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SOLUSDT trade ideas

SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL. White (longs) Orange (shorts) Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels. Shorts coming off their lows and seem to bottom when SOL price peaks. Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts). Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity. What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general. My takeaways: SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze. Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout. Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why. If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range. Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
by bhx10
Solana Remains Below Resistance (80-95 Next Target)Repeating the exact same patterns as Bitcoin, Solana remains below resistance in the form of MA200. Good afternoon my dear reader, I hope you are having a wonderful day. Solana produced a fake breakout when it moved above MA200, because it only stood there for three days. On the fourth day it moved back down and is now red. A small jump was attempted yesterday but a reversal happened before reaching MA200, a signal of weakness; the bearish potential has been strengthen, the continuation of the bearish move has been confirmed. The low 100 level was hit twice already, in April and August 2024. Each time a support level is challenged, the weaker it becomes. Seeing that the current move has more than sixty days in the making, it is likely that this same support won't hold a third time, and thus we expect for Solana to move below 100 on the next drop. The support price range for the upcoming drop sits between 80 and 95, which is the January 2024 baseline. It can go lower after a few days, it can bounce after a few days; this is a strong support level and we will see a reaction here for sure, if the 100 support range breaks. ➢ We continue to expect lower prices based on the signals coming from the chart. ➢ Solana is set to move lower. Thank you for reading. You are appreciated. Namaste.
Short
by AlanSantana
Is SOLANA really bullish? A different lookEveryone is super bullish on SOL, and I have been also, look at my previous post: But are we still bullish is the question? We hit a 2.618 on logscale exactly for this top, and thats HUGE. So far we are holding a triangle like consolidation pattern at the top but we are setting lower highs and support has been tested 7 times! This will not hold forever if we keep testing it. If we have a catalyst event this could cause a strong breakdown after so many attempts. So what can the cataclyst be in "uptober" where everyone will leverage long like true degens. - Market data has been proven incorrect and better than expected. What happens if the FEDs announce that they don't need to cut rates? Crypto will absolutely not like this. - Israel or russia war events can cause huge disturbances to the market - ?? Am I saying short SOL? No. I'm saying prepare for a possible unexpected turn of events where the entire market is wrong, like always, and you will be prepared. I for one got 3 big limit orders with the major ones being $69 hihi, and $40. If we actually break down i don't expect $80 to be anything more than a bounce.
Short
by Gojira-san
SOL - Are these moves big enough CRYPTOCAP:SOL is facing some market indecision and is at a fib retracement level of the 382 after hitting the .618 As often seen in the market price retracts in search of liquidity and confirmation of support. we have a long legged Doji candlestick on the Weekly close that is showing market indecision and could indicate an end to the downward momentum. We need to confirm this before we can be sure of this reversal and are watching for support to be found on the 382. Barring support being found we will see price go lower into the accumulation price area and we must confirm the trend reversal before entering a trade. If we can setup the trade and catch the reversal we could see anywhere from 20% to 40% returns on a day position and may want to look towards entering into a 30 day long at this point as well for even larger possible returns as SOL could be in the 170 area in a month if we break out of the overall larger downtrend
Long
by dasBoot
SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis: Current Trend: The price has broken below a key trendline, indicating potential further downside. Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected. Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD. Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance. Watch for price action near the 141.07 level for potential short opportunities.
by Suyouu
SOL - a week in the Sun ? or is Rain on the way SOL is starting off the week 20% lower, we've had a price retraction and profits have been taken, liquidity has been swallowed up, the weekend is over and its time for the market to resume "Marketing" . Sol is already breaking out and we will have to watch , but we area long as of Sunday at 141-143 We were looking for our target of the 150 level to take profit, and as the week continues I plan to trade SOL daily with some positions So I will be watching It and trying to keep the Days action organized.
Long
by dasBoot
1
Is SOLUSDT About to Break Down?Yello Paradisers! 🔥 Is SOLUSDT on the verge of a major bearish move? Let’s break it down! 👀 💎SOLUSDT has flashed a Change of Character (CHoCH), hinting at a shift toward a bearish market structure. The current setup is starting to resemble a Head and Shoulders pattern, a classic signal of an impending downtrend. 💎Additionally, after the CHoCH, we saw a Bearish Engulfing pattern forming right on the resistance zone, further strengthening the bearish case. However, a supportive trendline below could provide temporary relief, so caution is essential! 💎If the price rises from the current level, a pullback from the strong resistance zone may be in play. If an Internal CHoCH (I-CHoCH) appears from this resistance area, it will reinforce the bearish potential and signal a continuation of the downtrend. 💎That said, any breakout and candle close above the strong resistance zone will invalidate this entire bearish outlook. Stay patient and trade with discipline, Paradisers. The market is at a crossroads—let the charts confirm the move before jumping in. This is where strategic planning separates consistent traders from the rest. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Solana got Raped ?!This chart illustrates the price action of **SOL/USDT** on a 4-hour timeframe, with the following key insights: @Tradewithmky More than 91% winrate live in tradingview ### 1. **Price Action**: - SOL is currently trading around **$147**, following a bounce from the lower levels near **$132-136**, with recent upward movement supported by an ascending trendline. - However, price is showing signs of a potential stall or reversal at current levels. ### 2. **Fair Value Gaps (FVG)**: - **4-hour FVG and Daily FVG**: The red shaded areas between **$148-$154** indicate a resistance zone where the price may encounter selling pressure. - The price has been rejected within this zone, and we see wicks (upper shadows) indicating that buyers are losing momentum in this region. ### 3. **Projected Price Movement**: - The **green arrow** suggests a possible short-term push higher towards the upper part of the resistance (near $152) before encountering heavy selling pressure. - The **red arrow** indicates a projected bearish reversal after hitting the resistance zone. The price is expected to break below the ascending trendline and head lower, potentially targeting the **$136-$132** support area. ### 4. **Support and Resistance**: - **Resistance**: The zone between **$148 and $154** is a strong resistance area due to overlapping FVG zones. - **Support**: There’s a clear support zone around **$132-$136**, which could be tested if the price breaks down. ### 5. **Market Sentiment**: - The price action suggests a **bearish bias**. Despite the current upward trend, there are signs of weakness as SOL struggles with the resistance zone. A break below the ascending trendline would further confirm a downward move towards lower support levels. This analysis suggests that SOL is facing strong resistance around $148-$154, and a pullback towards $132-$136 may be likely.
Short
by TradeWithMky
SOLUSDT Bullish Advantage > BUY!Greetings to traders and investors tuned in worldwide! Here is how I’ve been actively monitoring the price of SOLUSDT for the past few weeks and now I have shared with you how I potentially intend to calculate and catch the next price target levels with proper risk management as a result of relentless testing, documentation and preparation, focusing on key details that should work profitably when implemented correctly. If you agree with this idea, please hit the boost and follow / I would appreciate it 💛 (Read slowly if you will 👇🏾) In the beginning, this process of developing, figuring out, comparing, collecting, learning and timely executing this high probability Buy Opportunity was initiated by this Bullish Candle that presented itself possessing these four specific principles below, which I believe has the potential capacity within itself to effectively influence the price of SOLUSDT to rise 7.59% above the top bullish candle at 149.038 while preventing the price of SOLUSDT from hitting a 1.79% price level point below the top bullish candle at 136.302 in the first 1 day 45 minutes of its overall testing process. (These are the four specific principles present) - 10.4.2024 1st Principle = This Bullish Candle and (Blue Ema) are both above the (Red Ma) 2nd Principle = This Bullish Candle was found with a flat bottom, no wick 3rd Principle = This entire Bullish Candle is fully above the Ichimoku Cloud 4th and final Principle = The previous wick of this Bullish Candle is 327 ticks away from the top bullish candle, which is greater than 306 by 21 = automatically making it a greater previous wick, knowing that the greater previous wick is > the potential effectiveness and profitability I would expect this Bullish Candle to be within its capacity to influence the price of SOLUSDT to rise. (Greater chart view + image) - 🖼 (Buomkuoth’s live Buy Position off this Bullish Candle revealed) - 10.5.2024 MY ENTRY PRICE was 139.949 / the current price of SOLUSDT is 142.339 The price of my stop loss is set at 138.142 (1.48% below this EP) The price of my take profit #1 is set at 149.038 (6.49% above this EP) The price of my take profit #2 is set at 152.670 (9.09% above this EP) - My personal risk management and tolerance rules are in place within this Buy Position / always assess risk management to your trading strategy (Bk) Buomkuoth Nhial Reath / Glory be to Jesus Christ now and forevermore! Amen
Long
by BuomkuothNhialReath
SOLUSDT, Mon 07 OCT, Week of Longs!Last week, we had a market decline from Monday to Thursday, and the price returned from Friday. This week it seems that we will have a bullish market. And the reasons: - The price is in the discount area. (below the 50% Fibo line) - The pattern of cup and handle has also been formed (for those friends who like patterns) - Swing low (daily) has been hitted. So this time I will be looking for long positions and I predict that the big move will be formed around Thursday.
Long
by kevin13433
6
SOLUSDT - Long Trade IdeaThis seems like a nice long opportunity on SOLUSDT perpetual contract pair. The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity. I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry. SL below the last expansion low that reached into nested weekly PD Arrays. - R2F
Long
by Road_2_Funded
4