SOL I closed my position yesterday at 176.33 ( WAVE 4 ) , now in buy at 169.4 , tp 173.3 with a SL 168
SOLUSDT trade ideas
SOLUSDT in range zone channel wait for breakout firstAs we said before here price is receiving range for a while before more pump and for sure long-term here we expect more gain.
190$ resistance zone should break as confirmation of next bull run.
and before any breakout to the upside we will have range or even short-term fall for a while here.
DISCLAIMER: ((trade based on your own decision))
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Will Solana Break or Bounce?The price of SOL (Solana) has dropped from around $183.38 to around $173 today, showing a downward trend in the H1 timeframe.
However, it's important to note that SOL has not broken below the critical support zone of $173.51 to $172.66. Instead, it's been moving sideways on this zone.
We'll be keeping an eye on this situation. If SOL breaks below the $173.51-$172.66 support zone, that could signal a further decline in price. On the other hand, if the price bounces back from this zone, it could indicate a potential continuation of the upward trend.
SOL AI - TodayInvestment Thesis
As a trader specializing in intraday scalping strategies for Solana (SOL), the current market conditions suggest a cautious yet optimistic approach. The price of SOLUSDT is currently at $174.9300, with significant trading volume indicating strong interest. The bullish sentiment among traders, particularly in the short-term intervals, supports the idea of holding long positions. However, it is essential to monitor key resistance levels and potential market corrections closely.
Data Analysis
Market Participation Data
Open Interest: Recently increasing, suggesting that traders are anticipating further price movements.
Weighted Funding Rate: Remains positive, indicating that long positions are favored.
Liquidation Levels: Being monitored closely, as significant liquidations could trigger volatility.
Analysis: The rising open interest and positive funding rate support the bullish sentiment in the market. However, vigilant monitoring of liquidation levels is essential to mitigate risks associated with sudden price swings.
Trading Volume Data
Trading Volume: 719,516,150 over the last 24 hours, indicating strong market activity.
Market Sentiment: Leaning towards bullish, with experts predicting short-term upward movements.
Expert Consultations:
TradingView Experts: Predict potential price targets around $180.
CoinMarketCap Analysts: Emphasize the importance of monitoring key support and resistance levels.
Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as SOL approaches these levels.
Circulating Supply and Market Cap
Circulating Supply: 350 million SOL.
Market Capitalization: Approximately $61 billion.
24-Hour Trading Volume: $1 million, indicating robust trading activity.
Analysis: The substantial trading volume and stable circulating supply support the bullish outlook for SOL, as increased trading often correlates with price movements.
Sentiment Analysis
Sentiment Score: 65%, indicating moderately positive sentiment towards Solana.
Top Crypto Sentiments: "Bullish" and "Buy".
Implications: While the sentiment is generally positive, it is moderate, suggesting room for growth but also highlighting the need for caution due to potential shifts in trader sentiment.
Technical Analysis
Short-Term Indicators
RSI: 44-46, suggesting a neutral to slightly bearish sentiment.
Stochastic Indicators: Hint at potential upward movement, but caution is advised as the price approaches resistance levels.
Medium-Term Indicators
RSI: 48, indicating a neutral stance.
CCI: Negative, suggesting potential weakness.
Price Position: Near the VWAP, indicating possible consolidation.
Long-Term Indicators
RSI: 61, indicating a bullish trend but approaching overbought territory.
MACD: Shows positive divergence, suggesting potential upward movement.
Price Position: Below the EMA20, indicating a resistance level.
Support and Resistance Levels
Support: $173.1800 and $171.4200.
Resistance: $176.6300.
Analysis: The RSI indicates room for upward movement without being overbought. The bullish MACD crossover aligns with positive momentum, but price below EMA20 suggests resistance. Monitoring support and resistance levels is crucial for making informed trading decisions.
Top BTC Pairs Performance
Strong Performance: BTC/ETH, BTC/LTC, BTC/XRP
Weak Performance: BTC/DOGE, BTC/SHIB, BTC/ADA
Analysis: Strong performance in major pairs like BTC/ETH, BTC/LTC, and BTC/XRP indicates robust liquidity and market interest. Conversely, weaker performance in smaller pairs such as BTC/DOGE, BTC/SHIB, and BTC/ADA suggests limited momentum in those areas.
Summary
The current market conditions for Solana (SOL) indicate a bullish trend supported by increasing trading volume, positive sentiment, and strong market interest. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $176.6300 and support levels at $173.1800 and $171.4200. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised due to overbought conditions indicated by the RSI and strong resistance levels, which could lead to a pullback or consolidation.
Trade Recommendation
Outcome: HOLD_BUY
Confidence Level: 85%
Current Price: $174.9300
Stop Loss: $172
Take Profit: $180
Exit Point: $177
Entry Signal Criteria
RSI: Above 50 indicates potential upward movement.
MACD: Bullish crossover.
Price Position: Above MA20 suggests continuation of the trend.
Current Indicators:
RSI: 49.7300
MACD: Bullish crossover
MA20: $71,500
Action Plan
Monitor the Price Closely:
If Price Approaches Resistance Levels:
Action: Hold long positions and monitor for any signs of reversal.
Adjust Stop Loss: Tighten the STOP_LOSS to $172 as the price approaches resistance levels to minimize potential losses.
Take Profit Strategy:
As Price Approaches $180:
Action: Consider taking profits.
Adjust Exit Point: Move the EXIT_POINT to $177 to secure profits.
Risk Management:
Set Stop Loss at $172 to limit potential losses.
Take Profit at $180 to capitalize on expected price movement.
Exit Point at $177 as an intermediate target.
Be Prepared to Act:
If RSI Falls Below 50:
Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly.
Monitor Market Sentiment:
Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
Assumptions/Limitations
This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Solana: Going Up vs Going Up (6X Short Incl.)There are two ways to see prices going up:
1) Going up within an uptrend, this produces and advance.
2) Going up within a downtrend, this ends in a new drop.
1a) The first going up, bullish, always tends to end in a higher high compared to a previous price peak on the chart.
2a) The second going up, bearish, tends to end in a lower high compared to previous price peaks on the chart. Sometimes the second going up can produce a higher high in the form of a double-top before resuming to produce a new drop.
➖ Between October 2023 and March 2024, we have the first going up. A bullish impulse and this produces an advance. Higher highs with each move.
➖ From the March peak SOLUSDT produces a drop that ends in April 2024. There is a going up here of the second type, the move ends in a lower high and produces a new drop.
➖ There is another low set in August and the current going up is of the second type, within a lower high with really low volume. After 87 days of bullish action we have no new highs. For Solana to produce a new high here it needs to grow by an additional 10% or up to 20% if we count the bigger chart structure.
I am bearish on Solana because of this dynamic and a low volume rising wedge. Bitcoin just hit a new high but not one of these pairs are moving ahead.
➢ When Bitcoin peaked in March, everything was booming; this is a bullish impulse, a strong advanced.
➢ When Bitcoin is peaking today, everything is dead; this is bull-trap before a crash event.
This is the last call, here you have the full trade-numbers for SOLUSDT with 6X.
✴️ Solana PREMIUM Trade-Numbers Pt. 2, 6X SHORT—378% Potential
The trade-signal hit one target and moved back to entry price. The numbers are good now.
Thank you for reading.
Your support is appreciated.
Namaste.
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC
At least this conclusion can be drawn from the behavior of the assets in Q2 2024.
While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months.
So:
1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+
2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70
(maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...)
So, what are your expectations for the #SOLUSDC price by the end of this year?
SOLUSDT.1DSOL/USDT daily chart, I notice several key technical indicators and price levels that are crucial for understanding the potential future movements of SOL in relation to USDT.
Key Observations:
Resistance Levels: 'R1' at $196.95 is currently the significant resistance to watch. This level previously acted as a strong resistance point, indicating potential selling pressure.
Support Levels: 'S1' at $159.40 is the immediate support level. This is followed by 'S2' at $133.25 and 'S3' at $109.67, which could play critical roles if the price were to retract further.
Current Price Movement: The price trajectory indicates an upward trend approaching 'R1', suggesting a bullish sentiment in the market.
Technical Indicators:
MACD: The MACD line is above the signal line, indicating bullish momentum. The histogram, however, is showing a decrease in momentum as it approaches zero, suggesting a possible slowdown or reversal of the trend.
Price Trend: The ascending movement towards 'R1' along with the potential MACD cooling suggests that while the upward momentum is strong, it might face resistance soon.
Strategic Approach: Given the approach towards 'R1' under bullish momentum, my strategy would involve looking for potential buy opportunities on any dips towards 'S1', leveraging the current momentum. A confirmed breakout above 'R1' would further solidify the bullish case, making a target of $200 plausible, near the previous high.
Should there be a rejection at 'R1', I would consider taking profits and reassessing the position, keeping an eye on 'S1' for potential re-entry points or further declines to 'S2' if the bearish reversal is strong.
Conclusion: The SOL/USDT pair is exhibiting strong bullish signs as it approaches a key resistance level. Traders should monitor these levels closely, especially 'R1' for potential breakout or reversal signals. The MACD and current price levels suggest that while the short-term momentum is bullish, caution around these resistance levels is warranted. As always, maintaining a disciplined approach with appropriate risk management strategies is crucial for navigating these market conditions effectively.
Solana price is getting bearish#solana #sol price has declined from the trend line resistance and CRYPTOCAP:SOL price is now about to form bearish head & shoulders in LTF. Not financial advice.
How to Use Exponential Moving Averages?The Exponential Moving Average (EMA) is one of the most popular technical indicators for traders, known for its sensitivity to recent price changes and ability to reveal trends in real-time. This is certainly not a 100% grail or a super indicator! But I would recommend not to ignore EMA during backtests
What is the Exponential Moving Average (EMA)?
The EMA is a moving average that gives more weight to recent prices, allowing it to react faster to price changes compared to the SMA. This quality makes EMA especially valuable in volatile markets like cryptocurrencies, forex, and stocks. Typically, traders use the EMA to smooth price data, making it easier to spot trends and reversals.
Key EMA Timeframes:
Short-Term: 10-20 EMA (for quick trades and scalping)
Medium-Term: 50 EMA (commonly used to gauge trend direction)
Long-Term: 100-200 EMA (used to assess overall market sentiment)
Why Use EMA in Trading?
The EMA helps traders identify the trend direction, evaluate market momentum, and recognize possible reversal points. Because the EMA adjusts quickly to price changes, it is effective for day trading, intraday trading, and even longer-term investing. Its responsiveness is particularly useful for:
Trend Confirmation: The EMA helps traders confirm if a trend is upward or downward. Multiple EMAs used in combination can highlight potential crossovers that signal trend shifts.
Entry and Exit Signals: EMA crossovers and support/resistance levels can serve as effective entry and exit points.
Momentum Assessment: Short-term EMAs provide insight into current momentum, while longer-term EMAs reveal broader market sentiment.
Pros and Cons of Using EMA in Trading
Pros:
Reactiveness: EMA adjusts quickly to new price movements, helping identify trends sooner than SMA.
Versatility: Suitable for various timeframes, from scalping to swing trading.
Clear Signals: Effective in trending markets for capturing entry and exit points.
Cons:
Sensitivity to Noise: EMA is more susceptible to market “noise” or erratic price swings, leading to potential false signals in choppy markets.
Not Ideal for Ranging Markets: EMA is less effective in sideways or consolidating markets.
Tips for Trading with EMA
Use EMA in Trending Markets: EMA performs best when there is a clear trend. In ranging markets, signals are less reliable.
Combine EMA with Other Indicators: Use indicators like RSI or MACD to confirm EMA signals and reduce the chances of false breakouts.
Stick to Risk Management Rules: EMAs, while effective, are not foolproof. Always set stop-loss levels and use proper position sizing to manage risk effectively.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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SOL TO 178.3A simple analyse like the last one in SOL ( you ken check it in my profile , hit tp with 4 pourcent ) . im in buy position to 178.3 with a SL 172 .
thanks to share your opinion with me
SOL going UP!BITMEX:SOLUSDT.P
There is a good and strong pattern on solana + it has not yet performed.
We enter the trade with the following criteria:
Entry: 176.11
SL: 170.8
TP: 191
Solana - Wave 4Can see a wave count here with anticipated abc/abcde correction leg into the larger wave 4 count. This would line up with post-election rally with a possible fakeout of Head n Shoulders pattern depending on the structure of the correction leg. May be lagging BTC fractal pattern by few days as it does its consolidation retest from ATH rejection.
Markets very volatile, a lot of uncertainty with election nearing and mid-east tensions ect. Could see a higher Wave 3 here, but can already count a smaller 5-wave cycle within the larger Wave 3 as it heads into Macro trendline Resistance.
Solana Long $185-$194Just now opened a solana long.
$180 stop-loss
50% Tp at $185
25% TP at $194
Will decide on the rest later.
SOLUSDT - Buy high sell higher!More than 300 days trading above 125$
Take this whole time of consolidation to make a bullish pennant pattern in 7d chart
Sol looks bullish as BTC keep going high and higher
We are five days away from the weekly close
And it's obviously sol looking for breakout... successful breakout will take us to 400$ in midterm
Best regards Ceciliones 🎯
SOLANA - a Big love storySolana is a high-performance blockchain designed to support decentralized applications and smart contracts with exceptional speed and scalability. It introduces a novel “Proof of History” (PoH) protocol, which sequences events to establish a historical record of transaction time, integrating with a “Proof of Stake” (PoS) system for validation. This combination allows Solana to process thousands of transactions per second at low costs, making it highly suitable for DeFi applications, NFT platforms, and other dApps that require efficiency and throughput.
Some levels must to be broken to execute that cup&handle in the weekly chart,and one of those is around 215$ then 280$ and we can see this coin goes around 1000$ realistically in the medium or long term!
The only thing is that volumes are slowing down, which can lead to an dry up volume and then a boost that will lead to a break.
stay tuned!
good trading&investing!
BITCOIN vs SOLANA !!BINANCE:SOLUSDT BINANCE:BTCUSDT
Bitcoin and Solana are displaying similar cup and handle patterns on a weekly chart.
Watch for breakout confirmations that could trigger significant upward movements in both assets.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SOLUSDT is in the ascending phase by the cup and handle.
Long term preview!! (BITCOIN)
SOLANA (SOLUSDT) 4H Timeframe, BIG LONG TRADE Targets Done!SOLANA (SOLUSDT) 4H Timeframe Trade Overview:
Position: Long
Entry: 143.38
Targets: TP1 (148.33), TP2 (156.32), TP3 (164.32), TP4 (169.26)
Stop Loss: 139.39
Performance Recap: Solana surged and achieved all targeted levels in this 4H trade setup. Riding above the Risological dotted trend line, the bullish momentum was strong enough to reach TP4, capping a well-structured move.
Market Stats:
Volume: 3.98M
Average Volume (30D): 9.02M
Performance:
Weekly: +8.96%
Monthly: +15.53%
Year-to-date (YTD): +77.77%
Annual: +451.45%
Analysis : With sustained volume and remarkable performance metrics over the past year, Solana’s upward trend reinforces the bullish sentiment. Given the fulfilled targets, it’s wise to monitor volume and possible retracement levels for future entries.
This setup exemplifies a solid risk-reward scenario, demonstrating precision in capturing price momentum across predefined take-profit levels.
SOL/USDT Triangle Breakout Incoming? Targeting the Green Zone!Looking at a potential breakout for SOL/USDT in the 1-hour triangle setup. If we break out, the green zone is my first target – aligned with the triangle’s height projection
SOLUSDT.P
Hello friends,
Here’s the next degen SHORT in this series! We have SOL, one of the giants of crypto. We’re looking at two oscillators, RSI and CMF, both of which are bearish on the 30-minute timeframe. That’s why I'm shorting SOL—but, of course, this is not financial advice in any way!
Stay safe, and keep that SL tight!
SOL Thesis.RAG-GPT4o v0.1 85%!. of course NO ESSENTIAL Hi traders, this is a new version:
Investment Thesis
As a trader specializing in intraday scalping strategies for Solana (SOL), the current market conditions present a favorable opportunity to capitalize on short-term price movements. The recent bullish momentum surrounding SOL is supported by positive news regarding potential ETF impacts, which could drive prices higher. The current price of SOLUSDT stands at $180.8800, with a significant trading volume of approximately 1.5200 million, indicating strong market interest. Given the bullish sentiment reflected in long-short ratios and the majority of traders holding long positions, it is prudent to maintain a long position while closely monitoring market developments.
Data Analysis
Open Interest: Steady increase, indicating growing trader interest.
Weighted Funding Rate: Remains positive, suggesting that long positions are favored.
Liquidation Levels: Currently low, minimizing the risk of sudden price drops due to forced selling.
Binance Data
Long-Short Ratio: Skewed towards long positions, particularly in the 1-hour and 15-minute intervals.
Expert Predictions:
Experts: Many analysts suggest potential price targets above $185.
Consensus: If SOL can break through resistance at $183.3900, it may continue to rally.
Circulating Supply: Approximately 400 million SOL tokens.
Market Capitalization: Around $72 billion.
24-Hour Trading Volume: Robust, further supporting the bullish outlook.
Sentiment Analysis
Sentiment Score: 78%, indicating that traders are overwhelmingly positive about SOL's price movement.
Market Sentiment: Predominantly positive, aligning with bullish indicators observed in both technical and financial analyses.
Technical Analysis
RSI (Relative Strength Index):
Daily Chart: 67.8700, nearing overbought levels.
MACD (Moving Average Convergence Divergence):
Status: Bullish crossover observed, supporting upward momentum.
Moving Averages:
EMA20 & SMA20: Price is currently above both, reinforcing the bullish outlook.
MA10: $179.5000.
Price Levels:
Current Price: $180.8800
Support Levels: $178
Resistance Levels: $183.3900 (1d) and $182.5500 (4h), which may act as targets for profit-taking.
Trend Indicators:
ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook.
Bollinger Bands: Proximity to the upper band on the daily chart warns of a possible pullback.
Analysis:
The RSI indicates strong upward momentum but suggests caution as it nears overbought territory.
The bullish MACD crossover aligns with positive momentum.
Price positioning above key moving averages suggests the continuation of the uptrend.
Resistance levels at $183.3900 and $182.5500 are critical points for potential profit-taking and trend confirmation.
Summary
The current market conditions for Solana (SOL) indicate a strong bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across various timeframes suggest potential upward momentum, with key resistance levels at $183.3900 and $182.5500. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation.
Trade Recommendation
Outcome: HOLD_BUY
Confidence Level: 85%
Current Price: $180.8800
Stop Loss: $178
Take Profit: $185
Exit Point: $182
Entry Criteria
RSI: Below 70 indicates potential upward movement.
Price Position: Above MA10 suggests continuation of the trend.
Current Indicators:
RSI: 67.8700
MACD: Bullish crossover observed
MA10: $179.5000
Action Plan
Monitor the Price Closely:
As Price Approaches Resistance:
Resistance Level: $183.3900
Action: If the price breaks above $183.3900, consider adjusting the STOP_LOSS to $180 to lock in profits.
RSI Movement:
If the RSI crosses below 70, be prepared to take profits or adjust positions accordingly.
Risk Management:
Set Stop Loss at $178 to limit potential losses.
Take Profit at $185 to capitalize on expected price movement.
Exit Point at $182 as an intermediate target.
Stay Informed:
Continuously monitor market developments, news, and sentiment shifts that could impact SOL's price movement.
Use stop-loss orders to manage risk effectively and secure profits as the trade progresses.
