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Solusdtsignal

Solana Drop to 80 looks imminentA few weeks ago, I mentioned the possibility of BINANCE:SOLUSDT retracing to the 80 zone support level once more. However, Solana surged upward and triggering my stop loss in the process. Despite this turn of events, my perspective on the market remains unchanged, and I still anticipate a return to the 80 level. From a technical standpoint, the recent up move from 80 appears to be corrective rather than impulsive, with 120 emerging as a formidable resistance barrier. Confirmation of a potential downturn would materialize if the price dips back below 100 once more. I'm looking to sell again.
Short
by Mihai_Iacob
2
SOL :Analysis combined with strategy training📊 There are three golden points hidden in this analysis and position, which were designed according to my own strategy. Tips: 🎯 First point: 1️⃣ When the trend line breaks from the ceiling, it is better to wait for a pullback. Second tip: 2️⃣ When we are in a strong upward trend, we should wait for its second leg. Third point: 3️⃣ from where the powerful candle started, wait to return to the previous broken candle. 🎖️ These tips have been backtested and livetested over several years and this strategy has been prepared, so look more carefully at the previous analysis.✨
Long
by EhsanZeydabadi
#SOL #SOLANA Technical Analysis & Trade IdeaSOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup through a daily timeframe #SOL price swing that aligns with the Fibonacci level. Place a stop-loss order below the previous swing low, adhering to a minimum risk-reward ratio of 1:2. Disclaimer: This analysis serves as an informational resource and does not constitute financial advice. Conduct your own diligent research and thorough risk assessment before executing any trades.
Long
by fxtraderanthony
1
Solana back to 80?In a recent post about BINANCE:SOLUSDT I said that 80 should provide strong support for the coin and a resumption of the up trend is possible after the test of support. Indeed, SolUsdt reversed from that zone and a rally started after. However, the coin seems incapable of holding gains above 100 and, considering I expect a deeper correction for the overall crypto market, Sol should not make an exception. In conclusion, I'm looking to sell rallies near 100 for this coin with a target at 80 support.
Short
by Mihai_Iacob
1
SOLUSDT FOR THE WEEKIf no anomaly occurs and bullish sentiment along with constant new developments on Solana chain continues, this current idea should stand, and will be my entries Entry 1:98.4 - long (After break above 4hour retracement high. Anticipate price to finally break the daily resistance. However, will secure partial profits at the resistance, and let runners run to 108 (wick high) Entry 2: Will enter a sell position to scalp the retracement down to 102, where I'm expecting support to form between 98-102. Entry 3: Will be placing a long entry after securing some profits on the retracement trade. This time, anywhere within the 90's zone is a guranteed profit, I will look for a nice price action before entering, most probably 50% position size at 30x leverage, with TP at 123 and SL at 98.
Long
by lesnermj
🚧Solana(SOL) can Drop ➖15%🚧🏃‍♂️Solana is moving near the Support line right now. 🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame . 🌊The structure of correction waves is Triple Three Correction(WXYXZ) . 🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
Short
by pejman_zwin
31
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis: What is on the chart? (follow the steps) 1) A daily FVG that serves as a support zone. 2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand). 3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'. 4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally. 5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC). 6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level. NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around. As always, enjoy the rest of your day and happy trading!! ;)
Short
by Lexi_Is_Trading