Already ready to go longMy bias for Solana is super bullish. I invest in Solana and I think it is still a good price to buy and hold, but I am planning to trade with leverage.
Currently, Daily EMA200 is dead flat and running across the candles.
MACD moving to the upside but still in bear territory.
There is a bullish momentum building up, however, there is a large sell order block sitting above the current price area, and the price can oscillate around EMA200. The similar situation is marked in the blue rectangular box in the chart.
I will open a long position when:
1) EMA 21 >EMA55> EMA200
2) MACD lines cross and move in the bull territory.
3) a daily candle closes above EMA21. (see red vertical line)
Soldusdt
Long - swing trade with 1H and 4H I just entered a long position mainly based on the chart set up in the 4H and 1H charts.
Daily (I always check daily)
Stochastic has reset and is moving to the upside.
4H
All 4H momentum indicators are clearly moving to the upside.
The 4H stochastic has just entered the bull zone, which gives enough time for the price to move up in the 1H chart.
4H candle closed above EMA 21.
1H
1H momentum indicators are all in the bull zone.
soldusdt seell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
SOL Solana bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
SOL Solana is a cypto with a negative overall sentiment recently.
I have the following price targets:
SOL/USDT short
Entry Range: $31 - 34
Take Profit 1: $29
Take Profit 2: $25
Take Profit 3: $22
Stop Loss: $38