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SOL Perpetual Futures Contract

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SOLUSD.P trade ideas

Looking for the next true bottom March-July 2025Inevitable to happen for one simple reason. Leverage and stupidity. Continuously backing crypto investments with another and another leading from bitcoin dominance will liquidate this entire market as bitcoin crashes in 2024. Margin calls will be historic and impossible to understand for most traders trying grasp what is going on. Example: Say you bought bitcoin at the bottom of a bear market. Then you leverage bitcoin to buy ethereum. then you leverage ethereum to buy solana. then you leverage solana to buy cardano. then you leverage cardano to buy other crypto assets and before you know it you are so over leveraged with backing your assets with very little capital that you liquidate yourself 100% when bitcoin crashes say 30 percent 50 percent 80 percent 95 percent. Those leveraged positions take time and that is where the manipulation comes in. Investors manipulate with marketing, advertising, hype and psychological games while they settle there trade positions. This is how the market falls apart. Staking is another manipulator removing supply from a market is bullish yes but it can also be very bearish. When an investment is staked your destroyed unless you bought the bottom of a bear market. Still you lose your realized gains very quickly and any position you recently added gets liquidated and prices plummet. This market has topped out so be careful what you do next.
BINANCE:SOLUSDShort
by UnknownUnicorn35774657
2
SOLANA|Trading positions in a BEARISH trendHi guys, I hope you had a profitable trading week. We have an overview of Solana in 4 hours time. In continuation of the previous analysis we had of Solana, which went exactly as we expected, now we want to have an update on it, to know what process it has taken. The last trend of Solana has come in the form of a descending channel, which has reacted well to the up and down of the channel, and has taken its own downward course. On the 4H time frame, we have a supply zone that we saw two good breakouts from. The upcoming demand area is the price (85-86.5), which we should keep in mind when the price reaches this area, we can enter buying positions with confirmation. If this area breaks, we can witness further fall to the area of 72.26
BINANCE:SOLUSDShort
by Golden_Star1994
SOLUSD sucked into potential ALT reckoning or only up from here?SOL is lining up to be one of the stars of the next bull run. The community is growing ever stronger and with super cheap fees and spritely block processing/transaction speeds, its shaping up to be a phenomenal layer 1 (down time not prevailing). With the markets digesting the ETF approvals, and the potential for downside up until and including the halving period, we may see ALTS dropping significantly. A deep retracement to the 0.718 will give a fright to some investors, but if the project is destined for glory then a retracement to that extent (especially followed by a consolidation period) is a golden sign. Building a strong foundation there could see it easily reach ETHs CURRENT market cap (approx x7.5, significantly more X's if it drops to the 0.718 from here). Note: I'm not insinuating it will flip ETH.
COINBASE:SOLUSD
by JaMoonBoy
SOLUSD approaching 3 month trend support. Move likely soon.Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge. Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel. If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move higher, while testing the two previous recent highs. If the price breaks below the trend on the daily, look for the price test next support area down. #Solana #SOL #SOLUSD #SOLUSDT
CRYPTO:SOLUSD
by tradepsych
SOL Outlook: Solana to outperform Ethereum in Uptrend?Date: January 12, 2024 Overview: Solana's SOL/USD pair has been evaluated within a dual channel setup indicating two potential market directions. The green channel outlines a bullish trajectory, while the red indicates a bearish perspective. Alongside, key historical retest levels and the Z-Score Probability Indicator provide a multifaceted view of the market's sentiment and potential trend strength. Channel Analysis: The green bullish pitchfork highlights a steady uptrend, with SOL recently testing the mid-line of this channel, which could act as dynamic support. The red bearish pitchfork is not currently in play but serves as a visual guide to potential downturns should the market sentiment shift. Key Levels: Key Historical Retest Levels/Supports: SOL has maintained levels above key historical supports at $49.91, $40.15, and $26.36. These levels are crucial for maintaining the bullish narrative. Conditional Probable Boundaries: Future resistance levels are identified at $97.18 (Boundary 1), $165.44 (Boundary 2), and higher at $237.80 (Boundary 3). Breaching these could signal continued bullish momentum. Z-Score Probability Indicator: The Z-Score is currently above the zero line, indicating that price is deviating from its mean to the upside. A Z-Score above 2 often signals a strong bullish sentiment, while readings above 3 could imply overbought conditions and potential for a pullback. The Z-Score's mean reversion tendency is apparent, which will be crucial to monitor for signs of trend exhaustion or continuation. Market Context and Fundamentals: SOL’s performance should be interpreted in light of the overall health of the blockchain and DeFi ecosystem, as well as network-specific updates, scalability improvements, and adoption rates. Fundamental news, such as partnerships, technological advancements, or regulatory changes, can have a significant impact on SOL's price and should be monitored closely. Potential Strategy: Bullish Scenario: Traders might look to add to or initiate long positions on retests of the key historical supports, with the conditional probable boundaries as potential profit-taking points. Bearish Scenario: Should SOL break below the key supports and the mid-line of the bullish pitchfork, it might indicate a shift in market sentiment, and traders could look for short positions targeting the lower levels of the bearish pitchfork. Risk Management: Given the current positive Z-Score, it's advisable for traders to be watchful of potential pullbacks and set stop-loss orders accordingly. The pitchfork channels can be utilized to adjust risk parameters as SOL navigates through these projected paths. Conclusion: SOL/USD is showing signs of bullish behavior, with critical supports holding strong. The Z-Score suggests that the market is currently optimistic, with a watchful eye on the upper levels for signs of overextension. Traders should remain vigilant and responsive to price action at key levels and fundamental news that could sway market direction. This analysis is provided for informational purposes only and is not investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
BINANCE:SOLUSD
by meloneusk
Solana ($SOL) Sell Orders and Potential Roadblocks Our previous analysis of Solana has proven to be quite accurate. The asset's price dipped into the $79-$86 support zone before buyers intervened, driving the price back towards $100. CRYPTOCAP:SOL is now contesting a resistance zone between $101.6-$108. Breaching this barrier could lead to encounters with sell orders in the $112.3-$117 range. Beyond this, the yearly high of $126 looms, potentially reachable if Bitcoin maintains its position above $45,000, considering the strong correlation between Bitcoin and altcoins. Should the market turn bearish, CRYPTOCAP:SOL could see its price fall back to the key buying zones at $79.1-$86, $73.1, and $61.8-$68.9.
COINBASE:SOLUSDLong
by DEXWireNews
Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
COINBASE:SOLUSDShort
by stewdamus
HUGE DUMP COMING FOR SOLANA SOL/USD - RIPIm sorry, I hate being the bearer of bad news but I see Solana taking a huge dump. Short term and long term. The top is in, volume dropping interest leaving the project again. Its just a pump and dump so the big bag holders could dump their bags, now all thats left holding is the FOMOers that bought the top and think this thing is going to thousands or whatver they think. Its insanity, this chain is junk and has proven that over the years with how many halts they had on their chain, still waaay too many bugs to work out of this thing. I dont know what the catalyst will be to make it dump this hard but possibly another major outage or a hack of some sort. No one with any significant capital is investing in this thing, maybe trading it and dumping on the kids who are buying it but not holding it for anything longer than that. As you can see in this correction the way it will play out Solana is going to bounce at the previous supports for a small bounce which will create a head and shoulders and that measured move will be pretty heavy down to low $20 range or even lower possibly $18 before a a pretty decent bounce. After that moves plays out there will be a much larger correction on the higher degree of trend as another much larger head and shoulders pattern is formed. Might sound unbelievable but its not and actually quite likely. Ive seen this way to many times, same exact style of pump and dump over the years with other projects that could never die and are going to change the world. and humanity haha. RSI is pointed straight down MACD is pointed straight down Strong bearish divergence on the daily on the RSI, Momentum, CCI, MFI, and Histogram A death cross on the daily will also likely form as a result of this drop which will bring it to way new lows. Imminent collapse is likely. Good luck out there, this is not financial advice just my opinion.
BINANCE:SOLUSDShort
by Bitgolder
Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check Comment section how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BINANCE:SOLUSDShort
by VishalBudhrani
3
$SOLUSD In A Parallel UptrendA break of the trend line or a weekly close below the line will end the uptrend. COINBASE:SOLUSD in a parallel uptrend" suggests that the price movement of Solana (SOL) against the US Dollar is exhibiting a consistent upward trend, and the trendlines can be described as parallel. In technical analysis, a parallel uptrend implies that the price is making higher highs and higher lows in a manner that forms parallel lines on a price chart. This pattern indicates sustained bullish momentum in the market for the specified asset. As always, it's crucial to conduct thorough technical analysis and consider other relevant factors before making any trading decisions.
COINBASE:SOLUSD
by AlgoTradeAlert
Solana's Rocky Road: Navigating Challenges Amidst Market Trend Solana ( CRYPTOCAP:SOL ), often hailed as the "Ethereum Killer," has recently faced a tumultuous period marked by a significant price dip, sparking concerns among investors. As the broader cryptocurrency market experiences a sell-off, Solana's price has plummeted over 7% in the last 24 hours, dropping below $95. This Idea delves into the key factors contributing to Solana's recent challenges, explores its historical performance, and assesses the impact of recent market dynamics on its future prospects. The Current Landscape: In the midst of a positive trend in the overall crypto market, buoyed by optimism surrounding Bitcoin exchange-traded funds (ETFs), Solana stands out with its struggle to maintain stability. Despite the recent positive momentum, Solana's native cryptocurrency has seen a decline in value, casting a shadow over its performance in 2024. Whale Movements and Market Volatility: One of the contributing factors to Solana's price decline is the erratic behavior of cryptocurrency whales. Recent reports indicate that large amounts of Bitcoin and Ethereum were deposited into centralized exchanges, leading to increased market volatility. Solana, being part of this broader market movement, has experienced a notable drop in price, emphasizing its susceptibility to external factors. Investor Sentiment and Losses: Solana investors have not been spared from the recent downturn, experiencing losses as the altcoin slipped over 7% in the last seven days. Despite its impressive 600% year-to-date surge, Solana is still 64% off its all-time high price set in November 2021. This prompts investors to reassess their positions and raises questions about the altcoin's ability to regain its previous highs. Trading Volume and Market Cap: The dwindling trading volume, down nearly 17% to $2.8 billion in the last 24 hours, suggests a diminishing retail interest in Solana. As the fifth-largest cryptocurrency by market capitalization, Solana's market cap has fallen to $40.5 billion, underlining the need for a comprehensive analysis of the factors influencing its market standing. Stability Concerns and Scaling Issues: While Solana gained popularity as a faster and more cost-effective alternative to Ethereum, it faces its own set of challenges. The network's notable outages and scaling issues from the previous year have highlighted its vulnerability. Solana's inability to process transactions without going offline poses a significant hurdle, prompting stakeholders to reevaluate its status as the "Ethereum Killer." Conclusion: Solana's recent struggles underscore the complexity of the cryptocurrency market, where a confluence of factors can impact an asset's value. As investors navigate through market turbulence, Solana must address its stability issues and scaling challenges to regain confidence.
COINBASE:SOLUSDLong
by DEXWireNews