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Solusdtsignal

#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 tradingwithanthony
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
SOL/USDT Breakout the Bullish FLAG, Ready for continue Upward ??💎 SOL's market activity has been particularly notable lately. The cryptocurrency has recently achieved a breakout from a Bullish Flag pattern, which typically signals a continuation of an upward trend. This breakout suggests that SOL may sustain its upward trajectory, potentially aiming for a significant resistance level in the market. 💎 However, there are risks to consider. If SOL's price were to close below the trendline, it might indicate a false breakout. Should this occur, SOL could reverse its gains and initiate a downward trend, potentially heading towards the demand area of around $90.40. 💎 In this demand zone, SOL must demonstrate a rebound to regain momentum. A successful bounce and reclaim above the resistance trendline could reinforce bullish sentiments. 💎 Conversely, a lack of strong response or mere consolidation within the demand zone could be a negative indicator. If SOL fails to maintain this crucial support level, it could lead to a further decline in its price, potentially reaching lower support levels.
by MyCryptoParadise
1
Solana- Ready for a new leg up to 200In my earlier analysis of Solana, I mentioned that the 130-140 zone was expected to present significant resistance, and there was a high likelihood of a correction toward the 80 zone. True to that projection, SoldUsdt precisely corrected within the specified range and, on three occasions since the beginning of the year, experienced a reversal from that zone. Currently, the coin has retraced to the 100 zone and appears poised to resume its upward movement. Sustaining stability above 100 would place bulls back in complete control, signaling a potential commencement of a new upward trend. While the 125-135 zone might pose some resistance, I believe it would merely serve as a temporary obstacle. Once this zone is surpassed, the path seems clear for an ascent toward the 200 zone. However, it's important to note that a drop below 80 would interrupt this scenario and necessitate a reevaluation of the market outlook.
Long
by Mihai_Iacob
5