiles often associated with scams. This method enhances the security of investment choices in crypto.
🔸Community takeovers often occur after a developer rugs, allowing the community to reclaim control and potentially revitalize the project. This can lead to a more decentralized management.
🔸Verifying the authenticity of a project's website is crucial. Scammers may create fake sites, so utilizing domain age checkers helps to ensure the legitimacy of the information.
🔸Understanding the dynamics of token holders is crucial in the crypto market. Analyzing the behavior of bundle snipers can reveal potential risks associated with token investments.
🔸Analyzing token holders and their activities can help identify potential red flags. Tools like trench radar scanner assist in monitoring bundle activities and assessing risks.
🔸Visualizing bundle data can enhance decision-making in token investments. Understanding the distribution of holdings among wallets helps assess the stability of a token.
$SOLUSDT LONG AGAINWell, this is quite interesting. Two successful SOL trades, and now I’m ready to try for the third. We’re back in the game! During the night, we saw a nice correction, and it’s a good time to note that the underlying narratives haven’t changed.
Let’s stick to the same strategy as before:
Duration:
This trade can be either short-term or long-term, depending on your goals. You could also consider entering as an investor in the SOL ecosystem, which allows you to average down costs in case the trade doesn’t go as planned. The key here is to monitor funding rates, especially if you’re planning to hold for a longer period.
Target:
The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $37 margin, creating a total position size of $950.
Risk:
This trade is classified as medium risk, particularly if you’re ready to use dollar-cost averaging (DCA) to manage the position. This time, I’ve added an extra layer of caution by limiting potential losses to 60% of the deposit.
Re-entering the SOL Trade: A Strategic MoveYesterday, our SOL idea played out brilliantly, delivering a 65% profit in just 12 hours . While I didn’t hold out until the initial target, I want to be clear about my approach—I calculate not just price movements but the time frame as well. If I see rapid growth within a few hours that yields more than 50% of my deposit, I consider it a solid trade and decide to exit rather than risk overstaying.
By the evening, I closed the trade with satisfaction. However, this morning, the market brought SOL’s price right back to where it started. It’s almost as if the conditions for the trade reset themselves, presenting a renewed opportunity.
With this in mind, I’ve decided to re-enter the trade.
Trade Details
Duration:
This trade can evolve into either a short-term or long-term position based on individual goals. Alternatively, you could approach it as an investment in the SOL ecosystem, allowing you to average down costs if the trade doesn’t play out. Monitoring funding rates remains key to this strategy.
Target:
The goal is to achieve a 100% profit. The entry is made on Binance with 25x leverage, using a $37 margin and creating a total position size of $950.
Risk:
This trade is categorized as medium risk, particularly if you’re prepared to utilize dollar-cost averaging (DCA) to manage the position. This time, I’ve added an extra layer of caution by limiting potential losses to around 60% of the deposit.
Conclusion
Trading is a mix of timing, strategy, and calculated risk. SOL has proven its potential in a short timeframe, and with similar conditions presenting themselves today, I’m ready to take another shot. Let’s see how it unfolds!
I take $SOLUSDT LONGBINANCE:SOLUSDT - Opening a #LONG position
The trade with TON could have been left open, but I decided that fundamentally SOL is stronger in case of a dip. Currently, the market is in a sideways trend, deciding where to move next. For BTC, the support level is around 92-93k, but it doesn’t seem very strong.
SOL is 14% off its previous high and has recovered less than TON. TON is currently down 45%, and while I could have held it, I feel that if things go well, SOL could reach $218. Considering the growing popularity of memecoins, I think Solana has better chances to deliver solid gains.
Duration:
This trade can be either short-term or long-term, depending on your goals. You can also consider entering as an investor in the SOL ecosystem to average down your costs in case of a failed trade. The key is to monitor funding rates.
Target:
Achieve 100% profit. Entry made on Binance with 25x leverage. Margin used: $29.77. Total position size: $744.32.
Risk:
Medium, especially if you’re ready to use dollar-cost averaging (DCA) to manage your position. I’m not setting stop-losses because I currently see a high probability of growth. If it doesn’t work out, this was essentially a $29 lottery ticket.
How to avoid Rug Pulls and Liquidity Drains in SOL meme coins🔸Avoiding rug pulls and liquidity drains when trading Solana meme coins in 2025 requires a combination of due diligence, vigilance, and the use of specific tools. Here’s a detailed guide tailored to the Solana ecosystem:
1. Key Strategies to Avoid Rug Pulls and Liquidity Drains
a. Research the Project
Team Transparency:
▪️Look for projects with publicly known and verifiable team members. Anonymity can be a red flag.
Check LinkedIn, Twitter (X), or other profiles for legitimacy and past project involvement.
Whitepaper and Roadmap:
▪️Analyze the project's whitepaper for clarity and feasibility.
Ensure the roadmap includes realistic goals and avoids vague promises.
Community Engagement:
▪️Active and engaged communities (Discord, Telegram, Reddit) can indicate a healthier project.
Beware of overly hyped communities with excessive "pump" language.
b. Analyze the Tokenomics
Liquidity Pool:
▪️Ensure the liquidity pool is locked or held by a reputable escrow service to prevent developers from withdrawing funds suddenly.
Use Solana-specific tools (like Solscan) to verify liquidity lock status.
Developer Token Allocation:
▪️Check for disproportionate allocations to the development team. A large percentage held by insiders can indicate a risk of manipulation or sell-offs.
Audit Status:
🔸Prefer tokens that have undergone independent audits by recognized blockchain security firms like CertiK or Solana-based auditors.
c. Study the Smart Contract
Contract Code:
▪️Review the smart contract (if you have technical knowledge) or rely on tools that provide an analysis.
Red flags include backdoors allowing developers to mint unlimited tokens or withdraw liquidity.
Permission Levels:
Ensure no single wallet has excessive control over critical functions like pausing trading, minting new tokens, or withdrawing liquidity.
d. Monitor Market and Social Media Behavior
Market Activity:
▪️Avoid coins with extremely low liquidity, as they are more susceptible to price manipulation.
Check for unusual trading spikes or patterns that might indicate pump-and-dump schemes.
Social Media Presence:
▪️Beware of projects that rely heavily on influencer marketing without substantive details about their goals or utilities.
Look out for fake followers or bot-driven hype.
2. Tools for Due Diligence in Solana Meme Coins
a. Blockchain Explorers
Solscan:
🔸View wallet activity, contract interactions, and token distribution.
Check for locked liquidity and identify wallets holding large token supplies.
using solscan and api access for on chain data analysis.
Analyze transaction history and track the project’s on-chain activity.
b. Security Auditing Tools
CertiK:
Verify if the project has been audited by CertiK or a similar security firm.
CertiK audits provide insights into vulnerabilities in the smart contract.
SlowMist:
▪️Another reputable auditing platform to check for security breaches or exploits in the project.
c. Rug Pull Detection Tools
Token Sniffer (Adapted for Solana):
▪️Similar to Ethereum tools, some platforms analyze Solana tokens for potential rug pull risks.
Features include checks for locked liquidity and large holder analysis.
CryptoScamDB:
▪️A database of reported scams to check if a project is flagged for suspicious activity.
d. Community Monitoring Platforms
CoinGecko & CoinMarketCap:
▪️Check for newly listed coins and monitor their market cap, liquidity, and trading volume.
Look for warnings or red flags.
Solana Forums and Reddit:
▪️Active discussion threads often highlight community concerns and early scam warnings.
e. Decentralized Exchange (DEX) Tools
Raydium and Orca:
Use these DEXs to view liquidity pools and trading patterns.
Tools within these platforms often allow for deeper insights into token health and activity.
f. Portfolio Management Apps
Zerion or Solflare:
Monitor your investments and get alerts for suspicious activity or major price changes in your Solana meme coin holdings.
3. Red Flags to Watch For
Unlocked Liquidity:
▪️If liquidity isn’t locked or is held by a single wallet, avoid the project.
No Audit or Independent Review:
▪️Projects without an audit from a recognized firm are riskier.
Suspicious Token Distribution:
▪️High concentration of tokens in a few wallets suggests potential pump-and-dump schemes.
Fake Partnerships and Claims:
Verify any claims of partnerships with other projects or companies.
Sudden Hype and Promises of High Returns:
🔸Be wary of projects that use aggressive marketing tactics but lack clear fundamentals.
4. Additional Tips
Diversify Your Investments:
▪️Never allocate more than you can afford to lose, especially in meme coins.
Stay Updated:
▪️Follow reputable Solana-focused news outlets and analysts to stay informed about emerging scams or market trends.
Join Trusted Communities:
🔸Conclusion
By using tools like Solscan, CertiK audits, and Solana Explorer, and by conducting thorough due diligence, you can significantly reduce the risk of falling victim to rug pulls and liquidity drains. Combine these tools with vigilance, skepticism, and a diversified investment strategy to navigate the volatile world of Solana meme coin trading successfully.
Solana - It Just Looks Super Bullish Now!Solana ( CRYPTO:SOLUSD ) is creating a break and retest:
Click chart above to see the detailed analysis👆🏻
With the last monthly candle of more than +40%, Solana broke all resistance towards the upside and finally created a new all time high. Now we are seeing the perfect retest of the previous resistance which is now turned support and another strong move higher is absolutely possible.
Levels to watch: $200, $400
Keep your long term vision,
Philip (BasicTrading)
sol buy midterm"🌟 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! 📊💡"
$MLG Poised for 70% Surge as Bullish Flag Pattern EmergesBrief Overview
The ASX:MLG token, a Solana-based memecoin, has captured significant attention in the crypto community with its vibrant culture and growing ecosystem. Boasting a market capitalization of $93.88 million and a thriving Telegram community of over 4,000 members, ASX:MLG is rapidly solidifying its position as a formidable player in the memecoin space. Technical analysis suggests the token is on the verge of a 70% price surge, driven by a confirmed bullish flag pattern.
The MLG Project
360noscope420blazeit is more than just a token; it’s a nostalgic homage to classic gaming culture. The project seeks to revive the essence of early gaming days—from playing multiplayer games with friends to enjoying Mountain Dew and sharing dank memes. Leveraging this nostalgia, ASX:MLG bridges the gap between Web2 and Web3 by blending timeless gaming memories with cutting-edge blockchain technology. Its influence extends into NFT creation, meme culture, and the broader trolling community, making it a unique contender in the crypto space.
Trading and Market Performance
ASX:MLG is actively traded on decentralized exchanges (DEXs) like Raydium and centralized platforms like MEXC. On Raydium, the MLG/SOL trading pair has seen a 24-hour volume of $35.31 million, showcasing robust market activity. The token’s overall daily trading volume is $53.63 million, though this marks a 17.40% decrease from the previous day. Despite this, the token’s historical performance demonstrates resilience:
- All-Time High (ATH): $0.1586 (Jan 8, 2025), currently 38.88% lower.
- All-Time Low (ATL): $0.001175 (Oct 27, 2024), with a staggering 8,154.23% gain from the ATL.
Technical Analysis
Currently priced at $0.0888, ASX:MLG has displayed a temporary dip of 2.09% as of this writing. Despite this decline, technical indicators and chart patterns highlight significant bullish potential:
1. Bullish Flag Pattern: The chart reveals a bullish flag, a continuation pattern signalling a potential upward breakout. This pattern often leads to substantial price surges once confirmed.
2. Relative Strength Index (RSI): At 46.72, the RSI indicates a neutral to slightly bearish momentum, presenting an opportunity for accumulation before the anticipated rally.
3. Support and Resistance Levels: In case of a retracement, ASX:MLG may test the $0.063 pivot level as support. However, the bullish flag suggests a likely move toward the $0.165 mark, representing a 70% surge from the current price.
Several factors contribute to ASX:MLG ’s promising outlook:
1. Community and Culture: The project’s nostalgic appeal resonates with a broad audience, driving organic growth and engagement.
2. Limited Major Exchange Listings: With only MEXC among its centralized exchange listings, ASX:MLG has untapped potential for further exposure through additional listings.
Conclusion
ASX:MLG token’s blend of cultural nostalgia and robust technical indicators makes it a standout in the memecoin space. The confirmed bullish flag pattern, combined with its growing community and market presence, points to a likely 70% surge in the near term. For investors, the current price levels offer an attractive entry point, with potential gains outweighing the risks of a minor retracement.
As ASX:MLG continues to bridge the gap between Web2 and Web3, its impact on the crypto market—and its price trajectory—is worth watching closely. Whether you’re a nostalgic gamer or a savvy investor, ASX:MLG ’s journey is one you don’t want to miss.
Public trade #3 - #SOL price analysis ( Solana )The CRYPTOCAP:SOL price has already dropped into the medium-term Buy zone
If you see prospects for #Solana and want to buy this coin for your investment portfolio, then the $155-190 buy zone is just for you
The price of OKX:SOLUSDT shouldn't go any lower if the “planned” targets for further growth to $340, $650, and even $1100 remain relevant in MM.
📈 As for how to buy: either with limit orders at $190 and $155 or at an average price of $173, or with a “grid” in the specified range - it all depends on the amount of your deposit allocated to this asset and your trading strategy in general.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
SOL's situationSOL has crafted an Inverse cup and handle pattern which is gonna Decrease the price.
the break out has not happened yet!
we can't be sure about the bearish movement yet cause no break out has happened!
Support zones are shown on the chart.
the strongest support zone is the ultimate comeback point for SOL if things go south.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
👉 Follow me for daily updates,
💬 Comment and like to share your thoughts,
📌 And check the link in my bio for even more resources!
Let’s navigate the markets together—join the journey today! 💹✨
Solana Dumpening Part II: Return of the BoxAnd back into the box she goes (as per HTF analysis posted earlier on my account (big blue line still visible):
The good thing is the box acts as strong demand area
The bad thing is -- at least short term more pain and blood from SOL holders is demanded by the markets
Pray that the box holds though...
if it doesn't... bad times (low probability though IMO)
BTC, TON, SOL - Heavy LONG!If you’re looking for a potential entry point, BTC, TON, and SOL are currently highlighting the same compelling pattern, making a strong case for a long position. Let’s analyze the technical and fundamental factors suggesting an upward reversal could be imminent for all three assets.
Fundamentally Strong Assets
Every trade begins with solid fundamentals, and BTC, TON, and SOL all exhibit strong intrinsic value. This makes them strong candidates for recovery after recent volatility. Aligning technical indicators with their fundamental strength increases the likelihood of success.
Significant 3-Day Drop
Each asset has experienced a sharp decline over the past three days, signaling potential overselling. Such rapid drops often push assets into undervalued territory, creating an opportunity for a significant bounce, especially when paired with key support levels.
Triple-Tested Support
All three assets have tested their support levels three times, solidifying these zones as strong foundations. Multiple tests without a breakdown often signal a potential reversal, as sellers struggle to push prices lower.
Outside Bollinger Bands
Currently, BTC, TON, and SOL are trading outside their lower Bollinger Bands, a classic indicator of oversold conditions. This suggests that bearish momentum is waning, with a likely return toward the center of the bands.
Below All Major Moving Averages (MAs)
Prices for all three assets are sitting below their 50 MA, 100 MA, and 200 MA. While this might initially appear bearish, it also indicates they are in extreme positions, primed for a rally when momentum shifts.
MACD and RSI Signal a Reversal
MACD and RSI for BTC, TON, and SOL are signaling bullish momentum:
• MACD: Showing signs of convergence or a potential crossover, often a precursor to upward movement.
• RSI: In oversold territory, indicating undervaluation and readiness for recovery.
Too Many Bullish Factors to Ignore
With these overlapping patterns, BTC, TON, and SOL present rare alignment across both technical and fundamental indicators.
• Timeframe: Can be short-term or long-term, depending on your strategy. For TON, Solana you can also invest in its ecosystem and utilize DCA strategies for risk management.
• Target: 100% potential gain.
• Position Details: Entered with Binance x25 leverage, $30 margin, total size of $770.
• Risk Level: Medium, provided you’re ready to apply DCA for better control over your position.
This confluence of signals creates a high-conviction trade opportunity. Are you ready to take advantage of it?
But be cautious! This is still just gambling :)
SOLUSD: Rejection on the 1D MA50 turning to a buy opportunity.Solana turned bearish on its 1D technical outlook (RSI = 43.075, MACD = -3.090, ADX = 38.836) as it got heavily rejected yesterday on the 1D MA50. The price approached the 0 Fibonacci level which is the top of the bottom zone of the Channel Up. Technically as long as the 1D MA200 is intact, the pattern is intact and the trend remains bullish. Since the price is this close to the bottom, this 1D MA50 rejection has turned into the best buy opportunity for the short term. Once the 1D RSI dips a little lower, it will be identical to all prior RSI bottoms of the Channel Up. This is worth turning bullish right now, we are aiming for the 0.786 Fibonacci level (TP = 340.00).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##