SOLUSD longsolana seems very oversold, especially in the light of its potential, it could be worth building long positions from current levels.
SOLUSDT.P trade ideas
SOLUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Everything according plan
Entry: (first buy ~120, and still have limit order at 95)
Targets: 190 - 250 - 330
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
Good luck everyone!
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It's not financial advice.
DYOR!
The medium-term uptrend for Solana has been brokenThe medium-term uptrend for Solana has been broken, and it is now facing resistance in the $135-$140 range. This area acts as a key level for potential price reversal. If Solana fails to reclaim this level, the price is likely to move towards lower targets around $110 and $100.
Solana the bigger pictureWe are in a phase of fear and consolidation, along with taking some profits for summer. this is stacking up for an explosive move to the upside where smart buys take place at key levels in anticipation of a pending ETF and an increasing supply and demand for Memecoins on the chain.
Bearish Roadmap on SOL based on Bitcoin 2019 Fractal.Solana is folowing Bitcoins 2019 Echo Bubble structure.
High Time Frame is suggesting much lower prices.
SOLUSDT, One-hour candlestick analysis before 8:30!When the SS1 level was hit, new short Low were formed on Monday and the price rally began.
In what direction? To the liquidity of the buy side!
It is drawn here on Sunday and Saturday` High (Short High)!
Fibonacci is drawn from Saturday's high to Monday's low.
We have to wait and see what level the price will reach and return!
Mon 24 Jun - 08:05
SOLUSDT, Weekly analysis!Weekly analysis!
It seems that this week is also bearish.
Due to the first day of the week and the opening of the markets, today the upward price movement will probably determine this week's highs like last week.
My strategy for today: When today's High are formed, I will take a short position.
My targets will be: SS1, SS2 to SS4.
Have a profitable and low loss week!
Mon 24 Jun - 04:31
SOLANA, the decline isn't over yet...Since 21 May, the Solana has fallen by more than 30%.
And in my opinion, there's more to come...
To understand what's going on, we need to open a HTF chart.
Here in Daily, we can see that we have just entered the OTE zone of the last bull rally.
In this zone, we have 2 very large pockets of liquidity to recover.
One is at $118 and the other at $116.
I think that once these 2 levels have been cleared, we will start to rise again.
I'd be interested to hear your views on the market this morning.
Feel free to subscribe and boost this post if you liked my analysis.
Happy trading and a good week :)
SOLUSDT IDEASOL breaks its resistance of $160 and now going to test to act as support. Possible pull back is expected for the previous top of $210.
SOLUSDT, My IdeasHi Dear Readers!
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Wish have a Nice profitable Week!
SOLUSDT, Saturday Prediction on SOLANA Price Action!My intention of presenting ideas here is mostly to review and study the price movement (based on weekly analysis) and share it with you. And I do not intend to offer to buy or sell or sell a signal.
I predicted two scenarios for Solana's price action on Saturday and mostly expected the price action to happen more or less accordingly.
And as you can see today, both scenarios happened.
Obviously, entry points or targets and stop-losses were considered approximately.
I wish you a profitable week (at least don't lose).
Good luck
Sun 23 Jun - 13:51
SOL target 3354h time frame
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TP: $335
SL: $103
RR: 7.18
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(1) Potential continuation structure from this triangle
(2) Volume is decreasing with consolidation
(3) 0.618 fibonacci projection at $132.9
(4) Stop loss while triangle bottom got breaking down
SOLANA - In correction mode. BINANCE:SOLUSDT Is in corrective mode but we are now in a key area which could see it move to new highs. The next few days might give us a clue as crypto moves with the US Inflation data.
The other possibility is a deeper correction back down to 100 before we see the big run to new highs.
Either way we will see new highs as this whole move from the March high is corrective.
Keep an eye on this one.
Enjoy the day.
SOL idea Solana is currently at support. Either it will bounce from this level, or we will drop below $90, where I see a good buying opportunity.
SOL Solana Bearish PennantIf you haven`t sold SOL close to the top:
Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern.
A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
