Solana (SOL) Near Supply ZoneBINANCE:SOLUSDTPERP
SOLANA is near supply zone, looking for a potential short opportunity, will enter when we see a double top in the lower timeframe.
ENTRY: Above $38.5 region
SL: 5% MAX ($40.4 region)
TARGETS: TP1: under $34 region TP2: under $29 region TP3: under $27 region
RR RATIO: 5.75
SOLUSDTPERP
SOl USDT PERP - ShortA suggested short trade for SOL
I've added $31.70 as an Entry Point to enter this position, however, there maybe is room to get in earlier.
Target Exit Price: $27.80
I'm guessing it will drop lower, other potential take profit targets:
$26.78
$26.74
$25.46
$24.00
SOl USDT PERP - Short
SOL, you look hammered, I think you might...PUKE!
Like highlighted on the chart with the red circle, price grinding on a trendline in that manner could have severe consequences, to the downside.
The trend is bearish and the possibility of a break to the downside is high.
CPI data released on the 13th could very well be the trigger of it.
I've also charted this in log scale so it would be easier to see how far Solana has actually risen, and how much lower can it go.
Looking left I see major price action around levels like 15 & 4.
Sharp eye might see another top pattern on the chart, let me know in the comments if you see it!
SOLUSDTPERPETUAL SNIPER ENTRY POINTSHi Traders
These are the sniper entry points on the basis of weekly & 4hr time frame
BLACK LINE represents weekly support and resistance
YELLOW LINES represents 4hr candlestick support and resistance points for sniper entry.
DONT FORGET TO PLACE STOP LOSS JUST ABOVE OR BELOW THE GIVEN POINTS
SOLUSDT 1D "Double bottom" or "Adam and Eve", SOL target $79-80A "Double bottom" or "Adam and Eve" trend reversal pattern is most likely formed on the SOLUSDT chart
So far, all the necessary conditions have been met:
- the first peak is sharp, with spikes and high volumes
- the second peak has a U-shaped shape with low volumes
In order to continue working out this pattern, the SOLUSD price requires:
1. Get a foothold at the top part of a global descending channel that has been going on for almost a year now
2. Break through and consolidate above $50 per SOL
3. On high volumes, break through the upper border of the global falling channel and reach the goal in the form of a strong mirror level in the area of $79-80 per SOLANA token
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Solana (SOL) - August 30Hello?
Welcome, traders.
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Please also click "Like".
Have a good day.
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(SOLUSDT 1W Chart)
The interval 28.47-37.55 is the interval that determines the trend.
So, the key is whether you can keep the price above 28.47.
(1D chart)
The key is whether the 'W' pattern can be formed by supporting and rising near the 28.47-31.81 section.
However, for the short-term uptrend to begin, it must move above 37.55.
A break above the 42.20-46.85 zone is required to continue the short-term uptrend.
If it falls below 28.47 and finds resistance, it is likely to enter the mid- to long-term investment zone, so you need to be cautious.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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SOLUSDTPERPHi Traders,
I am waiting for LONG, The daily has Fibonachi 0.618 support.
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SOLUSDTPERPHi Traders,
I am waiting for SELL at maybe Bat pattern level at 15 Minute chart of SOLUSDTPERP
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SOLUSDT ! Broke rising wedge pattern, looking very bearishHello traders 👋
On Aug 18, downtrend line broke rising wedge pattern. Therefore, it is more than likely downtrend line will continue. It confirms my trading analysis that I did on aug 9. After rising wedge pattern tests resistance line, it formed strong downward price movement. The sellers were waiting for the pattern to break the support line and they ordered sell orders which executed once orders had been confirmed. There were a lot of sell orders. As rise of DXY, it might not have a good impact on crypto market. Also to confirm there is a downtrend, 50 and 200 EMA curving downward.
SOLUSD is trading rising wedge. long or short ?SOLUSDT is moving rising wedge pattern.
On the chart, I marked the strong support zone 20.00. it is worth paying attention. we can see that the price is forming a squeeze to this zone.
The short-term target on the chart is the nearest support line 35.2 ~ 37.5 and the liquidity zone 48.50, the medium-term target is 54.07, the long term target is 77.30
SOL possible double top and dump incomingI see that SOL is going on an uptrend with a very clear diagonal support.. but at one point it going to break it and go down. Also the hacking of the old wallets that have been done a few days ago, at the begining of the month of august could make this drop happen faster then anticipated, september being in general in the past a bearish month for crypto. This are my targets for SOL for the next 1-2 months.. Good luck!
PS: Always use SL. SL is your friend!
SOLUSDT 12h Medium-term trade - our target $79Last week, we published the idea of the SOLUSDT trading pair, where we highlighted the main liquidity zones for the last 2 years.
Over the past week, the SOLUSD price has been consolidating above the important price zone $30-31. Even yesterday, when they tried to spill prices in the entire cryptocurrency market, the buyers of the Solana token were able to hold the SOL price.
This behavior of buyers and sellers at SOLUSDT chart price allows us to take a medium-term long position under the following conditions:
Entry 33,11-33,51
Stop 27,84
TP1 - 58,80
TP2 - 78,84
By the way, yesterday we already published the conditions for the selection of two medium-term long positions:
AVAXUSDT:
SANDUSDT:
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SOLUSDT 12h Solana +35% growth in 6 days and this is not the endToday we will update info about our medium-term SOLUSDT trade.
After an 8-10 month downward trend, it is hard to believe in growth, but the fact is that in just 6 days the Sol price increased by 35%
The first strong resistance level of $50 is very close.
We assume that consolidation may begin below it before continuing the upward movement.
Therefore, it is worth making a decision based on what type of trade you practice, whether the profitability is sufficient for you, how large the size of the position is, etc.
At the moment, it seems logical to partially fix the profit on the long position of SOLUSD, before the levels of $50, $59 and $79
The growth pattern is relevant if, the nearest days, buyers do not allow the Solana token price to fall below $41.
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_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SOLUSDT 1D Buy and sales levels of Solana in the descriptionBefore you is the global chart of SOLUSDT
For more than 8 months, the downtrend in SOLANA price continues, and the last 2 months the SOLUSDT price is in the lower part of the trend channel.
However, it seems that there is interest in the SOLANA project and there are both large and small buyers.
Buyers did not allow the SOLUSD price to fall below the liquidity area of $20-40. It was there in 2021 buyers was taken the final big long position before the pamp at x10.
Targets for SOLUSDT price growth in the coming weeks:
1) $42.50
2) $60-61
3) $79-80
If you see that the SOL price is trying to stabilize below $30-31 , then place an order to buy at $23 . Of course, you have to buy SOL if you believe in the bright future of the SOLANA project and know how to use the SOL token in your deposit.
(By the way, you can share your thoughts and experiences in the comments)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)