SOL updateSOL - potential (still in downtrend as of now) UPside zones (3 Red Lines). Good luck!by sunmikee0
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 Rising33BUpdated 2
Solana Bullish Line 99% Accuracy1st of All Not A Financial Advice Just for Cse study Annotating IFVG OF daily so crucial for bullish scenarioLongby GOLD_HAND_TRADER2
Lingrid | SOLUSDT long from the DEMAND areaBINANCE:SOLUSDT price has entered a consolidation phase after a significant bullish move, oscillating between 160.00 and 120.00. Given the classic trading strategy of buying at the bottom and selling at the top of the pattern, it's logical to anticipate a buy opportunity at the lower end of this range. Notably, the market has already reacted to the key support level at 120.00, with multiple rejection candles forming as it bounces off this level. I expect the price to retest this key level again before potentially moving upwards by taking liquidity below the equal lows. My target is resistance zone around 157.40 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid111123
Solana to $800 this year is FUDComparing Solana last cycle 5 wave impluse with current price action of 2024Longby DoginalDegen3
SOLUSDTUnderstanding the Head and Shoulders Pattern in SOL/USDT What is the Head and Shoulders Pattern? The head and shoulders pattern is a classic technical analysis formation that signals a potential reversal in the trend. It consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). This pattern is often used by traders to predict a shift from a bullish to a bearish trend. Breakdown of the Pattern Left Shoulder: The price rises to a peak and then declines. Head: The price rises again to a higher peak, forming the head, and then declines once more. Right Shoulder: The price rises once more but to a peak similar to the first peak and then declines again. The neckline, drawn by connecting the lowest points of the two troughs, is a crucial support level. Once the price breaks below this neckline, it confirms the pattern and suggests a potential bearish move. Current Situation in SOL/USDT Solana (SOL) has recently completed a head and shoulders pattern and has broken below the neckline. This indicates a potential bearish trend reversal, making it an interesting short trade opportunity. Expected Returns If the head and shoulders pattern fulfills, traders could expect about an 8.35% return on this short trade. This return is calculated based on the height of the pattern from the head to the neckline, projected downward from the point of the breakout. Technical Analysis Insights Inverse Head and Shoulders Pattern: For context, the inverse head and shoulders pattern is the opposite and signals a bullish reversal. Currently, SOL's formation is a standard head and shoulders, indicating a bearish outlook 2. Support and Resistance: Key resistance levels are around $150.77 - $158.89, with significant support around $118.69 - $120.00 2. Risk Management Risk management is crucial in trading. Always use a stop-loss to limit potential losses. For this trade, setting a stop-loss slightly above the neckline can help manage risks effectively. Conclusion The head and shoulders pattern in SOL/USDT suggests a possible bearish trend with an 8.35% return on a short trade. As always, conduct your own research and consider your risk tolerance before making any trading decisions. Further Reading Technical Analysis Basics: For those new to technical analysis, understanding the basics can provide a solid foundation. Risk Management Strategies: Implementing effective risk management can help protect your capital in volatile markets. By understanding and utilizing these patterns and strategies, traders can better navigate the complexities of the cryptocurrency market. Note: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.Short02:11by XTradeSetup112
Short trade 7th July 24 Sellside - NY Session AM 30min TF entry Sellside Entry 139.0195 Profit level 133.4902 (3.98%) Stop level 139.2692 (0.18%) RR 22.14Shortby davidjulien369Updated 332
Solana 7224Is Solana in a bull penant on the monthly chart? I cant recall seeing a chart with this much potential in quite some time. If this is true we will be seeing a 2k dollar Solana in the future. I could see it starting its ascent very soon. Solana, Tesla, Silver. I really like these three.by BrandonrGUpdated 113
SOL/USDTThis is something very risky, handle with caution as the current market sentiment might likely truncate waves, however here its.by hazaq1
Does #SOLANA fall with a triangle?!#SOLANA can continue to fall in the form of a triangle!! Growth can stop on one of the points 1 or 2 (see photo). Point 1: Key resistance ZONE of the daily time-frame and trend with a steeper slope Point 2: the upper arm of the triangle Drop targets in order: Target 1: 120.54-122.00 Target 2: 94.47 Target 3: 79.26 This post is updated based on different time-frames Do you agree with my opinion or not?!Shortby Eldorado_Land112
SOLUSD - SOLBTCSOL keeps showing strength against both USD and BTC, against my expectations. A bit of hindsight analysis, but the red markers show SOL coming into support on both pairs at the same time. Keep an eye out for this, whether it's on this coin or any others. If you can't find the ALTBTC pair, you can always create it by typing "ALTUSDT/BTCUSDT" in the tradingview searchbox. Even more important then buying double support: watch out for ALTBTC losing support or starting to downtrend. If this happens, your altcoin will keep underperforming on green days and outperform to the downside on red days.by Tealstreet112
$SOLLooking for a good entry for long position before short position active 🤔 Always dyor and use stop loss whatever your pisition.Longby B5678676678503113
$SOL is forming a symmetrical triangle pattern #SOL/USDT Solana is forming a symmetrical triangle pattern💁♂️ The price has recently rebounded off the $120 support zone, indicating bullish momentum📈 If CRYPTOCAP:SOL breaks above the $140 resistance, it could target the upper resistance at $210🎯 The overall trend is supported by higher lows and significant buying volume at support levels📝Longby CryptoSkullSignal2
Long trade 12.10pm Sat July 24 Entry 5min TF Observation RSI 63.87 RSI base MA 64.52 Regular Bearish Entry 141.6606 Profit level.150.4824 (6.23%) Stop level 140.0519 (1.14%) RR 5.47 BuysideLongby davidjulien369Updated 2
The decline of Solana is not yet complete.Based on the orders on Coinbase, the accumulation zone for Solana is between $80-$100, with possible future targets of around $1000. For those who follow Solana, this information might be useful. #solana #sol Shortby UnknownUnicorn285026111
SOLUSDT - Buy The Next DipSolana ends the move in wave 3 and goes into correction in wave 4 Longby DevilOfTradeUpdated 12