Solana (#SOL): current situation and future prospectsSolana (#SOL): current situation and future prospects
Current Price: The SOL price level remains volatile, reflecting the overall market sentiment.
Trading volume: After a period of low activity, volumes are starting to gradually recover.
Technical Analysis: The price is approaching key support and resistance levels. It is important to keep an eye on the areas around TSXV:XX (depends on the current price) to confirm further direction.
📈 Outlook:
Solana continues to grow the ecosystem and attract new projects. Several factors could influence the future of the cryptocurrency:
Fundamental potential: The Solana network is actively used in DeFi, NFT and other areas. An expanding ecosystem will keep interest in the token alive.
Updates and improvements: Constant updates to the network make Solana competitive with other blockchains.
Investor interest: Increased institutional interest in Solana could be a driver of price appreciation.
⚡ Trading strategy:
Short-term: Given the volatility, SOL is suitable for active traders. Keep an eye on support/resistance level breakouts and trading volumes.
Long-term: For investors with a 1-2 year horizon, Solana remains a promising asset, especially if the cryptocurrency market enters a growth phase.
Solanalysis
SOL (1M_Journey) Entry ( 168.8 ) Target ( 190) Stop ( 160 )BINANCE:SOLUSDT
1 Million Journey.
It is a long journey with NO FOMO & NO RUSH.
In those trades i will try to make 1 million USD from 1000 USD.
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(4)
Entry ( 168.8) 1000$
Target ( 190)
Stop ( 160 )
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General information
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1. throw this challenge i will try to make 1 million USD from 1000 USD
2. It will be very long journey not fixed by time with NO FOMO & NO RUSH.
3. I will take this challenge by my personal money and my personal decisions so please if you need to follow ( do your own plan).
4. May be i can achieve that target and may be not.
5. I think it will be educational challenge.
6. May be a lot of challenges Throw the journey, i will try to correct the path every fall.
6. I do not need 1000X in one coin but i need small profit with a lot of successful trades depend on the following formula for 10% Profit
NST= ( IN(FV/C) ) / ( IN (1+P) )
NST = Number of successful trades (NST)
FV = Final value
C = Capital
P = Profit percentage
IN = Natural logarithms ( IN from calculator)
NST = ( IN ( 1000 000 / 1000 ) / ( IN ( 1 + 10% ) ) = 6.908 /.09531 = 73.5 Successful trade. with no loses.
Risk management
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1. Entry by 50% or 75% depend on the market situation.
2. Maximum 5% loses per trade.
3. Maximum 1 lose per day.
4. Maximum 2 loses per week.
5. Maximum 2 trades per day.
6. Minimum rewards has to be 5% and the maximum depends the coin targets & market situation.
Trading rules
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1. Figuring the best entry point.
2. After achieving more than 5% profit moving stop loss to secure 5% profit .
3. Trading available opportunities in the market ( everyday - every week - every month)
4. Trading will be spot only.
5. Trading will be with trusted & high liquidity platform ( Binance coins).
6. (Monitoring coins - low liquidity coins) will not be traded .
7. (High rewards -low risks - fast trades - lower time frames ) will be traded.
Notes
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1. these rules can be changed due to the market situations and new challenges.
Remember always, NO FORMO - NO RUSH It is a long journey.
Thank you for reading,
@Crypto_alphabit
Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97.
We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it!
If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working!
Happy Trading
Mindbloome Trader
SOL AnalysisHello,
Here is my plan IF we see a breakout from this trendline to the upside.
I am planning to hold it until it reaches the diagonal trendline that was validated with the recent swing high. I've marked it for you.
Stop loss is below the swing low and the downside of the trend channel for more security and to avoid fake outs.
Please dyor and enter only if the price breaks like mentioned above.
Stay safe and keep earning :)
SOL AnalysisHello Traders!
I've been analyzing the market today and I decided to open this trade.
It is a bit risky but the risk to reward ratio is big. I'm expecting this move to be a bear trap. I might be wrong as this is like trying to catch a falling knife (which almost never works as expected). I am just trying some new things and my experience allows me to try this from time to time. I'll keep you updated. I do not recommend taking this trade, but I want to show you that I am fully transparent and I will show you all of my trades. No matter losing or winning. Stay safe, do not risk more than 3% of your portfolio and keep earning! :)
📉📈 Solana (SOL) Analysis 🌐💹📰 Recent Bullish News:
Bullish news surrounding Solana this week.
📊 Chart Analysis:
Despite news, current chart analysis doesn't appear too bullish.
🔄 Recent Price Movement:
Found support around $80.00 last week and moved to the next resistance at $95.00 - $105.00.
📉 Potential Scenarios:
If rejected at current resistance, possibility of downside to $75.00 - $80.00 support.
Breakthrough at $105.00 could lead to $140.00 - $150.00.
📣 Conclusion:
Despite recent bullish news, chart analysis suggests caution.
Possible scenarios include rejection leading to downside or breakthrough to higher levels.
Stay tuned for market updates! 📰💹 #Solana #SOLAnalysis #CryptoMarket 🌐📊
Solana Getting Ready for a Dump? Here's How to Trade This!Solana pulled back to the bull channel support after ripping to $68.00. We're seeing some strong bull channel support at $51.00, but is it enough to continue the trend? There are a few ways we can look at this chart, let's explore.
How do we trade this?
Entering a trade at this level is weak. Bull channel support and the previous resistance levels are very close to the current price and we don't have a strong signal either way. It's reasonable to be biased toward a long since we're in a bull channel, but we have not seen a strong confirmation bar. Bitcoin, as a leading indicator, is also failing to break Weekly resistance and is signaling a pullback, which may impact Solana's ability to go up. RSI is also around 60 and while not a strong indicator, gives us *some* bias toward the downside.
We need a sell signal at resistance, or a strong buy signal on bull channel support with follow-through before entering a trade. A reasonable stop loss for a long is below the bull channel support or below the 30EMA and above the previous resistance if we're shorting. The bottom line, we need a little more price action before rushing into a trade.
Key Points
1. Bull Channel, Look for Long Entry.
2. Near Previous Resistance.
3. Wait for a sell signal at Bull Channel Resistance.
4. Wait for a breakout of Previous Resistance.
5. RSI is near 60, Bias toward the downside.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
SOL PUMP COMMING !!!!!SOL Breaks the symmetrical triangle to the Downside and now it is Trading at the Major Support Zone of $42.5-$40 . SOL needs to Hold This Support Zone to be bullish . I'm expecting bounce from this zone . If SOL Will lost this support zone then we may see 40% More Correction in SOL . Next Good Support zone IS $23-$22 .You Can Add some SOL b/w
$42-$40 With the tight StopLoss Below this zone . Targets Will be $47 ,$57 , $70 .
If You like My analysis Then Hit The like button to motivate me .❤️
SOL inside rising wedge#SOL/USDT
$SOL is trading inside rising wedge that is a reversal pattern and if price break the lower line of this pattern it can drop to parallel trend lines with upper line of wedge around support zone between $173 and $167.
but if #SOLANA price break the upper line, it will increase toward parallel trend line with lower line of wedge around $210 and $220.
Sol Chart Analysis ? Solana #SOL USDT 4H Chart SIGNAL by CryptolernersBD
♻️ Sol Here Looking Juicy But I Will Suggest All Of You , Buy After Breakout $165 Price. If Price Successfully Close Above Then We Will Take Entry. At This Moment Lot's If Trader Taken Entry After Breakout The Triangle Pattern. Now Price Can Br Manipulated To Hit Their SL Or Complete The Head & Shrouder Chart. If You Are Following My Chart Than Wait For Breakout My Price Range. And Our Stop-Loss Will Be The 4H Candle Closing Below The $149.5.
Don't Forget To Manage Your Risk. Always Use Stop-Loss & Wait For Breakout ...✅
1D Chart...