SOLUSDT | Sell/ ShortTrade Plan Order Type: Sell Limit Entry: 188.11 or 185.22 Sl: 194.17 Tp: 165.36 Why: Because There is meeting of FOMC Press Conference and DXY will Up and in this there is Divergence made. Shortby alifalaksher223
SOL SHORT Building upAnalysis: Market Structure Shift (MSS): Awaiting confirmation below 187.52 for entry trigger 🛑 Fair Value Gap (FVG): Identified on the 4H chart (shaded grey area) 📊 Price Action: Bearish momentum expected to continue 📉 🎯 Entry: Below 187.52 on confirmation 🛡️ Stop Loss: Above 194.00 🏆 Take Profit: Targeting 176.80 🎯 📅 Time Frame: 4H Chart ⏰ 🔔 Trade Plan: Wait for a close below 187.52 for entry confirmation. Set stop loss above the resistance at 194.00 to protect against potential reversals. Aim for the take profit target at 176.80, where significant support is expected. Shortby SerenityEquityUpdated 2
#SOL BEARISH BAT PATTERN📊#SOL BEARISH BAT PATTERN📉 🧠From a structural perspective, the goals of the long structure we built near the 115-133 buying zone have been fully achieved, so there is an expectation of a pullback. There is currently an opportunity to build a bearish head and shoulders structure within the selling zone. ➡️From a morphological point of view, a bearish bat pattern has been formed, so a pullback is highly likely, so please be cautious in going bullish⚠️ Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:SOLUSDT.P Shortby wolf_king888115
Potential price reversal and renewed growthOn a 4-hour chart Solana has reached significant levels that could indicate potential price reversal and renewed growth. Possible Reversal Zones: One of the critical reversal zones for Solana is in the range of $169 to $177. This area acts as a strong support level and can potentially cause a price reversal. A price encounter with these levels is likely to lead to a renewed pump and a move towards 200. Price Target: In the event of a reversal and renewed price growth, the price target for this analysis is $200. This level acts as an important resistance, and reaching it would indicate a significant price increase for Solana.by MonoCoinSignal2213
SOLUSDT, Tue 30 Jul, Simple Pattern & Simple Trade Position!The Price was hit the High of Last week! Simple pattern was formed. When The price (Rise up)reach to FVG in top May Expect to have a High Profitable short trade ! Of course, it is possible to trade long until reaching the such FVG in 15m TF! Happy Trade!Shortby kevin13433558
SOL/USDT BUY ZONE BEFORE 200$Sol/usdt is looking below sell side liquidity. And we will target above 200$. Buying below sell side liquidity is second reason and first reason is breaker block in discount zone.Longby Thebitcoin370
#SOL #USDT Long Set UpSol had nice rally from 165 to 194 now pull back to fib 0.5 and seems like forming a double bottom. Will take entry at the break of 184.99 Entry 184.99 Stoploss 179.29 TP1 190.44 TP2 196.01Longby BullBearBTC11
SOLUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial adviseLongby Rising33B1
Simple but effectiveSol has been strong this whole cycle. I dont think it has much lower until it completely breaks out. It may touch the line and if it does i would probabaly be buying thereLongby SuperRippedMegaChad0
SOL possible SHORT setup - July 29 2024#SOL is probably heading for lower levels as possible liquidity sweep above the resistance zone is done. crossing below the trendline is the trigger to short SOL.Shortby AlgoBotTrading2210
Is Solana at risk of a price reversal? What historic trends say:Solana (SOL), the world’s fourth-largest cryptocurrency, gained massive attention as it broke out of the crucial resistance level of $187. Following SOL’s crucial breakout, there is a high chance that it could rise to the next resistance, which is near $204. However, there is also a concern among the new investors about a potential price reversal from this upcoming resistance. According to the historical data and price action, whenever SOL has reached the $204 level, it has consistently experienced a notable price reversal. Since March 2024, SOL has reached this level twice and experienced a significant price reversal each time, which is the reason for the concern among new investors. As of writing, SOL is trading near $184 and has experienced a 4.5% upside move in the last 24 hours. Despite an impressive price surge, trading volume has dropped by 18% over the same period. This decline in trading volume might indicate that investors and traders are conscious of the resistance level due to the historical price reversal. According to technical analysis, SOL recently broke out of the crucial resistance level of $187, and was heading toward the next resistance level of $204. Following this breakout, there is a high possibility that SOL could reach the $204 level in the coming days. Relative Strength Index (RSI) is above 50, signaling trend steadiness. Also, major liquidation levels emerged near the $180 and $203 levels. This creates a potentially bullish outlook for SOL.by paul_endeo2
SOL Short building upSOL deviating about range high and indicating first signs of weakness. Im pointing out a reversal trade and the potential confirmation we are looking for. Short05:59by SerenityEquity2
$SOL - LONG - SINCE $8CRYPTOCAP:SOL July 2021 - CRYPTOCAP:SOL Breakout vs July 2024 - CRYPTOCAP:SOL Breakout Patterns Don't Repeat, but Often Rhyme. Been hooting and hollering on here since $8 CRYPTOCAP:SOL , this might be the last possible chance to safely enter $SOL. GL HF. NFA. #SOLANA - @CryptoCurbLongby CryptoCurb229
SOLANA to $300?SOLANA is approaching its higher timeframe key resistance. If Bitcoin could hit 72k anytime this week, we can see SOL touching $200 I'd expect a rejection at this level, and a move down to $160-ish area is likely, where I would love to look for long. $280 to $300 is the ideal short-term target in my opinion. by Tealstreet4
$ETH & $SOL Performance CyclicalityCyclicality of CRYPTOCAP:SOL (under-performance) and CRYPTOCAP:ETH (over-performance) relative to CRYPTOCAP:BTC ∘ only using data YTD but there seems to be a cyclical pattern to the performance of CRYPTOCAP:ETH and CRYPTOCAP:SOL wrt CRYPTOCAP:BTC ∘ basically CRYPTOCAP:SOL under-performs CRYPTOCAP:BTC and catches up while CRYPTOCAP:ETH is opposite ∘ and the cycle period is about 2-3 mths 🔥 fwiw, CRYPTOCAP:SOL has caught up to CRYPTOCAP:BTC perf ratio-wise while CRYPTOCAP:ETH under-performance is at ratio lows 🤔 tbh, based the cyclicality, for me CRYPTOCAP:SOL is a much better buy as a catchup trade to CRYPTOCAP:BTC outperformance. The time to long CRYPTOCAP:SOL is when CRYPTOCAP:BTC really roofs, not now imho #technicalsby neoman0071
#SOLUSDT#SOLUSDT CRYPTOCAP:SOL Just as expected CRYPTOCAP:SOL seriously pushing to the resistance at $208.87 level as expected SLOWLY BUT SURELYLongby zoddytrading0
Phemex Analysis #10: Solana - Blinks, ETF, and a 60% Surge! The recent surge in PHEMEX:SOLUSDT.P (SOL) price, fueled by the buzz surrounding its "Blinks" feature and speculation surrounding a potential Solana ETF launch, has drawn significant attention from the market. As we analyze the current price action, it's crucial to understand the key resistance and support levels that could shape SOL's future trajectory. Market Context: ETF Speculation: The anticipation of a Solana ETF, following the recent launch of Bitcoin and Ethereum ETFs, has injected a sense of optimism into the market. This speculation has contributed to the recent price surge. Blinks Feature: The introduction of Solana's "Blinks" feature, a novel technology for faster and more efficient transactions, has generated significant buzz on social media platforms like X (formerly Twitter). This positive sentiment has likely played a role in the recent price gains. Technical Analysis: Resistance: SOL's price has encountered resistance around the $205-$210 level. This resistance zone represents a significant psychological barrier and could potentially cap further upside movement. Support: A strong support level has been established at the $120-$110 range. This level represents a key area where buyers are likely to step in and prevent further price declines. Possible Scenarios: Bullish Breakout: A breakout above the $210 resistance level, accompanied by high trading volume, would signal a strong bullish sentiment. This scenario could potentially lead to a significant price rally, particularly if the overall market sentiment remains positive. Strong Rejection at $210: If the price encounters strong selling pressure at the $210 resistance level, it could trigger a retracement towards the $130 or even the $110 support levels. This scenario could present a buying opportunity for investors who believe in SOL's long-term potential, as the price consolidates around these support levels. Conclusion: The recent surge in SOL's price has been driven by a combination of factors, including ETF speculation and the excitement surrounding the "Blinks" feature. While the current price action is bullish, it's important to recognize the potential resistance and support levels that could influence future price movements. Investors should carefully consider these technical factors and the broader market sentiment before making any trading decisions. Note: Have you tried buying crypto on Phemex yet? We support 30+ payment methods, 60+ fiat currencies, and 10+ cryptocurrencies. There's definitely one that suits you! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article. by Phemex3
Solana Price Surges with Strong Technical IndicatorsBINANCE:SOLUSDT has recently displayed significant movement on its 4-hour chart, signaling potential bullish momentum. Recent closing prices indicate a steady upward trend. This upward trajectory is further supported by the 9 EMA and the 20 EMA, which are currently trending higher, reflecting a bullish sentiment. The 9 EMA has risen from $183.46 to $187.12, while the 20 EMA has increased from $181.16 to $183.80. This crossover pattern suggests a strengthening bullish trend, as the shorter-term moving average has moved above the longer-term average. Additionally, the MACD histogram has shown consistent positive values, indicating increasing buying pressure. The MACD line has been above the signal line, reinforcing the bullish outlook. The latest MACD values reveal a significant divergence, with the histogram expanding to 0.7016, highlighting strong momentum. Meanwhile, the Relative Strength Index (RSI) has also climbed, moving from 59.92 to 73.17, entering the overbought territory. This surge suggests that SOL might experience some near-term consolidation or a minor pullback before continuing its upward journey. However, the overall strength reflected by the RSI indicates robust buying interest. In terms of support levels, the Solana price has key zones at $181.48, $175.3, and $171.98. These levels are crucial for traders to watch, as they could provide entry points for long positions if the price retraces to these areas. On the resistance side, the next significant hurdle lies around $200, a psychological barrier that, if broken, could propel SOL towards new highs. For traders looking to capitalize on SOL's movements, the following strategies could be considered: Long Entry Points: Around $181.48, $175.3, and $171.98, with potential exit points near the $200 level. Short Entry Points: If SOL approaches the overbought territory above 200, short positions could be considered, targeting a pullback to the support levels. The bullish indicators suggest that any dips to the mentioned support levels might present buying opportunities. However, given the RSI's overbought condition, cautious traders might wait for a slight pullback before entering new long positions. Overall, the Solana price is demonstrating strong bullish signals across multiple technical indicators. The rising EMAs, positive MACD histogram, and elevated RSI all point towards a continued upward trend. Traders should keep an eye on the support levels for potential buying opportunities and the resistance levels for possible profit-taking or short entry points. Longby Ecoinimist1
$solana new ATH and price discoverySOL/USDT is currently trading at $192.33, demonstrating strong upward momentum with a 4.02% increase for the day and pushing for new ATH.We need to start thinking of price discovery heres what i have in mind . Potential Upside Targets: $216.83 (-0.5 level) $247.49 (-1 level) $278.16 (-1.5 level) $308.83 (-2 level)Longby origami_capital331
SOL new ATH soon ?SOL / USDT SOL reclaimed the key support on HTF and showing clear bullish pennant As long as the above details are intact likely it is heading towards a new ATH soon Longby BabenskiUpdated 242475
SOLUSDTSOLUSDT has more room to go upside. in the upcoming days if BTC remains on the path to reach its previous all time high than sol can fly from here. Keeping in mind that the path is a bit risky as global conditions changes every day. which could effect BTC and in correlation can effect alts too. Overall sol has proved to be bullish ahead of btcLongby TRADETITANWAQAS113
Clarifying Solana's Path Hey friends, I always try to stay away from any specific news or events and focus solely on clarifying my path using Elliott Waves. After spending some time analyzing Solana's chart, here's what I've found: Solana has recently completed its fourth wave and has started forming its fifth wave. In the image, there's a clear parallel channel that I've explained. The question is: What happens now? ☝️ There are two possibilities: 1. All five waves have formed correctly and completely. 2. The fifth wave is not complete and is still forming. Let's examine both scenarios 🙌🏽. I'm approaching this with an unbiased perspective. If the first scenario is correct and the five waves are complete, we are now in wave a, which could present good selling opportunities. If the second scenario is true, we are now in wave 2 of the five waves, which could present good buying opportunities. But how can we determine which scenario will play out? I'd love to hear your thoughts, whatever they may be. Your friend, Rabbit ❤️by alirexavy1
SOL breakout - 1HSolana is creating a symmetric triangle in 1D timeframe. There is a potential breakout brewing at this levels. If the price closes above $186, we can confirm a breakout to $190 followed by a minor retest.Longby Mudrex4