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SOLUSD trade ideas

SOL - Falling Wedge BreakoutPlease Refer to our previous post: After we broke the previous high on the line chart we drew a yellow line at $202 and said long any retests of this line. On the altcoin flash crash, SOL perfectly retested our yellow line and is up almost 15% from the retest! Now we can see price has been squeezing in between a falling wedge pattern. Right now SOL is testing the top of the trendline. If we can start seeing 12H candles close above this top line, SOL will have broken out and will be visiting new all time highs.
COINBASE:SOLUSD
by VIAQUANT
Solana on the Verge of a Bullish Reversal: Price Targets SetSolana (SOL) is showing strong signs of a potential recovery after a significant selloff, with key technical indicators pointing to a possible upward reversal. The Relative Strength Index (RSI) is currently in oversold territory below 30, a classic signal of an impending price rebound. This suggests that Solana is due for a bullish correction. MACD is showing a bullish crossover, with the MACD line crossing above the signal line, indicating increasing upward momentum. After a dramatic price decline, Solana has started to climb, signaling that buyers are stepping back in. This price action supports the potential for further upward movement. Analysts are optimistic about Solana’s future, with several forecasts predicting a move toward $250–$300 in the next few months, assuming the current bullish momentum holds. Increased institutional interest and Solana’s growing presence on major platforms like Robinhood are contributing to a positive outlook as well. Take Profit Levels: $210: This is the first key resistance level. If Solana breaks and holds above this level, it would confirm the start of a stronger uptrend. $260: The next major target is $260. If Solana continues its bullish trajectory, this level is likely to be tested.
COINBASE:SOLUSDLong
by ValchevFinance
SOL/USD "SOLANA" Crypto Market Heist Plan on Bearish Side🌟Ola! Bonjour! Hi! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the SOL/USD "SOLANA" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📉 : You can enter a trade anywhere, however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retreat. Stop Loss 🛑: Using the 2H period, the recent / nearest high level. Goal 🎯: 192.00 Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
BINANCE:SOLUSDShort
by Thief_Trader
SOLANA // target reached, what now?The market has come all the way down to the weekly breakout and the correction fibo 78.6 with an impulse. After such a fast impulse bumps into a strong support, chances are high that some kind of a correction of the impulse will come. It doesn't mean, it turns from here, and goes to new highs, though! The daily countertrend breaks above the daily impulse base (higher green level), but the countertrend line breaks at the daily breakdown (lower green level). Above that, if the waves support, the bull trend resumes. Below the long trigger zone, every move up is only the correction of the correction, therefore, quite risky. There is space to take the long side from here, though, so It may be a good opportunity for a good day trader. I'd definitely wait for H4/H1 to turn waves long. The price may go to the weekly impulse base, but I would wait with the short until the market is trading below the weekly breakout. The reason is that at this phase, accumulation may kick in, with sudden ups and downs on the market. What's is your opinion about this market? Fell free to share it! ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
COINBASE:SOLUSD
by TheMarketFlow
Roadmap for -60% in Crypto Alts The other day I posted the confluence of resistance patterns in alts. They are now down 10 - 25% depending how much of a gamble the bet was (My idea is if the price starts 0.00000 then there are numbers, this is probably a gamble). Let's now map the typical downside break path. We're going to use the norms of breaks of 1.27 - 1.61 zone. 2.20 - 2.61 zone and a final target of 4.23. These are typical things I see in trend development (be it bull or bear). All updates to:
COINBASE:SOLUSDShort
by holeyprofit
Norms of a butterfly reversal SOL has a big pending butterfly reversal. Here's the typical things we see if and when there is a butterfly reversal. The first drop is usually consistent until it takes out the low of C. This is a breaking of the uptrend but it will usually setup a bull trap. There will be a parabolic bounce. Some chop. Second parabolic and then reversals typically come around a 76 retracement of the drop. If a follow through leg comes off this, it's typically very strong.
COINBASE:SOLUSDShort
by holeyprofit
1
SOLANA BUY SOLANA Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and crypto projects. It aims to provide fast, secure, and scalable solutions for developers and users. Here's a quick overview of its key features and characteristics: --- ### **Key Features of Solana** 1. **High Speed:** Solana can process over 65,000 transactions per second (TPS) due to its innovative Proof of History (PoH) mechanism combined with Proof of Stake (PoS). 2. **Low Fees:** Transactions on the Solana network are inexpensive, often costing a fraction of a cent. 3. **Scalability:** Unlike many blockchains, Solana scales without relying on Layer-2 solutions. Its architecture is designed to grow with increasing network demand. 4. **Proof of History (PoH):** This is a unique innovation by Solana, which timestamps transactions to create a historical record, enhancing throughput and reducing confirmation times. 5. **Ecosystem:** Solana supports a wide range of dApps, DeFi projects, and NFT marketplaces, such as Serum (a decentralized exchange) and Magic Eden (an NFT marketplace). 6. **Developer-Friendly:** With support for programming languages like Rust and C, Solana makes it easier for developers to create robust applications. --- ### **SOL Token** - **Utility:** The SOL token is used for transaction fees, staking, and governance. - **Staking:** Holders can stake their SOL tokens to secure the network and earn rewards. - **Market Performance:** SOL is traded on major exchanges and is one of the top cryptocurrencies by market capitalization. --- ### **Advantages** - Extremely fast and efficient compared to older blockchains like Bitcoin and Ethereum. - Robust ecosystem with projects ranging from DeFi to gaming. - Supported by significant venture capital and partnerships. ### **Challenges** - **Centralization Concerns:** A relatively small number of validators compared to Ethereum. - **Network Outages:** In its early days, the network experienced periodic outages during high-demand periods. - **Competition:** Faces strong competition from other blockchain platforms like Ethereum, Binance Smart Chain, and Avalanche. --- Would you like more details about Solana's technology, investment potential, or specific projects in its ecosystem?
COINBASE:SOLUSDLong
by Hk808