2:1 RR 7% longBased on Solana still having some time to breathe and not yet hitting its ultimate price targets, a trade along these lines seems reasonable! Lots of good support levels and a trend!
SOLUSDT.P trade ideas
SOLANA - Second Wave Incoming?Everyone's favorite altcoin, at least in this cycle!
Let's study CRYPTOCAP:SOL 's behavior so far and see how much gas it has left in the tank.
Macro View
The month is looking promising! It's currently trading above previous month high and 2023 yearly open (key level) . What does this mean? Two possible outcomes:
The trend will stall for another three months before reaching new ATH (all-time highs).
The trend will issue a new bullish signal at the close of this month if it reaches $200.21.
The latter scenario has a higher probability, so let's explore it a little further
If the trend confirms within this month - let's say it doesn't but August does print the bullish signal - the price targets will be at $438 and $1,531 if things pick up nicely.
The second target remains within reach as the consolidation period features multiple equal highs. This calls for a strong move to the upside once things line up, as they are doing now.
Actions to take:
Bid this near $170 and have some last bids at the current monthly open ($148 - $152)
Add to spot buys if price hits $200 before the July monthly close.
Trade is meant to be long term, so be patient as I still think it presents the best and safest setup.
Below $140 the idea is invalidated :(.
Why SOL Momentum Isn't Fake This Time?
Since March 1, 2024, SOL has been holding above $126 and is about to complete its 7th month at this level.
During this 7-month horizontal period, the price has formed 3 highs and 3 lows. The probability of the 4th high being even higher is greater because it has held its main support above $126 for this period, indicating a healthy accumulation.
Boxes
Looking at the boxes, we see that the price moved horizontally for a few days in the left blue box, then moved horizontally for a few days in the yellow box, and continued upward.
Looking at the right boxes and the same price regions, we see that the best-filled low region is the blue box, which is the 3rd low region. This is because the candles in the blue box were completely contained within this price range, filling it well. This pushed the price to the yellow box region.
In short, we see a price that is moving forward with a healthier accumulation compared to previous periods. This makes the picture bullish for now.
We can use these box regions as support in case of potential pullbacks. If we lose these regions, we can change our minds. But it may continue upwards without spending more time there.
Explanation of technical terms:
Accumulation: The buying of an asset over time, often at a lower price. A healthy accumulation phase is considered bullish.
Highs and lows: These refer to the highest and lowest prices reached during a specific period.
Support: A price level where buying interest is strong enough to prevent the price from falling further.
Boxes: These are likely referring to specific price ranges or patterns on a chart.
SOL Diamond and Going Up 2nd Time !Solana formed a diamond formation between April 2023 and September 2023 and broke it and went up. The price has now broken above a similar diamond formation in the same month 1 year later.
Repeating the process as it has done so far will push the price up.
Will the rise start in September 2024 as it did in September 2023?
Solana (SOL): Getting Ready For End Phase of Triangle PatternSolana is approaching the final phase of its triangle pattern, and we’re considering two possible scenarios:
1. Potential 26% Upside Move: The price is nearing the upper resistance zone and remains above the EMAs. We’re watching for a potential breakout, followed by a re-test of the broken zone. If the re-test is successful, we could see a strong upward move from there.
2. Potential 30% Downside Move: If the price faces rejection at the upper resistance or the breakout fails, we’ll shift focus to the support zone. A break below this support, followed by a successful re-test, could lead to a significant downward move.
Swallow Team
SOLUSDT today The SOLUSDT chart shows a bullish trend within an ascending wedge pattern. The price is currently approaching the resistance zone around 153.42 USD. After hitting this resistance, we might see a short-term pullback before a potential breakout occurs.
Key Insights:
The price has tested the upper resistance twice (red arrows), and a breakout above this level could signal a strong upward move.
The ascending support line (green arrows) indicates that the overall trend remains bullish.
If the price holds above 149–150 USD after a potential pullback, there is a high chance of an upward breakout toward the 158 USD level.
Prediction: If SOLUSDT can break and close above 153.42 USD, expect a bullish continuation toward 158 USD. However, if the price pulls back to retest the ascending support line, this could provide a good buying opportunity before the next upward move.
SOLUSDT. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
SOLUSDTThe increase in swing trade volumes suggests growing market interest, and algorithmic indicators point towards the onset of a bullish trend.
SOLANA 5th final wavePretty difficult to side with the bulls or bears - but if we are strictly seeing this from just an Elliott Wave perspective, Solana could very well be working for the final 5th wave to the upside + considering all things like the Bitcoin Dominance.
Might be working into a submicro 1-2 pullback since 200th day moving average got rejected.
Solana Volcano Moon ChartQuick Fib levels idea: SOL going over $1000 by the end of 2025 and possibly as high as $2300. Enjoy!
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Target Achieved Guy's #SolanaHello Trader's
How Is your day going 💗💗
Did you Trade this or missed
So follow up
SOL 152.53 LONG! Solana enters the bullrun zone!👋🤖 Solana is coming out above all the muwings on the daily and is preparing to give a strong impulse into the Long.
🔥🚀🚀 The level to trade is 152.53
Entry pattern breakout
First target 162.02
Second target 172.92
Volume is good, but Solana is a very volatile coin, so leverage above is not more than 20x !
Stop short
Best Pattern For making profit?#SolanaHello Trader's
Here is new update for solona coin
Comment 👇 down if You know this pattern name
SOL shortIn continuation of more general overview (see "Related publications" below)
Expecting the SOL/BTC SOL/USDT pairs to correct together with the market correction, but with much higher amplitude. SOL/BTC is still standing strong compare to overall alt/btc pairs, and the ecosystem.. well, i see the similarities to the XRP behaviour and high value during initial crypto run for example. overall - overvalued. Thus, the correction on BTCUSDT equals to the correction on SOL/BTC, SOLUSDT pair to drop into 60-70 range, prob lower.
SOLUSDT Based on the current SOLUSDT chart, Solana has broken out of a descending channel and is attempting to continue its upward momentum. Here are the key highlights from the technical analysis and market impact:
Breakout from the Descending Channel:
Solana has broken through the upper resistance of the descending price channel. This indicates strong bullish momentum, and SOL is now targeting higher price levels.
Key Support and Resistance Levels:
The support zone is around 146 - 148 USDT (highlighted in green). This area may provide a foundation for further upward movement if the price pulls back slightly.
The major resistance is at 152 - 154 USDT (highlighted in orange). If SOL breaks this resistance, it could push higher with a clear bullish trend.
Short-Term Expectations:
SOLUSDT is likely to experience a slight correction towards the support level around 148 USDT before finding new buying pressure and attempting to test the resistance zone at 152 - 154 USDT.
A successful breakout above the resistance could lead to a significant upward move, with higher targets becoming viable.
Forecast: In the short term, SOLUSDT is expected to retrace slightly towards the 148 USDT area before bouncing back to test the key resistance at 152 - 154 USDT. The weakness of the US dollar and positive sentiment in the cryptocurrency market could fuel further growth for SOLUSDT.
SOL Very Risky SHORT Trade Idea (with Profits)Taking a very risky Short trade here with some of the profit's I made.
Price is coming into the 5 Min Key Level to retest after breaking it once.
Saw a little rejection so I'm just picking up a short with a very very tight Stop-Loss.
Entry Price: 152.22
SL: 152.80
TP1: 151.15
TP2: 150.23
TP3: 149.10
NOTE: This is mainly a gamble trade otherwise I normally don't trade like this. Trade with caution :)
Let me know what you guys think. I appreciate comments.
Good luck and Happy Trading!
SOL 9.23 SWING HIGH : LOW : HIGH As you can see we hit the mom eve target. Tue will have a high to low taking out that bottom liquidity to then pumping higher.
Sol Solana Rejected from the mid channelUpdate on CRYPTOCAP:SOL #SOLANA #SOL #SOLUSDT #SOLUSD
Rejected from the mid channel, it may do a bull flag and break the mid channel or could go down. No position for me, I will wait for a better entry.
Let's RUN IT TO THE TOP- SOLGm!
Following my last analysis on sol, Levels remains intact till further evolvements.
General Market seems to be gaining momentum and positioning is Key.
Having mentioned about sol earlier, I'm looking forward to $162 region first and other talks follow soon.
Do have a great week trading, guys
TRADER45
Let's RUN IT TO THE TOP- SOLGm!
Following my last analysis on sol, Levels remains intact till further evolvements.
General Market seems to be gaining momentum and positioning is Key.
Having mentioned about sol earlier, I'm looking forward to $162 region first and other talks follow soon.
Do have a great week trading, guys
TRADER45
SOLUSDT: Increase while the price is still decreasing?Currently, SOLUSDT is trading within a descending channel, with significant selling pressure keeping it in check. From the chart, we can clearly see the strong support zone (super support) between $120-$130, which has been a key level where SOLUSDT has bounced multiple times in the past.
At this point, it’s likely that SOLUSDT may continue to correct and test this support zone again before making a stronger move upward. The resistance around $180 has yet to be broken, indicating that the longer-term downtrend remains intact. If SOLUSDT fails to break the descending channel, we could see further downside movement towards the support zone before a potential rally.
Forecast: SOLUSDT is likely to experience a slight pullback towards the support zone before possibly gaining momentum for a bullish rebound.
Market sentiment and macroeconomic news will continue to influence this trend, especially as the cryptocurrency market faces ongoing volatility. Stay alert for any developments that might shake up the charts!
