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SOLUST trade ideas

Solana's Bull Run: Breaking Barriers and Setting New HeightsSolana (SOL) has been one of the standout performers in the cryptocurrency market, showcasing a robust bull trend. Recently, SOL has demonstrated significant strength, breaking past resistance levels and setting new price targets. Let's delve into the latest market movements and what they signify for the future of Solana. Recent Market Performance Solana has been on an impressive upward trajectory, with the price breaking the key resistance level at $150 and pushing towards $160. After this breakthrough, SOL retested the $150 level, which held firm, providing a strong foundation for further upward movement. Currently, SOL is continuing its ascent, eyeing the $175 price point. Key Market Movements Breaking Resistance: The price breaking above the $150 resistance level was a significant milestone. This move indicated strong buying pressure and marked the continuation of the bull trend. Retest and Validation: The retest of the $150 level, which acted as a new support, confirmed the strength of this price point. The successful retest reinforced investor confidence, setting the stage for further gains. Upward Momentum: Following the retest, SOL's price has been moving steadily towards the $175 level. This indicates sustained buying interest and a positive market sentiment. Technical Analysis Several technical indicators support the bullish outlook for Solana: Market Structure: Although the overall market structure shows signs of being broken, the structural low remains intact. This indicates that while there may be minor fluctuations, the overall trend remains upward. Moving Averages: The short-term moving averages are trending above the long-term averages, confirming the bullish trend. Volume Trends: Increasing trading volume alongside rising prices suggests strong buying momentum, further supporting the bullish case. Fundamental Strength Solana's recent price action is backed by strong fundamentals, making it a compelling choice for investors: Technological Advancements: Solana’s high-performance blockchain, capable of processing thousands of transactions per second, continues to attract developers and projects. Growing Ecosystem: The expansion of Solana’s ecosystem, with numerous DeFi projects, NFTs, and decentralized applications (dApps), is driving demand for SOL. Community and Partnerships: Solana’s active community and strategic partnerships are enhancing its visibility and adoption. Future Outlook The current bullish trend in Solana suggests that the price could continue its upward trajectory, potentially reaching and surpassing the $175 level. Investors should keep an eye on key support and resistance levels, as well as any changes in trading volume, to gauge the strength of the ongoing trend.
Long
by TheLastLuftwaffe
SOL 1DAY CUP AND HANDLE PATTERNIn this case, I am seeing a cup and handle pattern on a 1-day timeframe and I anticipate a breakdown followed by bullish movement, might be suggesting that the price is currently forming the handle part of the pattern. If the price breaks down from the handle but then reverses and breaks out above the handle's resistance level, this could confirm the pattern and signal a bullish continuation. Always consider using other technical indicators and risk management strategies alongside pattern recognition to make informed trading decisions. Patterns like cup and handle provide a framework for understanding potential price movements, but they should not be relied upon in isolation.
by mercigarcia0019
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
SOL (Solana): Descending TriangleTrade setup : Price has regained 200-day moving average, which is a sign of long-term Uptrend. Swing Traders: we would be buyers on pullbacks near $125-$135 support, which could be an attractive swing trend entry, with +30% upside to $160. Stop Loss (SL) level at $110. Trend Traders: wait for a breakout from Descending Triangle, ideally above $160 resistance, which could be followed by an upswing to $200. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00.
Long
by altFINS
SOLUSDT, Tue 16 Jul, I was Wrong!I have been wrong for the past few weeks. My price range should be between 210 and 112. That's why I couldn't see the discount and premium area properly in the chart. And I was constantly looking for short positions. I considered the price range from week to week, in other words, only the 7-day price range, and this mistake made my point of view only a short position. This is what I learned from the losses of the past few weeks: - Below the price of 161, I am in the discount area and I should have been looking for a long position. - When the price enters the premium area, I should look for swings "high" in the daily time frames. in areas between 62% and 78% Fibo. I marked these points in the chart from 1 to 3 in red. I also identified a black dot, but I have doubts about it. - Maybe in the premium area, if the price crosses these points indicated in the chart, a short position can be taken. It should be noted that the above content is my opinion and analysis of price action and market movement prediction and it could be wrong. The above content is not an offer to buy or sell or trade and is only an educational aspect to understand more about ICT concepts. I will welcome the opinions of friends in this regard. 20:22
Long
by kevin13433
SOLANA - SOLUSDT 3 clear Bullish patterns! Dear Friends, I’m excited to share a simple analysis of SOLANA with you once again. At first glance, the whole chart looks bullish to me, and here’s why: 1. Bullish Descending Broadening Wedge Pattern 2. Bullish W Pattern 3. Triangle in an Uptrend = Bullish Target: 260 / 1400 USDT. There's also a head and shoulders pattern visible, which in my opinion will not work out. When a head and shoulders pattern fails, it can act like a rocket, with prices shooting off in the opposite direction. This can often be more profitable than trading the classic head and shoulders pattern. While the head and shoulders pattern might tempt some to go short, remember that Solana is a top-tier coin. We’re currently in a bullish phase of the market, which aligns with Bitcoin’s halving cycles. So, please be cautious about going short in this market phase and be extremely careful with futures for the risk of liquidation. Spot trading is safer and in case of a manipulated spike you still have your coins! Happy trading and good luck! Disclaimer: This is my personal view, not advice to buy or sell. Always do your own research! **** For private /custom analysis, contact me ****
by PegasusTechCharts
2
SOLUSDT, Mon 15 Jul,(part 1)I didn't perform well last week because the weekly candle was bullish and I didn't recognize it well. And I was looking for the shorts position. I am not sure, but I see the upcoming weekly candle as bullish. but - If the price does not exceed 154, - Considering that 4 consecutive days have passed, I saw a green candle - The upward movement of the price from the beginning of today and the downward movement from 3 am, I expect a short position again. Wish Low-Loss trade! Mon 15 Jul - 9: 34
Short
by kevin13433
1
What is next for SOL?Hello everyone, CRYPTOCAP:SOL has been one of the best-performing altcoins up to today. According to the chart, what can we expect for CRYPTOCAP:SOL in the coming weeks? Firstly, CRYPTOCAP:SOL is forming two patterns: a double bottom and a descending triangle, with a potential target hitting the previous all-time high (ATH) at $260. After breaking the ATH, you can hold your CRYPTOCAP:SOL until $457-$521, which could become the new ATH this bull market. However, in a bull market, it's unpredictable, so if CRYPTOCAP:SOL trades successfully above $521, it could potentially make a historical run towards $3800-$4366. CRYPTOCAP:SOL is one of the altcoins that you should definitely keep in your wallet. The resistances on the way after the ATH are: $328 $393 $457 $521 as a final target Feel free to ask about anything. Have a nice day.
Long
by TANcrypt0
3
SOLUSDT Key Resistance Breached – What’s Next? Yello, Paradisers! Did you catch our recent prediction about #SOLUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy. 💎#SOLANA has successfully broken above the resistance zone at $140.78 and faced rejection from the internal supply at $151.18. Currently, the price is in a retesting phase. If #SOL holds this support level at $140.78 and maintains its momentum, there's a high probability of a bullish ride towards the next resistance zone. Interestingly, the price is sustaining a strong position above multiple EMAs, further strengthening the bullish scenario. 💎Should #SOL break above $151.18, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $134.77. 💎Staying vigilant is crucial. Keep a close eye on #SOL price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
4 conditions for profitable trading👀Be sure to read the description on the FIG Thank you for supporting me❤️❤️ ✅If you have seen these 4 items, you can have a profitable trade 1️⃣ Let's have a trend. No side 2️⃣ Find a price pattern that is forming (before confirmation). 3️⃣ Let the price hit a key support or resistance 4️⃣ If you see a price pattern in the lower time-frame on the key level, trade after seeing the confirmation. 🔰In this case, you can get the targets from the bigger pattern
Education
by Eldorado_Land
1