SOlANA: will this buy continue?SOlANA: will this buy continue?
This baby has once broken out of the consolidation and descending resistance zones.
Will this buy continue?
SOLANA trade ideas
The Case for Shorting SOLUSDT: Key ObservationsRecently, SOLUSDT has shown an impressive 28% recovery within just five days, but this level of volatility might signal a perfect setup for a short position. After analyzing the current conditions, here’s why I believe it’s time to consider shorting SOL:
1. High Volatility Signals Instability
While a 28% recovery in just five days may seem like a bullish sign, such rapid movements often indicate market instability rather than sustainable growth. Volatility on this scale can quickly lead to corrections, as prices struggle to find support at higher levels.
2. Weak Trading Volumes
Despite the sharp recovery, trading volumes remain weak. This suggests that the rally is not backed by strong buying momentum, which is critical for sustaining upward trends. Without sufficient volume, the market may struggle to push through key resistance levels.
3. Moving Averages (MA) Passed
All key moving averages (MAs) have been surpassed during this recovery, but this doesn’t necessarily indicate strength. In many cases, sharp upward movements beyond MAs can lead to overextension, creating a natural pullback as traders take profits.
4. Upper Bollinger Band Breach
The price has reached the upper Bollinger Band, a common indicator of overbought conditions. This typically signals limited upside potential and increases the likelihood of a pullback or correction.
5. Previous High Acting as Resistance
The current price is testing a significant resistance level—the previous high. Historically, such levels act as strong barriers, especially in the absence of sufficient volume or momentum to break through. This resistance further strengthens the case for a potential reversal.
Duration:
This is a short-term trade. Shorting crypto is inherently risky, especially with a fundamentally strong asset like this.
Target:
The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $43.35 margin, resulting in a total position size of $1,083.
Risk:
This trade is classified as high risk, as shorting is always more dangerous than taking long positions. Proper risk management is essential.
Solana Box Part III: The Demand for the RetestThis is Part III of the Solana BOX trade (check previously posted 2 parts about the solana box, both of which reached the targets successfully).
Unlike many other coins (ETH) we are short on, SOL has shown solid strength (quick recovery during dumps) and thus we believe it is on a more negative path here.
However
The Box requires a retest (after all SOL did wick out of it)
We show two scenarios for a potential retest, believing the orange one is more likely: i.e. a 189-190 dollar target and then head upwards from there, leaving the box forever.
Let's see.
Short It...Setup has presented itself here and I'm of the belief this has topped this cycle and we're starting the process of a lengthy correction gl.
Buy for investment, but not buy for tradingMy bias for Solana is extremely bullish and the current price is almost undervalued based on the fundamentals. Therefore, I bought some more Solana yesterday for investment, not trade.
If you are interested in investing in Solana for the duration of this Bitcoin cycle, it is a good time to buy Solana. But if you are interested in leverage trading, I feel you need to wait a bit longer for the right set up to come up. The below is my reasoning for not opening a trade:
The price reached about $265 in late Nov 2024 and retraced to Fib 0.786 level and bounced up. However, there was a big sell order sitting above $220 which is Fib 0.382/the previous week high. I warned in my previous analysis there would be a possibility of another minor correction and that's exactly what happened.
Monday 13th Jan, along with Bitcoin, Solana showed a strong recovery off the descending former resistance and now support line that had been developing over 10 months. The price is now above the previous week's low, the previous month low and also above Fib 0.782.
The daily stochastic reached the oversold territory and now is rolling back up. The 4H MACD is about to enter the bull territory. There are definitely strong confluences that make me want to open a long position. However, there are a few issues that cannot be ignored for a swing trade set up.
The most important and number one rule for me to open a trade is that MACD for a higher time frame needs to be sitting in the zone of my bias. In short, if I want to go long in 4H time frame, the daily MACD needs to be in the bull zone (above 0). Currently MACD is still below 0 and MACD lines are pointing downwards. Therefore, the bear is still in control. I cannot trade, Another issue is the 4H stochastics has already reached the overbought territory. That means the bull is working but has also exhausted its strength for now.
I think Solana will start to move up strongly soon, but the price correction since Nov was quite deep. Therefore, it will take a while for Solana to start a strong rally.
SOLUSD after 6th november SOLUSD Trend is bullish or another Lower Low formed
With Instant Buy
Stop loss - 174
First Resistance of 224
Second Resistance 243
Third Resistance 264 which is ever High ???
THE OBVIOUS FAKE BREAKDOWN ON SOL HAS BEEN REALIZED!BINANCE:SOLUSDT
1.The price came to the level of 179.09, broke through it without equivalent volume and returned back to the range
2. There was a bullish divergence between the price and the OBV chart
3.From a macro perspective, the price is likely to be in a similar pattern to August 2024 (marked in the box)
EXPECTATIONS: a minor consolidation for 1-2 weeks near the lower boundary is possible, followed by a rally to 223.28
Solana (SOL): Bulls Eyeing Key Breakout Levels🔥 Solana’s Strategy:
🩸 Long: Above $191.28, targeting $212.92. Breakout above $195.38 is key for continuation.
🩸 Short: Below $183.27, aiming for $175.00. If price breaks below key support, prepare for a possible deeper decline.
🔥 Solana’s Commands:
🩸 Resistance: $195.38 — Break above this level would signal a potential continuation to the upside.
🩸 Support: $183.27 — If breached, expect a continuation to $175.00.
Market Context:
Solana has been consolidating and recently experienced a strong push above $190, signaling potential for further upside. However, the price remains below significant resistance levels at $195.38. If this level is broken, Solana could aim for $212.92. Watch closely for any downside risk if the support at $183.27 fails.
👑 “In a market of hesitation, the only thing that separates success from failure is action.” — FinCaesar
SOLUSD overview and market outlook expecting BOUNCE🔸Hello traders, today let's review 12hour price chart for SOLUSD . pullback/correction in progress with limited upside currently, however expecting a bounce next week.
🔸Trading right now at 185 usd, strong bullish liquidity located near OBs 150/155 usd. bulls will likely take over once we trigged the liquidity order blocks below market.
🔸Recommended strategy: BUY LOW near liquidity OBs 150/155 usd, TP bulls is fresh overhead liquidity at 200/210 USD. expecting decent bounce in this market.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
SOL waiting for 180,1$I closed my TON position with a +22.5% profit a nd SOL with +39.55% profit , all within one day. This was during an extremely volatile period, making it one of the most challenging trades, as both the stock and crypto markets faced significant pushback yesterday.
At one point, I saw a -100% unrealized loss, but the order setup allowed me to recover and secure profits.
Currently, the market appears to be leaning downward, with bulls trying to defend key levels: BTC at $90k-$93k, SOL at $180, and TON at $5-$5.2. These levels have been tested multiple times, but liquidity ultimately dictates the game.
For now, I’m staying cautious and I do not enter into a deal. However, I’m setting an order for Solana at $180 with 25x leverage and a $30 margin, assuming SOL might dip again and recover quickly.
Solana - almost, but not ready for long yet Bitcoin bounced off the key support area very healthily in the last US session and most alt coins also showed a sign of strong recovery.
I felt tempted to enter the market. It is nice to buy low, but I need to follow my own simple and basic rules. Although it is tempting, Solana's current chart set up is not quite ready for long for me.
I use two time frames - weekly/daily and daily/4h.
My rules for long Solana:
1) MACD in the daily timeframe needs to be in the bull territory which is above 0. The angle of MACD is not important. It needs to be in the bull zone.
2) Stochastics (9,3,3) in the daily timeframe needs to reset and stochastics lines need to cross and start to move upwards. It cannot be in the overbought territory.
If these two conditions are met in the higher time frame, I go to the lower time frame to start looking for an exact entry point.
3) MACD lines in the lower timeframe properly cross and enter the bullzone or cross and move upwards above the bull zone. Green vertical lines I drew in the chart are good examples.
Currently, the daily MACD lines are in the bear territory. Not only that, the lines are pointing downwards, I can see the signal line is starting to move up and the daily stochastic has reached the overbought territory.
My overall bias for Solana is definitely bullish and I am heavily investing in the asset, however, I need to wait a bit longer if I decide to add more to my portofolio.
$SOL heading for an ATHAlthough I initially thought that CRYPTOCAP:SOL was going to a higher target, I expect it to follow the first target according to the arrow.
I obviously expect a big run later, but not for the coming period.
Solana (SOL/USD) – Bullish Technical Setup AnalysisPrice Action Recap:
Strong bounce off the $180 support level confirms its critical role as a floor for Solana.
The uptrend remains intact, with Solana forming higher lows and highs within an ascending channel.
Recent pullbacks showed strong buying interest at the lower trendline, suggesting dominance by the bulls.
Key Levels to Watch:
Support Zone:
$180: A crucial level that has held multiple times, acting as a floor for the price. A strong bounce here indicates continued bullish momentum.
Break below $180: If this support fails, the bullish outlook would be in jeopardy, and the price could shift to retest lower levels.
Resistance Zones:
$220-$230: First target zone, aligning with previous highs, where the price could face some resistance.
$250: Potential extension zone, derived from the measured move of the ascending channel, if the uptrend continues unabated.
Market Implications:
Bullish Continuation: If Solana continues to hold above $180 and momentum persists, there’s potential for a continued rally toward the $220-$250 range.
Bearish Scenario: A break below $180 would require a reassessment of the bullish outlook and could prompt a deeper correction, testing lower support levels.
Outlook:
Bullish Scenario: Solana could move toward the $220-$230 range, and with sustained momentum, may reach $250.
Bearish Scenario: A loss of $180 would shift the outlook to a more neutral or bearish stance, and potential downside targets could be below this support zone.
Conclusion:
Solana's uptrend remains strong, supported by $180. The $220-$230 zone is the next key resistance area. A break above this would confirm the continuation of bullish momentum, while a break below $180 would require caution and re-evaluation of the market dynamics.
IS IT SOLANA FLIP THE TREND TO BEARISH?my idea for SOLUSD. 4H on 13/01/2025
can this coin goin down to hit 156.91?
please discuss about this thing, commentbelow
Solana - waiting to buy, not yet
My general bias for Solana is bullish but it will take a while for the bull to take control.
I just published my view on Bitcoin and explain the chart set up and when to buy more. I will take the same approach for Solana. The market is very volatile and a lot of bull traps along the way. So I rather take a conservative position and wait for the right set up to come up in the weekly and daily charts as below:
1) weekly stochastic (9,3,3) lines to cross and start to roll back up. Weekly stochastic gives me a good idea about how the price in the daily chart will travel.
2) draw a descending trendline in MACD and RSI in the daily chart and wait for the lines to cross (must cross!!) and break and close above the descending trendline. Ideally, MAC lines enter the bull zone (above0) and the first green histogram appears.
Please look at two areas where I drew the blue vertical lines in the chart. These are the perfect examples for a great entry for buy.
Based on my past experiences, when these conditions are met, it removes a lot of market noises (removes mental anguish) and the price moves smoothly in the direction of my bias.
SOLANA - Sell Idea (Medium-term)The fakeout above the key-level resistance of 232.00 is now considered to have been a false breakout. Our analysis suggests that a full fledged downside reversal is highly likely at this point. We're establishing a new bearish campaign on a medium-term scale, targeting the significant key-level support at $138.25. Stay tuned...
$SOLUSDT LONG AGAINWell, this is quite interesting. Two successful SOL trades, and now I’m ready to try for the third. We’re back in the game! During the night, we saw a nice correction, and it’s a good time to note that the underlying narratives haven’t changed.
Let’s stick to the same strategy as before:
Duration:
This trade can be either short-term or long-term, depending on your goals. You could also consider entering as an investor in the SOL ecosystem, which allows you to average down costs in case the trade doesn’t go as planned. The key here is to monitor funding rates, especially if you’re planning to hold for a longer period.
Target:
The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $37 margin, creating a total position size of $950.
Risk:
This trade is classified as medium risk, particularly if you’re ready to use dollar-cost averaging (DCA) to manage the position. This time, I’ve added an extra layer of caution by limiting potential losses to 60% of the deposit.
SOLUSD - get down Certain arguments will certainly make a difference, but they are unlikely to change the course.
Solana shows a good signs of correction to the order block.Hi ,
we wight see a correction to the order block then a new hight .
Good luck
SOLUSDWe have strong support area in both daily and 4 hour chart which is good area to consider buying SOLUSD.
SOLANA Break down the minor trend line!Recommend R:R= 1:2 or 1:3
Always use money management!
There is nothing probability of chart pattern above 70% (in other words there is a possibility of failure)
Re-entering the SOL Trade: A Strategic MoveYesterday, our SOL idea played out brilliantly, delivering a 65% profit in just 12 hours . While I didn’t hold out until the initial target, I want to be clear about my approach—I calculate not just price movements but the time frame as well. If I see rapid growth within a few hours that yields more than 50% of my deposit, I consider it a solid trade and decide to exit rather than risk overstaying.
By the evening, I closed the trade with satisfaction. However, this morning, the market brought SOL’s price right back to where it started. It’s almost as if the conditions for the trade reset themselves, presenting a renewed opportunity.
With this in mind, I’ve decided to re-enter the trade.
Trade Details
Duration:
This trade can evolve into either a short-term or long-term position based on individual goals. Alternatively, you could approach it as an investment in the SOL ecosystem, allowing you to average down costs if the trade doesn’t play out. Monitoring funding rates remains key to this strategy.
Target:
The goal is to achieve a 100% profit. The entry is made on Binance with 25x leverage, using a $37 margin and creating a total position size of $950.
Risk:
This trade is categorized as medium risk, particularly if you’re prepared to utilize dollar-cost averaging (DCA) to manage the position. This time, I’ve added an extra layer of caution by limiting potential losses to around 60% of the deposit.
Conclusion
Trading is a mix of timing, strategy, and calculated risk. SOL has proven its potential in a short timeframe, and with similar conditions presenting themselves today, I’m ready to take another shot. Let’s see how it unfolds!
