SOLPERP
SOL to $30Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Solana broke out of this triangle 📐 to the upside so there is chance for run to 30.30 and even higher. I traded the initial breakout and I wouldn't chase the market now. One can set BUY LIMIT order to previous range high @ 23.63 to catch🎣 the potential pullback.
ENTRY : local high @ 23.63
STOPLOSS (SL) : local low @ 22.92
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.30
REWARD RISK RATIO (RRR) : 9.3
INVALIDATION : when SL level hit
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Solana (SOL) • Good momentum hitting SR Levels The proper investment strategy seems to be long however NOT to make any new entries at the current levels.
Expecting some correction around these levels. Unless momentum continues to surprise but it is not worth the RR and odds that come with it.
It is important to be on the lookout for the rest of the bidding zones marked in the chart. Those will constitute reasonable price zone to bid and quick invalidation points.
Risk, money and emotional/behavioural management are the most important aspects of being successful in the long term.
Take RISK Management seriously.
NOT FINANCIAL ADVICE.
All CONTENT is intended for EDUCATIONAL and ENTERTAINMENT purposes ONLY.
SOL analysisPrice has been moving within a range for the past few months.
Liquidity has been taken on both sides of the range so we wait for price action to develop before taking another position.
If price is able to hold above the range then we look for entries and higher targets after a retest.
If price falls back into the range we will look for entries after a retest.
Until then, sit on the sidelines and wait.
Good luck and happy trading.
$SOL to $350! T.A & F.A: Explained for Everyone! If we get good and strong close over $150, we can fly to $198 safely guys. my main target is $350! we need to be killer of $ETH.
we need $350 to get a chance to kill the eth... there will be big event on Lisbon at 7-10 Nov. (FTX, SOLANA, Coinbase and more!)
so, if $SOL want to be $350, i think that event and price actions on chart can be a good start to $350.
so let's look forward to what happens in future!
NFA.
regards
SOL/USD 1h TF Falling wedge breakout to $230A speculative analysis of a bull penetration from a falling wedge and a possible breakthrough at higher intervals if the horizontal ressistance in the region between $188-203 are broken, the technical target should be the top of the falling wedge, which is about $230.
The first strong support per volume of trading in certain regions is between $154 -160. At a lower time interval, the price forms a bull's flag, indicating that if the buying momentum continues, Solana will first test the resistance at $188, then $203, and if it finds support at those levels we can anticipate an impulse extension of up to $212 and then $230.
The MA's confusion suggests that the heaviest line (contains the most information about price movement/dark green) is around $210, indicating that if the price is kept above that MA we are likely to have confirmation of a change in trend from bear to bull in a shorter to medium interval.
The first support on the MA scale indicates that the region is about $170 confirmed by retesting and we're seeing an extension of purchasing pressure.