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SOLUSDT trade ideas

SOLUSDT, Wed 26 Jun!Based on the analysis at the beginning of the week and also what I expected, The price rise up. It crossed the High of Saturday and Sunday, but did not exceed the High of Thursday last week. It only touched 50% of the one-hour candle`s wick on Thursday last week. It seems that it will not fluctuate much today, and only with a little patience will we find out if it will go higher than today's High or not (which I don't think it will go higher). I expect that tomorrow we can witness a fast and sharp downward movement. And Then..... Wed 26 Jun - 08:37
by kevin13433
2
SOL ANALYSIS🚀#SOL Analysis : 🔮As we can see in the chart of #SOL that there is a formation of Descending Channel Pattern. #SOL is consolidating in a descending channel.... currently waiting for breakout the pattern. Incase of successful breakout...... we can  expect 30% bullish wave in coming weeks📈📈 🔰Current Price:  $135 🎯 Target Price:   $175 ⚡️What to do ? 👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits⚡️⚡️ #SOL  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
4
Solana (SOL): Preparing for Further CorrectionsInitially, we entered Solana at $80 and have been pleased with our position. However, upon reevaluating our scenario, we believe that the larger Wave II may not be complete, and we could see further downside. Therefore, we have decided to adjust our stop loss to avoid being prematurely stopped out, especially if Wave II is not yet finished. This adjustment is based on our long-term belief in Solana's potential. We anticipate that Solana might fall to the range between $92 and $51, with $51 being the absolute maximum downside level. In anticipation of further corrections, we plan to place a second entry at the 127.2% Wave C level, expecting a significant rise post-correction. Quarterly VWAP Analysis In the current situation, the 2024 Q1 VAH (Volume Area High) is acting as resistance, while the current range is defined by the 2024 Q1 VWAP at $126, which has been touched twice, each time forming lower lows. If Solana loses the $126 support level, the next significant range is between $91 and $82. This aligns well with our second entry target at the 2024 Q1 VAH and the 2023 Q4 VAH. In the worst case, a further drop could take Solana down to around $60. To achieve a bullish reversal, Solana needs to reclaim the $126 level and push upwards. Breaking above $161.9 would signal strength, and surpassing the $210 mark would confirm a bullish trend continuation. In conclusion, we remain open to further downside to the $91-$82 range for a potential second entry. Holding this range is crucial to avoid deeper declines towards $60. Conversely, reclaiming $126 and breaking above $161.9, and eventually $210, would indicate a strong bullish reversal.
Long
by freeguy_by_wmc