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SOLUSDT trade ideas

$SOL Short Term TradeCRYPTOCAP:SOL Looking good for a short term breakout on the 4h. Price has formed a short term descending channel. I will enter this trade upon a break of the the 4h descending channel AND a break of the descending 4h RSI resistance. This is a HIGH RISK trade as we will probably not see a 4h close above these levels in the next few minutes. I am using the Stochastic RSI to increase my confidence in this trade. Stoploss to be set right inside the descending channel. Measured move target is around 181.8-182.8 Enter with a break of the 4h RSI down trend as well as a break above the descending channel. Personally I will be taking the trade when those two occur but it will be very high risk trade as we probably will not have seen a 4h close above those levels within the 30min of this post. Im using the stochastic RSI to support this trade. Measured moved targets are around 181.8-182.8
Long
by The_Oracle_ZA
1
SOLANA / GROWTH FROM ONE OF THESE SUPPORTS!!🚀#SOLANA is poised for another bullish run, here's why: 🔰As explained in my previous post, SOLANA has broken through significant resistance levels. Most importantly, it has breached the daily timeframe BEARISH trendline. 🔰The retracement from the BULLISH channel's top has been gradual and weak. Therefore, it's likely that this retracement will find support at key levels and reverse into an BULLISH trend. 🔰Key SOLANA support levels: 172.22-174.14 ZONE and BULLISH channel's bottom OLD BULLISH trendline 🔰If the anticipated uptrend materializes, here are the target levels: Target 1: 195.93-197.44 Target 2: 201.67 Target 3: 210.39 ❌Stop-loss for the bullish scenario: The BULLISH trendline. A breakdown of this trendline in the 4-hour timeframe would signal a bearish market.
Long
by Eldorado_Land
4
Sol - Breakout of TriangleRecently, we have seen a breakout of our triangle we have been monitoring. Prior analysis can be found here: Things look great for solana, but it is possible we see one more retest around the $160 level to confirm the old resistance of the triangle being flipped into new support. This is also because our RSI at the bottom is showing us at overbought conditions (red arrows). Once we close above the 70 level on the RSI we will have enough momentum for Solana to propel price back to the previous highs.
by VIAQUANT
1
Will Solana (SOL) have a chance to secure $210?Solana (SOL) broke above the downtrend line on July 20, opening the doors for a possible rally to $210. However, the bears are unlikely to give up easily. They will try to stall the rally near $189 and pull the price toward the downtrend line. If the price rebounds off the downtrend line, it will signal that the bulls have flipped the line into support. That will increase the likelihood of a rally to $210. Contrarily, if the price turns down and breaks below the downtrend line, it will suggest that the bears are making a comeback. The SOL/USDT pair could then plummet to the moving averages.
by paul_endeo
Solana Technical Analysis: Will SOL hit new highs?In the past week, BYBIT:SOLUSDT has demonstrated impressive performance, yielding returns of 16.2%. This performance stands out even among the top market-cap giants. The market sentiment towards Solana and its associated tokens, including SOL-based meme coins, remains highly bullish. This bullish sentiment has propelled the prices of key Solana ecosystem coins like Jupiter, Radium, and Ponke. On the technical front, SOL has been forming a large symmetrical triangle on the daily timeframe. Within this pattern, a double bottom formation has emerged, signaling a bullish breakout. As expected, SOL experienced a substantial rally, climbing from $135 to $185. After retesting $172, SOL is now challenging the $185 level once again. The next significant target is $200, with potential to revisit this year's all-time high of $210. Further analysis reveals that the daily MACD (levels 12, 26) is turning bullish, currently valued at 8.50. The RSI stands at 65.71, indicating there is still room for upward movement. Additionally, Solana has respected the 200 EMA, providing further hope for continued bullish momentum. These major indicators suggest a continued bullish momentum, reinforcing the potential for further gains in the near term.
Long
by Mudrex
2
Solana Price Explosion? Here’s What the Charts Say About SOL!BINANCE:SOLUSDT has shown significant volatility in recent trading sessions, with closing prices fluctuating between $175.4 and $184.49. This movement indicates a market that is both active and potentially ready for further developments. Solana Price Technical Overview The immediate resistance level for SOL is at $181.39, which is crucial as the price has approached but not yet breached this point. Beyond this, the next significant resistance stands at $187.25. On the downside, support is present at $175.3, with stronger support levels identified at $169.12 and $168.29. These levels will be critical in determining the price's ability to either consolidate or trend further. Exponential Moving Averages (EMAs) provide insight into the market trend. The 9 EMA is currently above the 20 EMA, indicating a short-term bullish trend. This suggests that the recent momentum could continue pushing prices higher, especially if the price breaks the immediate resistance at $181.39. Meanwhile, the Moving Average Convergence Divergence (MACD) is also painting a bullish picture. The MACD line is above the signal line, with positive histogram values, although the histogram is showing signs of potential weakening. This indicates that while the bullish momentum is currently in play, traders should be cautious of a possible slow down. At the same time, the Relative Strength Index (RSI) has shown fluctuating values, peaking at overbought levels around 80.77 and recently cooling down to 66.33. This decline suggests a potential retracement or consolidation phase before any further upward movement. Trading Strategies: Entry and Exit Points For long positions, traders might consider entering around the current support level of $175.3, with an initial target at the resistance of $181.39. If the Solana price breaks above this level, the next target would be $187.25. Setting a stop loss just below $175.3 can help manage risk. Short traders, on the other hand, might look for entry opportunities if the Solana price fails to break above $181.39 and shows signs of reversal. A target for short positions could be around the stronger support levels of $169.12 and $168.29, with a stop loss slightly above $181.39 to minimize potential losses. SOL's technical indicators suggest a cautiously optimistic outlook, with bullish trends visible in the short term. However, the fluctuating RSI and the potential weakening in the MACD histogram advise traders to remain vigilant. Key levels will play a pivotal role in the next moves, and strategic entries and exits will be essential for managing trades effectively. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Long
by Ecoinimist
Will SOLUSDT Break Out or Face Rejection? Find Out NOW! Yello, Paradisers! Have you noticed the recent formation in #SOLUSDT? It’s shaping up into an inverse head and shoulders pattern, a classic bullish signal. But what does this mean for our next move? Let’s dive in and find out! 💎#Solana has formed Inverse Head and Shoulders Pattern This pattern typically signals a potential probability reversal to an uptrend. Solana is facing neckline resistance at $152.18.If we break above $152.18, the next hurdle is $169.9-$176. Sustained volume will be crucial for breaking above the neckline resistance. 💎If Sol fails to break the neckline resistance, strong support lies between $139.6-$135.5. Bullish Order Block Additional support at $137.56 which is a strong probability of holding demand and bullish order block and facing then neckline resistance and strong resistance. 💎Invalidation Point The bullish pattern will invalidate if we see a candle close below $125.04. Stay focused, patient, and disciplined, Paradisers. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
SOLUSDT History repeating?SOLUSDT technical analysis update The SOL chart appears to repeat the same pattern in this bull cycle. In the last bull run, SOL accumulated for 170 days before the first phase of the bull run. After the accumulation box breakout, the price surged by over 1200%. Then, the price formed a flag pattern before the second phase of the bull run, resulting in a further 700%+ increase. Now, the price is repeating the same pattern in this cycle. After accumulating for 300 days, the price broke out of the box and went up by 550%+. The price is forming a flag pattern and is about to break it. If the price breaks the flag pattern, we can expect a 200%-400% move in SOL. Regards Hexa
Long
by HexaTrades