SOL short Position Sol rejection from here can send it down pretty fast.
Looking into short position from here.
Above 241 with close sl of 245.
Risky call but have nice RR.
Note: Not a Financial Advise.
SOLUSDT.P trade ideas
SOLStop run LWL into upper falling wedge breaking out > consolidate > ATH BO. weekly not overbought, back inside bolly bands
Solana to 288$BINANCE:SOLUSDT
Solana is bullish as it broke the triangle
Entry 242.7
Target 288.0
Stop 213.0
SOL testing resistance*Remember, all the trades i am taking with risk management*
SOL is retesting resistance area with BTC selling pressure. It should go up from here or else will be visiting lows.
$SOL - AnalysisCRYPTOCAP:SOL 4H
1. Harmonic Pattern:
- A potential harmonic pattern is observed, consisting of points X, A, B, C, and D.
- Point D is located at the 0.952 Fibonacci level, indicating the completion of the pattern, and there is an expectation of correction or reversal.
2. Order Block:
- An "Order Block" area is identified near the price peak (range of 156 to 160). This area could act as a strong resistance, with a likelihood of price reversal from this level.
3. Ascending Trendline:
- The price has reacted to an ascending trendline multiple times. This line can serve as strong support, and if broken, it could lead to further price declines.
4. Retest Area or Rise from Here?:
- Two potential scenarios are illustrated in the analysis:
- Bullish Scenario: After reaching the trendline, the price could pull back and move upward.
- Bearish Scenario: If the trendline support is lost, the price may decrease further and move toward lower areas (around 140).
5. Strong High Area:
- This area is marked as a very strong resistance above the price, which, if broken, could lead to significant upward movement, potentially reaching the range of 164 and above.
The Two Archetypes of TradersIn the trading world, markets move in cycles, and bearish conditions are no exception. Here's an educational breakdown of how traders can navigate these challenging times:
1. The Long-Term Holders (Investors)
Mindset: Patience is their superpower.
Goal: Accumulate assets during bearish trends by buying at key support levels and holding for future gains.
Approach: Use the WiseOwl Indicator to identify areas of strong support and potential accumulation zones for strategic entries.
2. The Intraday Traders (Short-Term)
Mindset: Adaptability and precision are crucial.
Goal: Profit from short-term price movements, capitalizing on market volatility.
Approach: Utilize the WiseOwl Indicator to pinpoint bearish momentum for short entries and clear exit levels, ensuring optimal risk management.
Educational Example: WiseOwl Strategy in Action
Let’s analyze Solana (SOL) on the 15-minute timeframe during a bearish market:
Trend Identification: The WiseOwl Indicator highlights a confirmed downtrend with clear bearish signals.
Entry Points: Short trade signals are generated at moments of significant bearish momentum.
Risk Management: Stop loss and take profit levels, calculated using ATR-based logic, ensure disciplined trading.
Takeaways for Traders
📉 Bearish Markets:
Holders focus on identifying value areas for accumulation.
Intraday traders capitalize on market volatility with precise entries and exits.
Happy trading! 🚀
#WiseOwlIndicator #TradingEducation #BearMarket #SOLAnalysis #CryptoTrading
SOL High Selling Pressure ...Wait For PullBack For ShortSOL High Selling Pressure ...Wait For PullBack For Short..
When should we go long on Sol? It is likely to experience a pullback in Sol when BTC reaches 3355. Once BTC starts to drop from 3355, Sol will move upwards. This will be a chance to open a short position, and for those who have long positions, it will be time to close them.
BTCD Chart Attached..
For Timely Updates DM US ..
My Solana Outlook entering 2025
3D - so we are tapping this bull div once more, you know solana, we are still going up, bears seem to be on the decline, approaching the weekend, watch for that, 55 holding as support could give us a lil bounce as it currently is, lets see, make sure to wait for local div on the rsi
DAILY - bull div invalidated, so we wait for another bullish divergence to take us up, so expect volatility over the next 2 weeks, pump then dump then pumpola i believe
Actual Solana Cycle!!Here we have the possible current count for Solana. The main structure suggests an end of the structure above $302, but the substructure of wave 5 indicates an extension up to $345. Currently, it is in good zones to consider buying by doing DCA (Dollar-Cost Averaging) down to $178, which would be the next correction zone if BTC experiences a significant pullback in the coming weeks!
SOL4th wave is nearing completion as C wave looks like it's printing an ending diagonal. Or we go up now for a C wave then reject back down again to create new low.
SOL 1D. Solana Ready for New Highs. 12/18/24Currently, the price has formed a "descending parallel channel" and is moving within its boundaries.
I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high.
Trade Plan:
EP (Entry Point): $202 - $196
TP (Take Profit): $240 - $260
SL (Stop Loss): $184 - $182
Personal Approach:
I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this!
What you should do is entirely up to you.
DYOR.
#SOL: Powering High-Speed Blockchain InnovationDescription:
This trading idea focuses on SOL, the native token of the Solana blockchain, renowned for its high-speed and low-cost transactions. SOL powers a next-generation blockchain designed to scale decentralized applications (dApps) with unmatched efficiency, processing thousands of transactions per second. Solana has gained substantial adoption across DeFi, NFTs, and gaming sectors, solidifying its position as a key player in the crypto ecosystem. Its ability to deliver performance, scalability, and low fees makes it attractive for developers and users alike, driving long-term growth potential.
However, investors should be cautious, as the cryptocurrency market is highly volatile and influenced by macroeconomic trends, regulatory developments, and technological changes. While Solana shows strong fundamentals, trading SOL requires a well-considered strategy and risk management.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like SOL carries significant risk, including the possibility of losing your entire investment. Always perform your own research, evaluate your financial situation, and consult a professional advisor before making any investment decisions. Past performance is not indicative of future results.
SOL is Bullish as Feverything is clear that we will see ATH soon.
As you can see, we are in the top of bear channel. If just one candle closes above black line, you will see how Solana fly to the moon.
SOL +25?The chart shows the formation of a key support level in the $210-220 range, indicating a potential reversal zone. The current structure resembles a descending wedge — a bullish pattern that often signals a potential breakout upwards. Target growth zone: $260+ (potential increase of ~25%). If the price holds above the green zone, a breakout and upward movement can be expected.
Bull-flag_pattern_2nd-confluence_to_340So the last deep retracement to 202.78, was inside the Golden zone on the H4 timeframe
this was of sorts also the confirmation of the lower end of the bull flag, as the H4 candle body closed inside the channel border.
this was a text book bounce from inside the golden-zone (50-61fib), and if one fib's the zone, the wick, was a perfect rejection off the 61fib
lastly, the channel seems true, as the 13th Dec wick, was again a perfect rejection off the channel ADR (middle line)
SOLUSD With a Bounce on Fib LevelsSolana (SOL/USD) rebounding from the 0.5 Fibonacci retracement level suggests bullish momentum. Enter long positions targeting key resistance levels, with stop-loss below recent support for risk management.
Don't forget to Trade with what you can afford to Loss..
SOL is making a correction#SOL is making a correction which can let the market drop to lower prices as there is some fibo levels to reach and after that can make another rise
$SOL WeeklyBoth USD and BTC pairs showing weakness on SOL. I would like to bid the 200 area if we get a retracement into this. HTF is till bullish, any pullback is an opportunity to buy.
SOLANA daily butterflyThis will be first post and probably the last if this will not materialize. Plotted daily bearish butterly, I entered long on the C leg with confluence on the Extreme FVG liquid sweep. The harmonic bearish gartley materialize but never reached my entry limit on the 243 level.
Hoping this would materialize. TP will be 0.32 and 0.50 of fib from leg C-D. You could long now but mind your risk.
Short-Term Bearish Setup: Potential 2.45R Sell Trade on Solana (After carefully identifying the support and resistance zones, we’ve identified a potential 2.45R short trade opportunity on Solana for the short term. Here’s the confluence supporting this setup:
The crypto market on the 15-minute timeframe is in a clear sell trend.
Solana also shows a bearish bias on the 15-minute period.
The ADX and DI (200) indicate bearish momentum, while the Stochastic RSI (200) suggests buyer exhaustion.
Wishing you a successful trade, folks!
SolanaImportant resistance for solana one of the best performers of this cycle.
It is also making a hammer on weekly
