SOLUSDT.P trade ideas
SOLANA Ascending Triangle 18 Oct24Hi
Solana long from 145-148 to 200.
Facts:
1..as we see at 4h chart solana has forming ascending triangle.
2..Yesterday 17 Oct. is testing the pivot point at 148$
3..at the same level 145-148 has all ready again & again liqud shorts and long positions.
4..the last peek of curve volume is at the peek 159$ that means bulls are stronger than bears.
5..at the moment we have a flag (14-18 oct)
Trade:
buy & hold at 153$ 50% of capital
buy another 50% of capital at 161$
stop 145$
Target1 177$
Target2 202$
Have fun!!
SolanaMY ANALYSIS
SOLANA - SOL/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 154.15 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 161.48 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 165.41 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 172.74 USDT. Beware of a possible return to under the support located at 154.15 USDT which would be the sign of a correction of the bullish excesses registered in the short term.
SOLUSDT.P / Perpetual / SHORTSOLUSDT pair may come down from the bearish order block.
SOLUSDT is positioned at a significant bearish order block between 156.92 and 153.98, which could indicate a potential downturn. Based on Smart Money Concepts (SMC) analysis, the price is currently testing this bearish order block, and we can anticipate that the sellers might begin to exert pressure on the market. There is a high probability that the price will reverse from this zone, as historical price action often respects these levels.
Given the current market structure, it is crucial to monitor how price reacts within this zone. The likelihood of a downward move increases as buyers struggle to push the price higher. As always, it's essential to manage risk and consider confirmation before entering a trade. Let's observe how this setup unfolds!
I suggest that :-
Entry price :- 153.98
Take Profit :- 149.15
Stop loss :- 158.81
"SOLUSDT Breaks Trendline, Targets $158"Based on the SOLUSDT chart, the price has broken above the descending trendline, signaling a potential bullish move. The price is currently testing the support zone around $152, with possible targets at $155.95 and $158.54.
Buy Strategy:
Entry: Consider buying around $152 - $153.
Take Profit: First target at $155.95, second target at $158.54.
Stop Loss: Below $149.66 to limit downside risk.
News factors such as improving market sentiment towards cryptocurrencies could further support this upward trend. Keep an eye on key economic data and market developments for confirmation.
SOLUSD_1Dhello
Solana digital currency analysis The formation of a top floor pattern that can be bought from this area, which is the main support of 145, and the short-term target is 161.50, and with the breaking of this number, we will enter a new rising wave that can move towards 218, which is Growth can be 35%.
SOL USDTmy trade idea..
smart money concept (SMC)
Entry - 139.11
140.83
Sl - 135.52
TP - 159.39
( always do your own research )
EDUCATIONAL PURPOSE ONLY
safe trade!!!
SOLana is getting ready for its next moveSOLana as long as it stays above the $149 Zero Line the the move is to the upside to go and complete its 4hrs Bullish Cycle at $163 - $165 area.
SOL LONG Price has finally retraced to strong demand zone between 146.7 and 148.1 . Found support in this area which coincides with 50% fib level so strong reversal potential.
Long from here to 1.618 fib at 170
Solana (SOL): Price Filled OB / Possible Move to CMESolana has filled an OB ob smaller timeframe and now is getting back to move below BoS zone which could start a further movement to lower zones filling bigger FVGs and CME gap as well!!
Our gameplan has not changes so we wait!!
Swallow Team
Solana (SOL/USDT) 4H – Bullish Pennant FormationOn the 4-hour chart, Solana is forming a bullish pennant, but we haven’t seen a breakout yet. Once we break through the pennant’s resistance, my target is the green zone, which could be a good area to take profit.
Strategy: I’m waiting for a confirmed breakout from the pennant and will be targeting the green zone for potential profit-taking.
SOLANA WILL NEVER UPDATE ATH AGAIN !?📣 Hello everyone! - I bring to your attention my very long-term view of the SOLANA coin exclusively from the point of view of TA, namely Elliott wave theory.
Brief explanations:
1️⃣ The pulse five of the secondary wave level ended in November 2021, marking ATH at $259.90, and (1) of the primary wave level is already on my chart there.
2. After a very powerful bullish impulse, a long-term correction began, and judging by the fact that the impulse five has already passed in wave-a, which ended at the level of wave-4 triangles, I assume that at least we can count on the ABC zigzag, the ultimate goal for which is the 618th fiba - 8$ for a coin
3 . Looking ahead, I am inclined to believe that there will most likely be a double zigzag WXY for 5 years, and the final goal of the correction wave (2) of the primary wave level is $ 3 per coin. In this case, in the future bull market, SOLANA will not update its ATH of $ 259.90, and we will only see a good pullback in wave-X, and after the bull market ends, the coin will go in search of its next bottom.
It will be possible to speak more specifically about the confirmation or refutation of this wave marking only after wave-b of the first zigzag has passed and the goal in wave-c at level 8 has been achieved.
Why Solana may NEVER update ATH 259.90$ again? - Everything is very simple here, the pulse wave (3) of the primary level may simply not start, and the reasons here will be fundamental - the project will simply be dead and no one else is interested, this is the death of the instrument and many coins are waiting for it, not only SOLANA. If the project is really alive and developing, after such a long bear market, it is likely that we will see the start of wave (3) of the primary level and new price records.
🤑 What is it now? - medium-term:
As I said above, I think that the fall has most likely ended and the growth within 3-6 months to at least $ 60 looks quite real, the maximum in the most optimistic scenario I see $ 90, I think that most likely this level will not be broken at the 1M half, only punctures.
⚠️ And in conclusion, I wish you good luck in making your own deliberate trading decisions and profit ✊ Bye!
Solana 18% gain may reverse: analysisAfter posting an impressive 18% rally over the past 30 days, Solana’s (SOL) price now faces the risk of a deeper pullback that could wipe out a substantial portion of those gains. On Wednesday, October 15, SOL attempted to retest the $160 level but failed to break through.
The cryptocurrency is now on the verge of falling below the critical $150 support level. If SOL dips beneath this region, this analysis indicates that the drawdown could result in the asset ending October with a net negative return.
In August, when SOL reached the $153 mark, it quickly lost 15% of its value, dropping to $129.35. September saw a similar pattern with a 12% decline, while October followed suit with a 10% drop under comparable conditions.
If this pattern continues, Solana could be facing another double-digit decline. The indicator reinforcing this bearish outlook is the Chaikin Money Flow (CMF), which measures the volume-weighted average of accumulation and distribution. A higher CMF reading signals stronger accumulation, while a lower reading indicates increased distribution.
On the daily chart, the CMF has dropped below the zero signal line, signaling that Solana is facing heightened selling pressure. If the current trend continues, this further supports the forecast of a potential double-digit decline in SOL’s price.
If negative scenario plays out, SOL could see a 10% decline to $136.07, echoing the price movement seen between October 1 and 3. In an even more bearish scenario, if selling pressure intensifies, Solana might experience a further decline, with its price dropping to $125.02.
Conversely, if SOL manages to hold above the $150 support, a rebound could be on the horizon. In this case, Solana might rally toward $173, a level it hasn’t reached since July.
SOLUSDTTaking short term long trade here. Price went out from accumulation on lower TF.
Target and invalidation are on chart.
NFA
DYOR
SOLUSDTFibonacci Retracement: The SOLUSDT chart applies Fibonacci retracement from the high at 259.90 USDT to the low at 3.44 USDT. Currently, the price is near the 78.60% retracement level at 125.27 USDT, which acts as a strong resistance. If the price breaks above this level, the next target is the all-time high near 259 USDT.
Stochastic RSI: The Stochastic RSI indicates an overbought condition (above 80), suggesting that a potential price reversal or at least a small correction might occur. This is especially important given that the price is near significant resistance.
MACD: The MACD shows a bullish signal, but the signal lines are still close together, indicating that the bullish momentum is not yet strong. If the histogram turns more positive, we might see stronger upward momentum.
Pattern and Candlestick: We can observe an ascending triangle pattern that has been broken to the upside, which is a bullish sign. However, the price is still hovering around the 78.60% Fibonacci resistance. A clear break above this resistance could lead to further rallies.
Probability Based on Global News: Global market sentiment, such as regulatory developments in the crypto space, Solana (SOL) adoption, and macroeconomic conditions, could influence the price. If positive sentiment prevails, SOL could continue its upward trajectory.
Stoploss Hunting is RealIn the provided chart there is a very clear bullish long term cup and handle chart, on top of that there is a sudden spike run as expected that verifies the bullish setup. Due to extreme bullish premise of the chart the consolidation area can be analyzed as the flag and the previous run as the pole, so what is the next expectation? You got it, it is another pole since the price crossed above the consalidation area top, but there is a catch.
In the context of trading, stop loss hunting refers to the strategy where large market players intentionally push the price of an asset to a level where they believe a significant number of stop loss orders have been placed. This movement often triggers these orders, leading to a rapid, often artificial, price decline or spike. For traders who set these stop loss orders, this can result in the premature closure of their positions, typically at a loss, which otherwise might have been profitable. This tactic is particularly effective in environments with clear technical patterns, as they offer predictable points where stop losses are likely to be concentrated. As the price reaches these critical points, the sudden surge in selling or buying activity, precipitated by the triggered stop losses, allows the hunters—often institutional investors or large-scale traders—to enter or exit positions at favorable prices, capitalizing on the artificial volatility they've helped create. Thus, while the chart suggests a bullish continuation, traders must be wary of such manipulations that can disguise themselves as normal market retracements or consolidations.
SOLUSDT longTwo scenario on the plate as usual:
It's either a rocket or you, delivering someone's order as a courier.
Support around 115 showed strong reaction on retest, so the price with the higher possibility will leave from the station upside.
Second scenario still possible in case of support loss.
Main zones and targets are mentioned on chart.
NFA
DYOR
Solana Faces Resistance at $160, Seeks Liquidity Between $132 anSolana (SOL) is currently in an interesting price range for investors looking for liquidity opportunities. The asset may retreat from the $153 level towards lower levels, seeking liquidity in the $137 to $132 range, offering a potential entry point for short-term investors. However, the asset is facing significant resistance around the $160 mark, which has been challenging to surpass in the current market environment.
Despite this difficulty, Solana shows promising long-term potential, supported by its robust technological infrastructure and increasing adoption in the blockchain market. Investors with a more patient profile might view this phase as a strategic positioning opportunity, with an eye on potential future gains.
SOL Short Evening star pattern formed inside supply zone between 155 and 156.4 (1 hr chart)
Price is at strong resistance zone.
Might be short from here.
Waiting for a Buy Opportunity at SOL Support ZoneSOL/USDT is currently trading around 156.19 USD, and I’m keeping a close eye on its price action. After a solid bounce from the key support level at 151.46 USD, I expect it might consolidate for a while between the resistance at 159.52 USD and the support around 153.12 USD.
If the price pulls back to the 151.46-153.12 USD zone, I see that as a strong buying opportunity, especially since it lines up with the 0.618 Fibonacci retracement level. This level often acts as a significant support in uptrends.
In the short term, I’m anticipating some sideways movement before we get a potential breakout above 159.52 USD. If that happens, my target would be the next key level at 167.13 USD, which aligns with the 1.618 Fibonacci extension.
While there’s always the possibility of a pullback, the way the price has been moving lately makes me believe that the buyers are still in control. I’ll be watching the support zone closely for any signs of further bullish action.
SOLUSDT : How to trade ?The chart for SOL/USDT presents a bullish harmonic pattern (likely a Gartley or Butterfly), with the price currently sitting around $152.22 after a recent upward move. The "D" point, which forms the completion of the harmonic pattern, suggests that the price could be setting up for a potential reversal or continuation to the upside, targeting the key resistance level at $159.46.
The green zone around $145.00 serves as a critical support level where buyers have previously stepped in. A breakout above the $159.46 resistance could signal a strong bullish continuation. However, if the price fails to break this level and reverses, it could retest the support zone. Traders should monitor this zone closely for any breakouts or reversals in the short term.
Solana: New Lower High Being Established Solana is in the process of establishing a local lower high, which would indicate the end of the current price bounce.
Good Monday my fellow Cryptocurrency trader, I hope you are having a wonderful day.
A lower high at this point would signal the resumption of the bearish move; a bearish continuation. This continuation would be the continuation of the drop that started 18-March and was later continued late July. The next down-move would be the final drop of this correction and would likely establish the bottom and thus bullish dynamics.
How far down it goes it is still speculation because it depends on how ready buyers are to enter the market and how strong the bears are. With that said, the main three support range are mapped on the chart.
It will be very interesting to see how it all develop. Will it be a flash crash or a long drawn out drop?
Leave a comment with your thoughts.
Thank you for reading.
Namaste.
