SOL is making H&SIn TF H4 SOL is making head and shoulder - expect to break out. However, BTC needs to make a higher high too.
SOLUST trade ideas
Is Solana poised for a reversal?Solana’s (SOL) price has faced notable volatility in recent weeks, struggling to overcome resistance at $160. After multiple failed attempts to breach this level, SOL experienced a significant 20% drawdown towards the end of August.
This decline has left many investors cautious, but recent shifts in behavior suggest a potential rebound. Key indicators now point to a possible resurgence in Solana’s price, raising optimism among traders and analysts.
A key factor in assessing Solana’s potential recovery is the recent negative turn in the funding rate. This metric, which tracks the cost of holding positions in the futuresmarket, often signals shifts in market sentiment.
Brian Quinlivan, Lead Analyst at Santiment, noted in an exclusive comment for BeInCrypto that the funding rate is turning negative. This indicates that the bearish sentiment may be reaching an extreme, which sets the stage for a rebound.
Furthermore, the Chaikin Money Flow (CMF) indicator, which measures the cumulative flow of money into and out of an asset, has established a notable pattern for SOL.
Currently, Solana’s price is trading at $132 after bouncing back from the support level of $126. For SOL to resume its upward trajectory, it must break through the local resistance at $137.
Achieving this would pave the way for a push towards the $160 mark. Historical data shows that Solana has experienced similar consolidation phases between $126 and $160, suggesting a rise to this level could be next.
The factors supporting this forecast are substantial, given that in the past, SOL around $126 has led to subsequent price increases. If SOL maintains its gradual upward momentum, the range-tested level of $137 could act as a springboard for further gains, making a rise to $160 possible.
SOL LONG TRADE IDEASol/Usdt has done MSS and turned into bullish after breaking bearish structure. As Market structure turned into bullish so we will look for longs. For taking entries most important factor is order block with fvg and also SSL above order block. And this OB+FVG+SSL combination has been marked onto the chart.
Long Setup on SOLUSDT / Setup SettingBINANCE:SOLUSDT
COINBASE:SOLUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.001276
142.00
144.20
147.14
150.3
154.19
🔴SL:
125.42
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
SOL rotation
We reached a resistance level and a sign of weakness is being presented. Why not short it?
rotation rotation rotation. I love rotation.
At end of take profit is a possible long for a swing swing swwiiing trade
Sol will be under $130 arround 9PM EST tonightFundamentals are bearish if any unconditional activity would not appear like today.
Solana will be back under $130 after day off sell pressure.
DYOR.
NFA
Regards
Muhammad A.
SOLUSDTI’m considering a potential purchase of Solana on a spot wallet from an area of interest on a smaller timeframe, where an accumulation phase is occurring. After that, I expect a short-term price decrease from the 153-156 level towards the liquidity at the swing low. Then, from the area of interest on the 12-hour timeframe and the order block on the 4-hour timeframe, I anticipate further price increase toward targets like the OTE level and unfilled imbalances.
#SOL/USDT breaks the Diagonal Trenldine in 1-Hour TF!#SOL/USDT breaks the Diagonal Trenldine in 1-Hour TF!
Wait for a successful retest to long some $SOL. #SOLUSDT took the PWL liquidity. The local resistance level is PDH $134.4.
SOL longSOL broke trough off the upper boundary of descending channel. Asset broke trough off the resistance level. Bullish movement to resistance level at 142.6 is expected to happen.
BTCUSDT & SOLUSDT, Wed 04 Sep, Short Scenario!!If the price reach to FVG,
Shall we have to get short?
what do u think?
Solana's outperforming, but why is its price crashing?With a 19.14% drop last week, the price for the downtrend continues for Solana this week, with a 5.47% fall last night and breaking below the $130 mark. Further, the recent double-top reversal breaks the neckline at $138 near the 200-day EMA, and the SOL price tests the bottom support zone at $121.
The demand zone at $121 has provided multiple bounce-backs for Solana since the start of 2024. However, the recent double-top reversal warns of a breakdown rally.
Currently, the SOL price is trading at $127 with a Doji intraday candle following the bearish engulfing candle last night. With the long-tail formation, the underlying demand can result in a new bull cycle.
In case of a bearish breakdown, the neck support level is at the $110 low and the $100 psychological mark. However, a broader market impact can result in a new low formation at the $85-$80 demand zone.
On the flip side, based on the Fibonacci levels, a double-bottom reversal from $120 can find resistance at the 23.60% level at $140. A move above $140 can hint at an extended recovery for Solana.
SOLUSDT, Wed 4 Sep, Road Map!what happened yesterday
- The price hit Monday's highs.
- And on two occasions (morning and afternoon), there was an opportunity to get shorts.
- Today's "Low" was formed by hitting "Low" yesterday and Monday.
- The price is towards reaching yesterday's "high".
- If the price is rejected from yesterday's high, I will wait again to take a short position.
#SOL Swing plan to start accumulation from 100$, bids are layered in lets see what we get next month
SOLUSDTWe are in a neutral trend in a very novel range. According to the analysis, we can take a long risk management at these points.
SOLUSDTWe are in a neutral trend in a very novel range. According to the analysis, we can take a long risk management at these points.
SOL in a TRCRYPTOCAP:SOL is in a range channel and now it is the bottom of the channel
Do you think it can go higher?
SOLANA (SOLUSD) 170% Profit - Price from $154 to $127SOLANA (SOLUSDT)
Short entry at $124 on 27 August, 2024
Profit target 4 reached on 4 Sep, 2024
At 10x lev, the total profit is 170%
The trailing stoploss for this trade is at $145, so if you are in profit, you can sell 50% and hold your short trade by setting the trailing stop loss at $145
Good luck and all the best.
Namaste!
IAMFinbot HK Stock Robotics ResearchSOLUSDT will fall to $110BINANCE:SOLUSDT
IAMFinbot HK Stock Robotics Research SOLUSDT will fall to $48,000
SOL Price Update & Analysis in a Daily Timeframe.Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
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Now, let’s dive into this chart analysis:
From our previous analysis, SOL failed to hold the 21 EMA support and the primary support at $150-$155. The price dropped by 15.5% and is currently holding at the support trendline of $130.
SOL has strong support ranging between $120-$130, and it must hold this level to sustain and rebound back to the upper resistance trendline. A failure to hold this support will be concerning and a red alert for traders.
Key levels:
- Crucial Support/Accumulation: $120-$130.
- Primary Resistance: 35 EMA at $146.
- Target: $176-$180.
- RSI: Bullish Divergence Formation.
DYOR, NFA.
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#PEACE
Solusdt trading opportunityWe observed that a bullish formation for Solana has just been broken, which we believe will fuel the next major rally for the coin. This breakout signals a potential shift in market sentiment towards a bullish trend.
The designated buy-back zone presents a strategic buying opportunity, as it is identified based on recent price action and support levels, offering a lower-risk entry point.
This setup suggests that we could benefit from the anticipated upward movement while minimizing downside exposure.
SOL - 100$ or 80$, what is next?SOL has been defending this huge support around ~120$ for several months now but I'm afraid we are going to see a drop below this area very soon. The price action of the last few weeks clearly have the characteristics of a SHS pattern, with the head located around 184-190$. So this would give us a target of ~80$ but really not sure if it's going to drop that low.
However, pretty sure we are going to see at least 100$ getting tested, there is just too much liquidity resting below 120$ (triggered stops and liquidations that is), so it could drop to 100$ and see a quick recovery above 120$. From there I won't dare to predict what could happen next.
So, if we see SOL approaching the green zone again and not see a big bounce but rather see momentum slowing down, it's just a matter of time until it's going to drop IMO.
Timing this can be difficult, especially if you want to short this (which I would NOT recommend). Better play would be to wait for a long entry around 100$ on low leverage and build your position throughout a possible bottom formation and add on a clean break and retest of 120$.
Stay safe!
Solana Trade Idea using golden pocket- ENTRY:
HTF Support + 0.62 Fib @ $130.04
- EXIT/TP1:
FVG + RANGE MIDPOINT + 0.705 Fib @ $150
TP2 Even Highs @ $162.46
- SL:
Just under the 0.79 Fib @ $119.83
SL --> BE @ $141.39 S/R level
Lingrid | SOLUSDT breakout-PULLBACK-Continuation tradeThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:SOLUSDT has been ranging between the 140 and 160 levels, but it has recently broken and closed below this range. This indicates a shift in market dynamics. I believe the market is now heading to retest the area where we observed a bullish impulse leg previously. The break below the upward trendline suggests that the price has entered a consolidating phase, which was signaled by the price being above the trendline and showing bullish momentum. Given this context, I expect the market to push a little further down towards a key round number, which could act as a psychological level of support. My target is support level at 120
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
