SOL up to 300$I hope you are ready for a $300 flight before the new year. I would expect a hike to the 1.618 level and a powerful breakout soon.
SOLUSDT trade ideas
#SOL reaches the target zone📊#SOL reaches the target zone ✔️
🧠From a structural perspective, the goals of the bullish head and shoulders structure we built in the support zone have been fully achieved, so we need to be vigilant about the possibility of a pullback, so it is very reasonable to lock in most of the profits or close the position.
➡️The next resistance zone worthy of our attention is 209.211, and the support zone is 179-185
Let's see👀
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BITGET:SOLUSDT.P
SOLUSDT.1DThe daily chart of Solana (SOL) against Tether (USDT) provides insights into the current price dynamics and potential future movements based on technical indicators and chart patterns.
Price Action and Trend:
Solana's price has been experiencing a downward trend, as indicated by the descending trendline. The recent price action has attempted to recover but faces resistance along this trendline.
Key Technical Levels:
Resistance Levels (R1, R2):
R1: $156.58 - Short-term resistance where the price may encounter selling pressure.
R2: $262.33 - A more significant resistance level that could cap further advances in the medium term.
Support Level (S1):
S1: $120.00 - A crucial support area that has historically seen strong buying interest.
Technical Indicators:
MACD: The MACD line is below the signal line, suggesting bearish momentum. However, the histogram shows diminishing negative momentum, which could indicate a potential reversal or slowdown in selling pressure.
RSI: The RSI is around 43, suggesting that the asset is neither overbought nor oversold, providing room for both upward or downward movement depending on market conditions.
Volume and Market Sentiment:
The trading volume appears subdued, which typically indicates a lack of strong conviction among traders, thus potentially leading to price consolidation before the next significant move.
Conclusion and Forecast:
The outlook for SOL/USDT shows potential for a short-term recovery if it successfully breaks and holds above the descending trendline. However, traders should be cautious of resistance at R1 and R2, where previous rallies have faltered.
Trading Strategy:
Bullish Scenario: A confirmed break above the descending trendline and R1 could open the path towards R2. Traders might consider long positions on successful retests of these broken resistance levels as new support, using appropriate risk management techniques.
Bearish Scenario: If Solana fails to sustain above the trendline, and particularly if it breaks below S1, it may signal a continuation of the bearish trend. Short positions could be considered in this scenario, targeting the next support level.
Summary:
This analysis of SOL/USDT suggests that while the market is currently in a bearish phase, there is potential for upside correction. Monitoring key resistance and support levels, along with indicators like MACD and RSI, will be crucial for timely decision-making in trading this pair.
SOLANA extdended! Whats next?As mentioned earlier ditto happened and retraced back to the red line, breaking below 197 would drag it to 181.
ITs Shortin time!
SOLANA ON POTENTIAL MAKE OR BREAK 203.18 LITMUS TEST ON WEEKLYSOLANA after breakout from chart pattern found support/demand floor at 174.31with a potential swing to test 203.18 litmus test sell zone .
if weekly candle break and close above this level go long on Solana with target at 276k-280 and above based on risk appetite.
on a flip side if weekly candle close below 203.18 sell ,because the weekly candle already broke demand floor and buyers cant keep up on upswing .
its best to follow layer by layer.
SolanausdtCrypto always gives second chances
259 is the same target as was before
Albeit itll probably break out next time :)
January???
This is the retest opportunity if you missed the initial pump
Retesting monster falling wedge here...
The Two Archetypes of TradersIn the trading world, markets move in cycles, and bearish conditions are no exception. Here's an educational breakdown of how traders can navigate these challenging times:
1. The Long-Term Holders (Investors)
Mindset: Patience is their superpower.
Goal: Accumulate assets during bearish trends by buying at key support levels and holding for future gains.
Approach: Use the WiseOwl Indicator to identify areas of strong support and potential accumulation zones for strategic entries.
2. The Intraday Traders (Short-Term)
Mindset: Adaptability and precision are crucial.
Goal: Profit from short-term price movements, capitalizing on market volatility.
Approach: Utilize the WiseOwl Indicator to pinpoint bearish momentum for short entries and clear exit levels, ensuring optimal risk management.
Educational Example: WiseOwl Strategy in Action
Let’s analyze Solana (SOL) on the 15-minute timeframe during a bearish market:
Trend Identification: The WiseOwl Indicator highlights a confirmed downtrend with clear bearish signals.
Entry Points: Short trade signals are generated at moments of significant bearish momentum.
Risk Management: Stop loss and take profit levels, calculated using ATR-based logic, ensure disciplined trading.
Takeaways for Traders
📉 Bearish Markets:
Holders focus on identifying value areas for accumulation.
Intraday traders capitalize on market volatility with precise entries and exits.
Happy trading! 🚀
#WiseOwlIndicator #TradingEducation #BearMarket #SOLAnalysis #CryptoTrading
SOL High Selling Pressure ...Wait For PullBack For ShortSOL High Selling Pressure ...Wait For PullBack For Short..
When should we go long on Sol? It is likely to experience a pullback in Sol when BTC reaches 3355. Once BTC starts to drop from 3355, Sol will move upwards. This will be a chance to open a short position, and for those who have long positions, it will be time to close them.
BTCD Chart Attached..
For Timely Updates DM US ..
My Solana Outlook entering 2025
3D - so we are tapping this bull div once more, you know solana, we are still going up, bears seem to be on the decline, approaching the weekend, watch for that, 55 holding as support could give us a lil bounce as it currently is, lets see, make sure to wait for local div on the rsi
DAILY - bull div invalidated, so we wait for another bullish divergence to take us up, so expect volatility over the next 2 weeks, pump then dump then pumpola i believe
Actual Solana Cycle!!Here we have the possible current count for Solana. The main structure suggests an end of the structure above $302, but the substructure of wave 5 indicates an extension up to $345. Currently, it is in good zones to consider buying by doing DCA (Dollar-Cost Averaging) down to $178, which would be the next correction zone if BTC experiences a significant pullback in the coming weeks!
SOL4th wave is nearing completion as C wave looks like it's printing an ending diagonal. Or we go up now for a C wave then reject back down again to create new low.
SOL 1D. Solana Ready for New Highs. 12/18/24Currently, the price has formed a "descending parallel channel" and is moving within its boundaries.
I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high.
Trade Plan:
EP (Entry Point): $202 - $196
TP (Take Profit): $240 - $260
SL (Stop Loss): $184 - $182
Personal Approach:
I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this!
What you should do is entirely up to you.
DYOR.
#SOL: Powering High-Speed Blockchain InnovationDescription:
This trading idea focuses on SOL, the native token of the Solana blockchain, renowned for its high-speed and low-cost transactions. SOL powers a next-generation blockchain designed to scale decentralized applications (dApps) with unmatched efficiency, processing thousands of transactions per second. Solana has gained substantial adoption across DeFi, NFTs, and gaming sectors, solidifying its position as a key player in the crypto ecosystem. Its ability to deliver performance, scalability, and low fees makes it attractive for developers and users alike, driving long-term growth potential.
However, investors should be cautious, as the cryptocurrency market is highly volatile and influenced by macroeconomic trends, regulatory developments, and technological changes. While Solana shows strong fundamentals, trading SOL requires a well-considered strategy and risk management.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like SOL carries significant risk, including the possibility of losing your entire investment. Always perform your own research, evaluate your financial situation, and consult a professional advisor before making any investment decisions. Past performance is not indicative of future results.
SOL is Bullish as Feverything is clear that we will see ATH soon.
As you can see, we are in the top of bear channel. If just one candle closes above black line, you will see how Solana fly to the moon.
SOL +25?The chart shows the formation of a key support level in the $210-220 range, indicating a potential reversal zone. The current structure resembles a descending wedge — a bullish pattern that often signals a potential breakout upwards. Target growth zone: $260+ (potential increase of ~25%). If the price holds above the green zone, a breakout and upward movement can be expected.
Bull-flag_pattern_2nd-confluence_to_340So the last deep retracement to 202.78, was inside the Golden zone on the H4 timeframe
this was of sorts also the confirmation of the lower end of the bull flag, as the H4 candle body closed inside the channel border.
this was a text book bounce from inside the golden-zone (50-61fib), and if one fib's the zone, the wick, was a perfect rejection off the 61fib
lastly, the channel seems true, as the 13th Dec wick, was again a perfect rejection off the channel ADR (middle line)
SOLUSD With a Bounce on Fib LevelsSolana (SOL/USD) rebounding from the 0.5 Fibonacci retracement level suggests bullish momentum. Enter long positions targeting key resistance levels, with stop-loss below recent support for risk management.
Don't forget to Trade with what you can afford to Loss..
SOL / USDT :approaching trendline resistance, expecting breakoutSOL/USDT is nearing a critical trendline resistance level. The price has been consolidating recently, setting the stage for a potential breakout. If the price successfully breaks above this resistance, it could trigger a significant bullish move.
Key Points:
* Trendline Resistance: SOL/USDT is approaching a key resistance level that has previously halted upward momentum.
* Volume Surge: A significant increase in trading volume during the breakout would confirm strong buying interest.
* Momentum Indicators: Positive trends in momentum indicators like RSI and MACD suggest bullish potential.
Confirming the Breakout:
* Clear Candle Close: A decisive 4-hour or daily candle close above the trendline is crucial.
* Volume Spike: A surge in trading volume during the breakout indicates strong buying pressure.
* Retest of Resistance: A retest of the broken resistance level as support strengthens the bullish case.
Risk Management:
* Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
* Position Sizing: Adjust position size to align with your risk tolerance and overall trading strategy.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
SOL 6H. Solana Heading to $400 in the Medium Term. 12/12/24The asset price is currently stabilizing within the $222-$204 range, which could serve as a critical support zone. Support is the level where the price tends to bounce back as buyers step in aggressively, holding the price at this level.
In the short term, I’m considering a buy position targeting $260, which marks the upper boundary of the current range. For me, this is strictly a near-term goal. In the medium term, I anticipate Solana trading between $300 and $400.
To put it clearly and concisely: I expect further growth for #SOL and do not foresee the price dropping below $204.
DYOR.
SOL Mid-term IdeaSol has a possibility of retesting my support trendline between $160-175. I would aim for that confluence to buy spot or long it from there.
