SOLANA (SOLUSDT) 4H Timeframe, BIG LONG TRADE Targets Done!SOLANA (SOLUSDT) 4H Timeframe Trade Overview:
Position: Long
Entry: 143.38
Targets: TP1 (148.33), TP2 (156.32), TP3 (164.32), TP4 (169.26)
Stop Loss: 139.39
Performance Recap: Solana surged and achieved all targeted levels in this 4H trade setup. Riding above the Risological dotted trend line, the bullish momentum was strong enough to reach TP4, capping a well-structured move.
Market Stats:
Volume: 3.98M
Average Volume (30D): 9.02M
Performance:
Weekly: +8.96%
Monthly: +15.53%
Year-to-date (YTD): +77.77%
Annual: +451.45%
Analysis : With sustained volume and remarkable performance metrics over the past year, Solana’s upward trend reinforces the bullish sentiment. Given the fulfilled targets, it’s wise to monitor volume and possible retracement levels for future entries.
This setup exemplifies a solid risk-reward scenario, demonstrating precision in capturing price momentum across predefined take-profit levels.
Solanaanalysis
GOAT Soars After Binance and MEXC Listings: Can $GOAT Reach $1?In a major development for meme coin enthusiasts, Binance, the world's leading cryptocurrency exchange, has officially listed Goatseus Maximus ( MIL:GOAT ), sparking a price surge of over 20% within 24 hours. With Binance's introduction of a futures contract for GOAT and MEXC’s support driving early momentum, the token is showing significant potential as it eyes the $1 mark. Here’s an in-depth look at the latest market action, technical insights, and the token's fundamental appeal.
Binance's Futures Contract: A Game-Changer for MIL:GOAT
On October 24, Binance announced it would launch a GOATUSDT perpetual futures contract with up to 75x leverage, amplifying the excitement surrounding the MIL:GOAT token. This high-leverage option allows traders to take substantial positions, potentially maximizing gains with relatively small capital. Binance’s move has brought massive visibility to MIL:GOAT , creating a trading environment that enables users to utilize various margin assets, including Bitcoin (BTC) and Ethereum (ETH), enhancing flexibility for futures traders.
To further bolster trading dynamics, Binance will settle funding fees every four hours, ensuring a fast-paced and engaging market for those looking to capitalize on short-term price movements.
Early Momentum on MEXC Exchange
MEXC was the first exchange to list MIL:GOAT for spot trading on October 13, followed by futures trading on October 17, making the platform a critical part of the token's early success. Since then, GOAT’s market cap on Solana has surged past $800 million, hitting a historic peak of 0.90218 USDT on MEXC. This solidifies the token's standing as an emerging powerhouse among meme coins, with a daily trading volume reaching $246 million as of October 24. MEXC’s timely events and reward programs have actively engaged users, adding to GOAT’s increasing trading volume and visibility.
What is Goatseus Maximus ( MIL:GOAT )?
GOAT was born from the Truth Terminal AI Bot, a semi-autonomous artificial intelligence concept designed to engage with meme culture. The token, initially created on Pump.fun, quickly garnered market attention, capturing the essence of meme coin culture while leveraging a story-driven approach.
This engaging origin story, coupled with human-moderated interactions on X (formerly Twitter), makes GOAT unique in the meme token space. Dubbed the “first meme created by Truth_Terminal,” Goatseus Maximus has evolved into a symbol for the “prophecies of ancient memeers,” adding a layer of lore that resonates with a wide audience of meme enthusiasts and crypto traders alike.
GOAT Token’s Live Data and Market Performance
At the time of writing, the MIL:GOAT token is priced at $0.67, with an impressive 24-hour trading volume of $555,720,410. Despite a recent pullback, the token has shown resilience with a market cap of $622 million and ranks #113 on CoinMarketCap. Its circulating supply of 999.9 million coins, close to its max supply of 1 billion, ensures a well-defined scarcity factor which adds to its value proposition.
Technical Analysis
After peaking at $0.90218, MIL:GOAT is currently trading around $0.67, up 6% in consolidation. The RSI (Relative Strength Index) sits at 46.80, indicating the potential for a trend reversal. The token is maintaining its support level at $0.60, which traders see as a crucial floor. If it holds, analysts expect a potential rally towards the $1 resistance level before a pullback. As a recently listed coin, GOAT’s price action may remain volatile, but the support from Binance and MEXC listings has established it as a “blue-chip” meme coin in the making.
Drivers of MIL:GOAT 's Value
1. Major Exchange Listings: The listings on Binance, MEXC, and upcoming support from OKX position GOAT for substantial exposure, allowing greater liquidity and attracting a broader pool of traders.
2. Memetic Appeal and Engaging Storyline: With roots in AI-based creation, the “prophecy” theme and Truth Terminal Bot engagement offer a narrative that goes beyond price speculation, driving community interest and potentially fostering a loyal holder base.
3. High Leverage Trading Opportunities: The 75x leverage on Binance’s futures contract, along with multi-asset margin options, make GOAT attractive to risk-tolerant traders looking to maximize short-term gains, thereby adding liquidity and trading volume.
4. Strong Community Backing: The narrative and social media presence around GOAT contribute to its appeal as a meme coin with cultural significance, resonating with both meme enthusiasts and serious traders who value community-driven tokens.
Conclusion
As MIL:GOAT moves toward the $1 milestone, its journey underscores the impact of strategic exchange listings and a compelling origin story. While volatility is expected, GOAT’s strong market entry suggests it’s not just a flash in the pan. With Binance, MEXC, and the community rallying behind it, Goatseus Maximus ( MIL:GOAT ) might just prove to be the “GOAT” of meme coins. As traders and enthusiasts closely watch its price action, the meme token has positioned itself as a viable contender in the crypto market.
Solana Full Analysis Everything You Need to Know Afternoon Traders
So I break down Solana for you today as its shaping up our first tp is 189 that we are heading to however if we break past that 195 is a great next tp to get to.
In this video I go through the levels and why behind it to make sure you understand what levels to look out for when trading.
If you found this video helpful let me know with a comment, follow or boost. I appreciate it
Mindbloome Trading/ Kris
Trade What You See
Solana amid network usage: bull rally ahead? Solana (SOL) has witnessed a notable surge in user activity over the past month. The chain’s daily active address and transaction count have skyrocketed by double digits in the past 30 days.
This uptick in network demand may directly fuel SOL’s rally above the $200 price mark for the first time since April.
Over the past 30 days, demand for the Solana network has surged, as evidenced by an increase in daily active addresses. According to data from Artemis, 7 million unique addresses have completed at least one transaction on Solana during this period, marking a remarkable 70% increase.
This rise in active addresses has naturally led to a corresponding uptick in daily transaction volume on the network. Over the same 30-day period, Solana has processed 44 million transactions, representing a 24% increase in daily transaction count on the L1.
As more users engage with a blockchain network, the utility of its native asset (SOL in this case) increases. High usage indicates that more transactions are occurring, often requiring more of the network’s token to pay transaction fees. This boosts demand for the asset, driving up its price.
If Solana continues to experience increased network activity, driving demand for SOL, its price—currently at $166.15—could break past the resistance level of $172.53.
A successful breach of this resistance would set the altcoin on course to reach $194.12. Should buying momentum continue to increase, Solana’s price could reclaim $210.18, a level it last touched in March.
However, if user activity on Solana declines and demand for SOL weakens, the price may test support at $148.15. Failure to hold this level could push the coin down further to $133.76, invalidating the bullish outlook.
SOLUSDT - the real indicator of bear market!I think everyone should take this chart as a basic reference for trading
Why is sol considered a real indicator of the market situation?
sol is one of the biggest coins in terms of market cap ( 5th in ranked with 78.2B in marketcap)
As you can see on the chart in front of you, sol rose more than 600% last October when it broke the 300 day of accumulation and it was a strong entry signal for all other currencies
Now on the weekly chart we see that sol is forming a wyckoff distribution pattern. I uploaded a picture to verify this for yourself. check it and you will find it matches what is happening on the chart
You will find the 0.786 level is the bottom, which if it is broken weekly, it is a clear and explicit signal to get out of all your money from the market and make it 100% cash
according to this data i see that will happen within 2 months
Best regards Ceciliones🎯
Solana (SOL) Eyes $200 Breakout Amid Market SurgeSolana ( CRYPTOCAP:SOL ) has seen a remarkable surge in market activity, with its price climbing 12% in the past week alone. The altcoin currently trades at $165.35, just below a crucial resistance level of $171.74. This rapid rally has ignited speculation that Solana ( CRYPTOCAP:SOL ) could soon break through the $200 mark, setting the stage for a potential extended uptrend.
Solana’s recent performance is driven by several technical and fundamental factors, which suggest both opportunities and risks for investors. Here’s a comprehensive look at the key drivers behind SOL's current price movement.
Technical Analysis:
Solana's price action has been characterized by sustained buying pressure, with the token testing the $171.74 resistance level. A successful breach of this resistance could pave the way for Solana to rally toward its next major resistance at $186.32. If CRYPTOCAP:SOL breaks through this, it could potentially push past the psychological $200 mark, a price not seen since March.
The Relative Strength Index (RSI) is at 68.50, indicating that the asset is nearing overbought territory. While not yet in the danger zone (above 70), the RSI suggests that Solana ( CRYPTOCAP:SOL ) has experienced strong buying momentum, which could slow down if the token becomes overbought and faces selling pressure. Despite this, the asset is still in a bullish position, with its RSI confirming the strength of its upward trend.
Symmetrical Triangle Formation
Another important technical indicator is the symmetrical triangle pattern that has formed on Solana’s daily price chart. This pattern is often associated with the potential for a breakout in either direction, but given Solana’s current upward trajectory, a breakout to the upside is more likely. The key pivot point for this pattern is set at $200—if CRYPTOCAP:SOL reaches this level, it could trigger an explosive rally as traders pile in, sensing a clear upward trend.
However, traders should keep an eye on support levels at $131.38. A failure to maintain momentum could lead to profit-taking, pushing the price lower and testing these critical support areas. Such a scenario would invalidate the bullish thesis, at least in the short term.
Open Interest and Market Sentiment
One of the key factors driving Solana’s price rally is the significant rise in open interest for its futures contracts. Open interest has surged by 29% since October 18, reaching $2.31 billion—its highest level since August. This spike in open interest signals growing market participation and interest in Solana, indicating that traders are actively betting on continued price appreciation.
When rising open interest accompanies price increases, it typically confirms the strength of an uptrend, as it shows that more market participants are willing to place long positions. Solana’s **positive funding rate of 0.012%** further supports this trend, indicating that traders are paying a premium to hold long positions, reflecting bullish sentiment in the market.
Avoiding a Short Squeeze
Unlike many other altcoins that face short squeezes when their prices rise rapidly, Solana’s rally has been driven by demand for long positions rather than short covering. This dynamic suggests that the current price surge is based on genuine market demand rather than forced liquidations, which bodes well for the sustainability of the rally.
Ecosystem Growth and Technological Advancements
Solana’s growth isn’t just driven by speculative interest; the altcoin’s underlying ecosystem is expanding rapidly. Solana’s high throughput and low transaction fees make it an attractive option for decentralized applications (dApps) and decentralized finance (DeFi) projects. As Solana continues to attract developers and users, its utility as a platform token strengthens, further driving demand for SOL.
Moreover, Solana’s scalability solutions have continued to evolve, making it one of the most promising blockchain networks for the long term. The ongoing growth of **Solana-based dApps, NFT platforms, and DeFi projects** has brought more attention to the network, increasing its appeal to both institutional and retail investors.
Looking Ahead
While Solana’s technicals suggest a potential breakout, it’s important to consider the broader market environment. If Bitcoin (BTC) continues its bullish trend, it could help propel Solana ( CRYPTOCAP:SOL ) and other altcoins higher. However, if the broader crypto market experiences a correction, Solana ( CRYPTOCAP:SOL ) could face headwinds, especially if traders decide to take profits at key resistance levels.
If Solana ( CRYPTOCAP:SOL ) breaks through $171.74, the next major hurdle is $186.32. A move past this level could see CRYPTOCAP:SOL rally toward $200. However, failure to break through could result in a retracement to $131.38, where key support lies.
Conclusion
Solana ( CRYPTOCAP:SOL ) is at a critical juncture, with its price action signaling both opportunities and risks for traders. The altcoin’s technical indicators, such as the RSI and the symmetrical triangle pattern, suggest a potential breakout to the upside, while its rising open interest and positive market sentiment confirm the strength of the rally.
However, investors should remain cautious of potential profit-taking and overbought conditions, which could lead to a pullback. The next few days will be crucial in determining whether Solana can sustain its upward momentum and break through the $200 mark.
For now, the bullish case remains intact, and all eyes are on whether Solana ( CRYPTOCAP:SOL ) can achieve its next leg up in the ongoing rally.
Solana SOLUSD makes official breakout from 3 month trading range
SOLUSD in the Crypto space, in terms of daily volume it is rather shallowly traded in comparison to other big-Cap Cryptocurrency's, but its rumoured to be a front-runner during the Crypto breakout, which I believe has commenced (I better pinch myself so I don't forget). Up over 4% today Monday at time of writing during Asian session.
SOLANA COIN SWING LONG IDEA - ALTCOIN MARKET - SOLSolana is one of my favorite coins for the 2024-2025 altcoin bull run. It has strong fundamentals, as well as a supportive community.
The price is coming from the discounted monthly demand zone. The weekly structure is also bullish, and the daily structure is accelerating upward momentum. I believe we will easily reach the purple targets and eventually return to all-time highs.
I’ve bought a spot bag here. It may retrace slightly before taking off, so invest and trade accordingly.
Nothing i share is financial advice. Education purposes only.
Solana 18% gain may reverse: analysisAfter posting an impressive 18% rally over the past 30 days, Solana’s (SOL) price now faces the risk of a deeper pullback that could wipe out a substantial portion of those gains. On Wednesday, October 15, SOL attempted to retest the $160 level but failed to break through.
The cryptocurrency is now on the verge of falling below the critical $150 support level. If SOL dips beneath this region, this analysis indicates that the drawdown could result in the asset ending October with a net negative return.
In August, when SOL reached the $153 mark, it quickly lost 15% of its value, dropping to $129.35. September saw a similar pattern with a 12% decline, while October followed suit with a 10% drop under comparable conditions.
If this pattern continues, Solana could be facing another double-digit decline. The indicator reinforcing this bearish outlook is the Chaikin Money Flow (CMF), which measures the volume-weighted average of accumulation and distribution. A higher CMF reading signals stronger accumulation, while a lower reading indicates increased distribution.
On the daily chart, the CMF has dropped below the zero signal line, signaling that Solana is facing heightened selling pressure. If the current trend continues, this further supports the forecast of a potential double-digit decline in SOL’s price.
If negative scenario plays out, SOL could see a 10% decline to $136.07, echoing the price movement seen between October 1 and 3. In an even more bearish scenario, if selling pressure intensifies, Solana might experience a further decline, with its price dropping to $125.02.
Conversely, if SOL manages to hold above the $150 support, a rebound could be on the horizon. In this case, Solana might rally toward $173, a level it hasn’t reached since July.
Solana (SOL) eyes $210 as amid make-or-break resistanceSolana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation.
Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend.
Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher.
If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March.
However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
Solana Roadmap!!!Today, I want to analyze the Solana ( BINANCE:SOLUSDT ) project for you; I hope it will be useful 😊.
First, let's have a fundamental analysis of the Solana project .
1. Network and On-Chain Performance :
Solana, using its Proof of History (PoH) technology, is known for high speed and excellent scalability.
The number of transactions and active users in its on-chain ecosystem continues to grow, and the total value locked (TVL) in DeFi protocols on Solana remains high.
However, network outages in the past have slightly damaged user and investor trust.
2. News and Developments :
Solana is actively collaborating with new NFT and DeFi projects, contributing to the growth of its ecosystem.
The development team is working on resolving technical issues and upgrading the network to enhance stability and security.
---------------------------------------------
Now, let's take a look at Solana's technical analysis .
When Bitcoin( BINANCE:BTCUSDT ) touched $50,000 on August 5 , Solana also touched $110 , with so much volume that these last two months' moves seem to be in the form of a correction , and we should expect another Solana correction .
According to the theory of Elliott waves , Solana seems to have completed the main wave 3 at $193.9 8 , so that the microwave 5 of the microwave 5 of the main wave 3 is truncated .
Before conclusion , let's take a look at the BINANCE:SOLBTC chart .
SOLBTC is moving in a Symmetrical Triangle in the daily time frame, and if SOLBTC starts to increase again from the lower line of the symmetrical triangle , we can hope that if Bitcoin experiences a sharp fall, the Solana project will fall less and vice versa.👇
I expect Solana to drop at least -20% after breaking the Support lines and move back to near the lower line of the descending channel . Factors such as outages or disruptions in the Solana blockchain network can lead to further modification of this token .
Educational tip : TradingView has released a new update for the Parallel Channel these few days, which can be very useful. I definitely suggest you visit this article .
⚠️ Note: If Solana can break the Resistance zone($164-$154), we should expect Solana to rise to $200. ⚠️
Solana Analyze (SOLUSDT), Daily time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
What's next for Solana (SOL)? Key metrics show warning signsSolana (SOL) bulls have managed to maintain their advantage in the market over the last week. Thanks to that, the token has been approaching a crucial level. A breakout above that could push the token’s price further up in the coming days or weeks.
Meanwhile, Ali, a popular crypto analyst, posted a tweet highlighting the fact that SOL was approaching a crucial resistance.
As per the tweet, it was important for Solana to go above the $154 resistance because a rejection at that marl could push the token down. To be precise, a failed test could push Solana down to $85 again, which might be disastrous for several investors.
By contrast, look at Coinglass’ data also revealed that Solana’s long/short ratio dropped – typically a bearish sign.
Solana daily chart's analysis revealed that the Chaikin Money Flow (CMF) registered a downtick. This hinted at a price correction. However, the MACD was bullish as it displayed a buyers’ advantage in the market.
As per Hyblock’s data, if the downturn continues, then SOL has a strong support at $144. From there, the token can make a rebound. If that happens, then SOL might touch $150 before it eyes at $1564.
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.
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.
Is Solana poised for a reversal?Solana’s (SOL) price has faced notable volatility in recent weeks, struggling to overcome resistance at $160. After multiple failed attempts to breach this level, SOL experienced a significant 20% drawdown towards the end of August.
This decline has left many investors cautious, but recent shifts in behavior suggest a potential rebound. Key indicators now point to a possible resurgence in Solana’s price, raising optimism among traders and analysts.
A key factor in assessing Solana’s potential recovery is the recent negative turn in the funding rate. This metric, which tracks the cost of holding positions in the futuresmarket, often signals shifts in market sentiment.
Brian Quinlivan, Lead Analyst at Santiment, noted in an exclusive comment for BeInCrypto that the funding rate is turning negative. This indicates that the bearish sentiment may be reaching an extreme, which sets the stage for a rebound.
Furthermore, the Chaikin Money Flow (CMF) indicator, which measures the cumulative flow of money into and out of an asset, has established a notable pattern for SOL.
Currently, Solana’s price is trading at $132 after bouncing back from the support level of $126. For SOL to resume its upward trajectory, it must break through the local resistance at $137.
Achieving this would pave the way for a push towards the $160 mark. Historical data shows that Solana has experienced similar consolidation phases between $126 and $160, suggesting a rise to this level could be next.
The factors supporting this forecast are substantial, given that in the past, SOL around $126 has led to subsequent price increases. If SOL maintains its gradual upward momentum, the range-tested level of $137 could act as a springboard for further gains, making a rise to $160 possible.
Solana's outperforming, but why is its price crashing?With a 19.14% drop last week, the price for the downtrend continues for Solana this week, with a 5.47% fall last night and breaking below the $130 mark. Further, the recent double-top reversal breaks the neckline at $138 near the 200-day EMA, and the SOL price tests the bottom support zone at $121.
The demand zone at $121 has provided multiple bounce-backs for Solana since the start of 2024. However, the recent double-top reversal warns of a breakdown rally.
Currently, the SOL price is trading at $127 with a Doji intraday candle following the bearish engulfing candle last night. With the long-tail formation, the underlying demand can result in a new bull cycle.
In case of a bearish breakdown, the neck support level is at the $110 low and the $100 psychological mark. However, a broader market impact can result in a new low formation at the $85-$80 demand zone.
On the flip side, based on the Fibonacci levels, a double-bottom reversal from $120 can find resistance at the 23.60% level at $140. A move above $140 can hint at an extended recovery for Solana.
SOLANA (SOLUSD) 170% Profit - Price from $154 to $127SOLANA (SOLUSDT)
Short entry at $124 on 27 August, 2024
Profit target 4 reached on 4 Sep, 2024
At 10x lev, the total profit is 170%
The trailing stoploss for this trade is at $145, so if you are in profit, you can sell 50% and hold your short trade by setting the trailing stop loss at $145
Good luck and all the best.
Namaste!
$SOL wants to flyBut today I would like to focus on the Technical Analysis CRYPTOCAP:SOL perspective:
- The Weekly Stoch RSI it's as oversold as it was in early January, just before the Solana bull run.
- The Daily Stoch RSI it's also quite oversold pointing for a breakout
- We are reaching the final squeeze momentum against the local downtrend
- The $125 support has worked like magic 6 times already
- In every single test we have had a flush followed by a pump of around +32%
- The risk/reward looks top notch to me here