Correction Is Finished For Solana SOL, $300+ Is NextHello, Skyrexians!
Today it's time to observe BINANCE:SOLUSDT the most overbought crypto of 2024. Today we will not try to guess where is going to be top and bottom, look at the local picture instead because in the short term it's about to show the significant growth.
Let's take a look at 12h time frame. We can mark the previous impulse with the green. Decrease from the top can be counted as a correction because of its ABC Elliott waves structure. Now the Bullish/Bearish Reversal Bar Indicator can print the bullish green dot which inside the Fibonacci support level can be the strong reversal sign. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . If reversal will be confirmed, the next target is somewhere above $300. When price will reach it we make an update.
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SOLUST trade ideas
SOL Negatif week!When looking at the league map, the long and short level range is between 164.5 and 212 as seen in the 7-day period. If the shorts reach the 212 level, the left 804.65M, if the longs reach the 164.5 level, the left 360M liquidation will occur. The data coming on Wednesday seems to clarify the situation. I would be happy if you comment.
Solana 300 Days Sideways; Bullish Or Bearish?Bullish!
Notice the sideways channel. Easy to see the fact that the upper boundary has been violated. It is also easy to see that SOLUSDT is trading above the middle section of the channel. Bullish—bullish.
Solana is trading daily above MA200. Super-bullish.
MA200 matches the 0.618 Fib. extension level for the current bullish wave. Also-bullish.
300 days going sideways is good news. This is a positive development.
Preceding a major advance, a consolidation period is needed, necessary and required. Solana is meeting this requirement nicely as it has been sideways for ten months with a bullish bias. The bias is bullish because the action is happening near resistance rather than close to support. Bullish-bullish.
No need to scream, no need to cry no need to be surprised. There is no need to be surprised if Solana starts trading above $300 in a matter of months.
No surprises is Solana goes above $400 before or near to May.
No surprises here, all growth is welcomed.
We want the market to grow and we are ready to grow.
We are ready with spot positions and even a leveraged trade.
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SOL LONG TERM SUPPORT LOSS PROBABLY TEMPORARY AS TRUMP 2ND TERM SOL is forming a bear flag, typical market breakdown pattern, probably down before up, uncertainty over trump and lack of rate reductions in Q1 and Q2 followed by falling interest in memecoins signalling SOL bull market probably over for now, the blue line is probably a tad optimistic if Trump gets off to a bearish start, hoping for bullish by march.
SOLANA POTENTIAL DROP AWAITS US THE structure of solana will continue to drop until we retest the weekly broken supply roof as our new demand floor for another upswing of potential buy gains in price
the structure points at take profit for early buyers , don't be quick to go long ,wait for retest of the broken supply roof on weekly and factors the wicks for liquidity grabs.
SOL's Support and Resistance Levels
FVG's filled (touched) on both the 4H and Daily, which also corresponds with the 0.382 Fib level on the daily. A strong support level. Next stop for SOL is to break those lower highs it's been posting and get back back into the game. Nice buy at this level with take profits at each Fib level for me.
We could see that FVG/Fib level be retested on a few more bars unless market sentiment shifts.
A great volume pattern for long in SOL!
1. The price got a reaction from the lower boundary of the range.
2. On the OBV chart, you can see a typical volume absorption of market sales, which is an unambiguous point for entering long
EXPECTATIONS: a smooth hike to 197.4 USD and a slight correction or consolidation with a subsequent movement to the upper limit of the range - 221.15 USD.
After the price breaks above $221.15, I expect ATH to update!
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SOL 30min 6jan Volume Profile - short term tradeThe SOL/USDT 30-minute chart shows price consolidating around $219, after a breakout from a previous accumulation zone near $211.52 ("March highs"). A potential pullback to the Fibonacci 0.618–0.786 retracement levels ($215.50–$217) could provide a strong buy zone before a bullish continuation to higher resistance levels near $230. Volume analysis suggests strong buyer interest at the breakout, but a reset is likely to test support levels before further upward momentum.
Volume Profile (Left Side of the Chart):
The Volume Profile indicates a high level of trading activity at $211–$213, showing this as a key support zone where buyers previously accumulated.
Breakout volume near $219 suggests strong bullish momentum, but diminishing volume at current levels signals potential exhaustion and a short-term pullback.
Current Price ($219): Acting as a resistance zone after the recent breakout. Sustained consolidation above this level would confirm bullish continuation.
Fibonacci Levels ($215.50–$217):
0.618 retracement ($215.50) and 0.786 retracement ($217) align with potential pullback zones.
These levels are likely areas where buyers will re-enter for a continuation move upward.
Support at $211.52 (March Highs): A strong support level below the Fibonacci levels, which aligns with the previous consolidation area and volume cluster.
Resistance near $230: The next upside target if bullish momentum continues.
SOLUSDT: Tough Spot, But Opportunity Awaits!SOLUSDT: Tough Spot, But Opportunity Awaits! 🧐
Right now, the market conditions make it tricky:
Too low to short, yet too high to long.
Solution: If the price reaches the blue box, it’s a strong zone to consider taking a long position.
Always confirm with your favorite tools like CDV, volume profiles, and LTF structure breaks before diving in.
The patient win the race! Boost, comment, and follow for elite-level strategies! 🚀
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Want to know how I use heatmaps, cumulative volume delta, and volume footprint techniques to find demand zones with precision? I’m happy to share—just send me a message. No cost, no catch. I believe in helping people make smarter decisions.
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SOL Long OpportunityMarket Context:
SOL is experiencing a retracement alongside the broader market, approaching a key support zone that offers a strategic entry for a long spot trade.
Trade Details:
Entry Zone: Between $160 – $170
Take Profit Targets:
$200 – $220
$260 – $280
Stop Loss: Just below $138
This trade leverages SOL's pullback to a critical support area with strong upside potential for continuation. 📈
80% Profit on SOL Long The Gains Keep Coming !Whopping 80% (20x Lev) Profit From SOL Long ! 🚀💰 I hope everyone enjoyed the massive gains I delivered Make sure to follow for more profitable calls and share this with your network. Let’s keep winning together the best is yet to come! Whoever is not following us is really missing a ton of profits for sure
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