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SOLUSDT trade ideas

SOL/USDT Trade Setup: Awaiting Resistance Breakout Confirmation""Currently observing SOL/USDT on the 4-hour chart. The price is testing the resistance zone around $231.45. I am waiting for a clear breakout above this resistance level with strong volume confirmation before entering a long position. My target would be the next resistance area around $262.69, with a stop-loss placed near $214.06 to manage risk. If the breakout fails and price gets rejected, I will re-evaluate the trade setup and wait for a better opportunity."
Long
by sinaaf
WHERE DO YOU THINK SOLANA WILL GO?Solana's price chart tells a powerful story, featuring a symmetrical triangle that will trigger a volatility surge. The recent consolidation phase showcases strong bullish sentiment, with higher highs and higher lows. The 5EMA lines provide a solid foundation, supporting price movements reliably. As the price approaches the 12-period EMA, it outperforms longer-term averages, highlighting the impressive strength of the uptrend. This mirrors the 2020 crypto market surge, where similar technical indicators signaled a robust upward trend. The MACD indicators offer a balanced view, reflecting short-term momentum and subtle divergences that demand attention. The CM Ult MACD takes a neutral stance, warning of a potential slowdown in the upward trend, reminiscent of the cautious optimism seen during the 2017 crypto bull run. Volume will dictate the next move. A significant increase in volume during an upward breakout will confirm bullish expectations, similar to the 2021 surge of theuron (URNT), where rising volume drove the token's value. Weak volume will raise concerns, echoing the 2018 crypto market downturn. The $300-$500 target range is within reach, provided the triangle's upper boundary is breached decisively. The broader crypto market recovery, similar to the rebound following the 2018 crash, supports this outlook. Stay vigilant. Watch for breakouts accompanied by rising MACD and volume, like the 2021 Dogecoin (DOGE) surge. If bearish forces gain momentum, the lower triangle boundary and the $177-180 range will provide crucial support, similar to the $100 support seen during the 2020 Bitcoin (BTC) correction. Solana's bullish traits dominate this consolidation phase, echoing the optimism of the 2021 crypto market boom. The forthcoming pattern resolution will determine its next significant move, and traders must prepare for either outcome. IF BREAK OUT OCCURS WITH HUGE VOLUMES YOU CAN SEE A SURGE OF $150 TO $300 IN MID TERM HOLDING .
Long
by PROFITPULSE10X
SOL: Massive Bull Flag Formed! Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $240 and take profits at the levels shown in the chart. Targets: 1. $245 2. $251 3. $260 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
15
SOL/USDT Analysis: Descending Channel Meets Critical Supply ZoneHey fellow traders! Let's dive into this fascinating SOL/USDT hourly chart that's showing some really interesting technical patterns. First, what immediately catches my eye is the descending channel (those yellow parallel lines) that's been guiding price action. The text on the chart points out "Multiple Touches Confirming the trend" - and they're absolutely right. We've seen several clean touches on both the upper and lower boundaries, which gives this channel formation strong credibility. The current price is sitting at 228.17 USDT, and we're seeing a -1.40% decline. What's particularly interesting is how we're interacting with what the chart labels as a "Strong Supply Zone From Daily Timeframe." This isn't just any supply zone - it's coming from a higher timeframe, which typically carries more weight in technical analysis. Looking at the moving averages, we've got both a blue MA (likely the 200-period) and a red MA creating a bearish cross. This adds another layer of confirmation to the current downward pressure. For the short term, we're at a crucial decision point. The price has just bounced off the supply zone (marked by that last circle), showing sellers are still active in this region. That green arrow suggesting potential movement? It's pointing to possible upcoming price action, but remember - these are projections, not guarantees. Medium-term outlook shows we're still firmly within that descending channel, and until we see a convincing break above it, the path of least resistance remains downward. Those multiple touches mentioned in the chart have validated this bearish structure. Long term? See that purple marker near the bottom? That could be our next major support level if the current structure continues to play out. However, smart traders should watch for any signs of channel breakout, as these patterns don't last forever. What makes this setup particularly tricky is the confluence of multiple technical factors - the descending channel, the daily supply zone, and the MA crossover. This is exactly the kind of situation where proper risk management becomes crucial. Remember folks - while the technical setup looks bearish, Solana is known for its volatility. Keep your stops tight and never risk more than you can afford to lose. Anyone else seeing other interesting patterns here? I'd love to hear your thoughts!
Short
by TheCryptoFork
Lingrid | SOLUSDT Potential Channel BREAKOUTBINANCE:SOLUSDT has been in a downward channel, which is a pullback against the major bullish trend. The price has bounced off the 200 psychological level, gaining bullish momentum. Currently, the market is testing the middle of the range zone, which may lead to some pullback. I think the price move move sideways below the channel border before potentially breaking out of the channel and resuming its upward movement. The fact that the market took liquidity below the previous week's low suggests that there is sufficient buying interest to propel the market higher. Overall, I expect a bullish upward move once the price breaks out of the channel, driven by the underlying bullish trend and liquidity accumulation. My goal is resistance zone around 250.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
4
Solana Price OutlookAccording to the chart provided, the price of Solana (SOL) is currently in a range close to the resistance of $231.97. If this level remains valid as resistance, the price is likely to move downwards and could fall to the support of the channel floor around $202.06. This analysis is based on two points: Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards. Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside. Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.
Short
by arongroups
Solana (SOL): Possible Upwards Momentum To Happen!!!Solana is in an interesting spot where we are seeing some signs of bullish momentum to happen (where after each fakeout below 200EMA we had a decent amount of upward movement). Now, in order for that move to happen, we need to fully secure our buying entry zone, which would then result in the bullish move. Now as we fad formed the fakeout, we see currently some weakness to kick in near the zone of pressure, which might lead price back below the 200EMA (resulting in a break of structure and possible further movement to lower zones from there), so as always, we wait! Swallow Team
Long
by SwallowAcademy
Solana's price remains in the support zone!Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As we can see, the price of salt was moving in a downward trend channel, from which the price came up, and the increase itself, as is often the case in such a situation, is close to the height of the channel in which we were moving. Next, we can see how the price increase to the upper limit of the resistance zone from $238 to $261 has been rejected, only breaking it can result in an increase to the strong resistance at $298. However, here you can see how the price quickly returned to the lower range of the zone, from which the breakout resulted in a quick return to the support zone from $203 to $185. Currently, the upper limit of the zone is maintained by the cane, but if we see a rebound again and the zone is broken, the price may quickly return to around $165. When we look at the MACD indicator, we will see that we are still in an upward trend, but the recent recovery has made a lot of room for possible further increases.
by cryptodailyuk
Major Correction before trying to overtake ETH?This time, we’re looking at the Solarna chart. As you can see, we have a very large overarching yellow structure, and our interim breakout was stopped at the resistance line. On the right, I’ve included an image from a smaller timeframe, and as you can see, we’re currently managing to position ourselves within the reversal zone, also known as the XY level, in a turquoise structure. I strongly believe this level will push us down into the target levels. Within these target levels lies our overarching yellow XY level. This marks a very attractive area where Solarna has a good chance to regain strength, complete the sequence to the upside, and aim for the $300 mark. Will this be enough to dethrone Ethereum? Only time will tell.
Short
by xSamu_TA
1
$SOL - Consolidation in a bullflag / Channel before new ATH The cryptocurrency Solana ( CRYPTOCAP:SOL ) appears to be in a consolidation phase, forming a bullish flag or channel pattern. These patterns are often interpreted as a pause in the prevailing trend, typically followed by a continuation to higher levels. If the technical pattern plays out as expected, this consolidation could precede a breakout to new all-time highs (ATH). Analysis: 1. Bullish Flag/Channel Pattern: - Pattern Characteristics: The bull flag or channel is identified by a downward or sideways sloping consolidation after a sharp upward movement. In CRYPTOCAP:SOL 's case, the price action suggests a period of reduced volatility within a defined range, indicating a temporary pause rather than a reversal. - Implications: This setup is often viewed as a continuation pattern, signaling that the asset is gearing up for another leg higher. 2. Market Context: - Previous Uptrend: The presence of a bull flag typically requires a preceding strong upward trend, which CRYPTOCAP:SOL has likely experienced leading up to this phase. - **Broader Sentiment:** Market conditions, such as sentiment around cryptocurrency markets and Solana's fundamentals, are pivotal in validating this bullish outlook. 3. Potential for New ATH: - Breakout Confirmation: If CRYPTOCAP:SOL breaks above the upper boundary of the flag/channel with strong volume, it could confirm the bullish continuation pattern. - **Target Projection:** The height of the preceding rally (flagpole) is often used to project the potential target after the breakout, suggesting that CRYPTOCAP:SOL might achieve or surpass its previous all-time high. 4. Risks to Consider: - Invalidation:* If CRYPTOCAP:SOL breaks below the lower boundary of the flag/channel, it could invalidate the bullish pattern, potentially signaling a trend reversal or prolonged consolidation. Conclusion: The consolidation of CRYPTOCAP:SOL in a bull flag or channel pattern indicates a potentially bullish setup, with the possibility of achieving new all-time highs. However, traders should monitor breakout levels, volume confirmations, and market conditions to validate the pattern and manage risks effectively.
Long
by akaboshi
SOLUSDT.1DThe daily chart of SOL/USDT shows the asset trading within a well-defined range, having recently faced a downturn from the upper resistance level. This analysis will highlight the key price levels, examine the current market conditions, and evaluate the implications of the technical indicators. Price Action and Structure: SOL/USDT has been trading within a price channel, demonstrating fluctuations between support and resistance levels. Currently, the price is around $210.35, having retreated from a recent high near the resistance level at $262.33 (R2). Resistance and Support Levels: Resistance Levels: The immediate resistance is observed at $202.28 (R1). A breakthrough above this level could lead to a retest of the higher resistance at $262.33 (R2), which has capped previous price ascents. Support Levels: Key support is currently found at $153.26 (S2). Before this more significant level, a minor support exists at $202.28 (S1), which could provide some stabilization in case of further price declines. Moving Averages: Not explicitly shown on the chart, but typically, the placement of the price relative to its moving averages can provide insight into the overall trend's strength and potential reversal points. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is indicating a bearish momentum as the MACD line is positioned below the signal line. The increasing distance between these lines suggests strengthening bearish momentum. RSI: The Relative Strength Index (RSI) is currently at 54.71, indicating neither overbought nor oversold conditions, offering room for potential movement in either direction. Conclusion: SOL/USDT is currently in a retracement phase within a larger bullish context. The key levels to watch are $202.28 (S1) for immediate support and $262.33 (R2) for resistance. The current technical setup suggests that while there is potential for further downside towards S2 at $153.26, the neutral RSI indicates that there could be sufficient buying interest to stabilize the price or drive a recovery if broader market conditions remain favorable. Investors should monitor these levels closely along with the MACD and RSI trends to gauge the asset's next directional move.
by MarsSignals