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SOLUSD trade ideas

SOL breakout imminent?The Solana chart bears a striking resemblance to Ethereum's pattern during the previous cycle, which underwent a correction lasting just over 100 days. Presently, we find ourselves approximately 60 days into this correction; however, there's a notable difference. We are on the cusp of a potential breakout, and if we manage to surpass the $117 mark, there's a strong possibility of a swift ascent to $150 or more within a relatively short timeframe. The dynamics suggest a promising trajectory, and breaking this key resistance level could pave the way for a substantial upward movement in the Solana market
COINBASE:SOLUSDLong
by treesway
Potential SOLANA Long SetupSolana has had an amazing run from its bear market lows at around $8 to the current 2023-2024 local top at $126.5. SOL has been consolidating in a Bullish Pennant for the past 62 days, holding and bouncing off the 0.382 FIB Retracement level on the measure move from $8 to $126.5, and with BTC posturing for a pump to $54.5K... SOL should follow suit and pump up to create a new local high. I am loading up a SOL swing trade long here between $100 and $105 SOLANA. The upside targets are the .0382, 05, and 0.618 Fibonacci Trend Based Extension levels on the measured move from $8 to $126.5 to $78. If BTC sustains a pump to $54.5... SOL should follow behind and meet these areas of interest for take profit levels. The immediate levels of entry at the 0.382 and 0.5 are where I will be taking heavy profits. ENTRY $100-$106 TAKE PROFIT LEVELS: 0.382 ($123) , 0.5 ($137), 0.618 ($150) Fibonacci Extension Levels Highlighted in White. STOP LOSS: $99.8 (roughly 6% below entry if you enter at $105-$106) I recommend moving stop loss to entry once take profit level 1 is hit at $123, to protect profits and working capital. I am swing trading this position on SPOT with no leverage and no stop loss, if the trade goes against me I will simply hold the SOL longterm and send it to my ledger. I am risking only 1% of my spot trading portfolio. This setup offers a great risk to reward proposition. Risk 6% to gain 20-50% roughly on the move up, which again, is contingent on BTC moving up to high time frame resistance at $54.5K. This is not financial Advice. This is an interpretation of my swing long trade setup. A trading journal entry. Mind your own risk.
COINBASE:SOLUSDLong
by junglefamous
5
SOLUSD 1D Corrective to Wave (4)As we embark on this visual journey let us harness the power of knowledge to illuminate our path forward... Together we can unlock the potential within these charts and empower each other to drive impactful decisions and conquer new horizons. Wait until wave C of (4) for entry. Short squeeze to $136 in consideration but not likely. Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by the Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.
COINBASE:SOLUSDShort
by TheCryptoChartWhisperer
solusdIt is possible that we are in the last rise of this currency in exchange for a major correction coming to it, according to the data shown on the chart. Therefore, do your own analysis and be careful.. Good luck. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
BINANCE:SOLUSDShort
by KhaldHegazy
SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis). Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move. Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout. We hope for a test of the previous high and a runner.
COINBASE:SOLUSDLong
by TheSpringHunter
Solana -trading plan with date and price predictionSolana is following a 240 day cycle( purple line ) spread in 3 X 80 day cycles ( red lines) the low of which is due in April . You can match with previous purple lines , you ll find a low there . We are currently on B ( 2nd wave ) of corrective wave . In this wave prices will rise to 120$ , that too in 3 subwaves 1st up from 80$ to 105$ - just finished 2nd down to 93$ levels - just started today 3rd up to 115-120 $ and then B wave will be over .. Trades can be places at ,90$ + levels to exit at 115$+ levels currently . Long term BUY can't start till the three waves are over .This will happen when the next wave gets over which is C wave expected in Mid April . So in a nut shell, Long term buy in mid April at 80$ Short term trade at 90$ + in the next 2-3 days and sell this position at 115$.
COINBASE:SOLUSDLong
by cryptoanteger
2