SOL3xShort/Tether

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SOLUSDT #SOL Update #7 โ€“ Aug 02, 2025

Solana has broken below the low of its last impulsive move, forming a new, deeper bottom. The first area where it may find support is the $158 level. If this fails, the next support level lies at $147. At the moment, Solana is clearly in a downtrend on the 4-hour chart. For Solana to resume its upward movement and confirm a trend reversal, it needs to break above the $206 level with a strong, high-volume candle. Currently, Solana might be considered a cheap opportunity only for those looking to hold spot positions long-term. Otherwise, I don't see it as a suitable option for trading.


SOLUSDT here is where I think SOL is headed. Ideally we get the first scenario and everything is nice and tidy. But, I realized we need to be open to the *possibility* that it could put in a double bottom at 126. If we get that scenario, SOL better rip like a bat out of hell to make up lost ground.
Snapshot

SOLUSDT don't look at the chart from August 2024. Yikes.

Oops, too late. Here's a picture. ๐Ÿ˜Ÿ
Snapshot

SOLUSDT On the daily timeframe using the IMACD and Srsi I see a crossover of the IMACD and SRSI is in oversold territory. Seeing the SRSI needs to come back up to the Overbought area in conjunction with IMACD coming down, there will be sideways and up action until the SRSI gets to its oversold top then a sharp drop back down lower. I say this because normally under most circumstances, when the IMACD crosses over and starts going down, it usually completes coming down to the 0.00 line you see on the right side of the screen. In the picture you see the candle below the 20 EMA, we will likely cross above and then drop below it again. There is a liquidity void in place, and if we make it back up to that we will more than likely retest the 205-207 level before coming back down.
Snapshot

SOLUSDT Buy Setup โ€“ If price reaches demand zone
๐Ÿ“ Entry: 145โ€“154
๐ŸŽฏ TP1: 163 | TP2: 169
๐Ÿ›‘ SL: Below 143
Looking for signs of strength after NFP dust settles ๐Ÿ‚

SOLUSDT NFP week = volatility ๐Ÿ”ฅ
If SOL fails to hold $168, deeper correction likely.
Buyers may return in the $145โ€“$154 demand zone โ€” get ready.