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DreamAnalysis | SOL Analysis: Key Triggers for Futures TradingWelcome to today’s analysis. I will be analyzing Solana (SOL) for futures trading. The analysis will cover daily and 4-hour timeframes, focusing on identifying suitable entry and exit triggers. Daily Timeframe Overview In the daily timeframe, after a sharp upward move with strong momentum, SOL hit the $202 resistance zone, initiating a correction phase that has lasted for about 200 days. During this period, the coin has been consolidating between the $125 and $202 levels. Volume Decline and Key Resistance The trading volume has been gradually decreasing, and currently, the price is below the $161 resistance. After testing this resistance three times, SOL has yet to establish itself above this level. A breakout above $161 could serve as a good long trigger, with the first target being the next resistance at $187. voiding Moving Averages I’m not using moving averages like the SMAs due to the market’s range-bound condition and low volatility. However, for detecting momentum, we can use an RSI breakout above 65.01, but this confirmation isn’t highly reliable due to the sideways market, which makes indicators and oscillators less accurate. Long Triggers and Potential Targets The next long triggers are the breakouts of the $187 and $202 resistance levels. Personally, I prefer opening a position with the $187 breakout, as the $202 breakout might not provide a strong and reliable trigger. If $202 is broken, the next target would be $233. Short Triggers and Bias Towards Uptrend The short triggers are $139 and $125, but I’d prefer to open a position at $125 since the main market trend is still bullish and currently in correction. I believe there is a higher chance of an upward move than a downward one. If the support levels are broken, the next support target would be $82. 4-Hour Timeframe Analysis Now, let’s move on to the 4-hour timeframe. The triggers from the higher timeframes are also visible with slight modifications, and we can use the same triggers in this timeframe as well. Weakening Momentum In the last upward wave, after hitting the $160 resistance, volume started to decline, and the size of the candles and market momentum indicated weakness in the trend. Additionally, we have a convex trendline that also highlights the weakening wave. Given this, I’d personally open a short position upon breaking the trendline and the $152 support, but with low risk. I’d take profits at the $138 and $126 support levels. Importance of $160 Resistance Despite the weakening trend and the short trigger, I wouldn’t hesitate to open a long position. The $160 resistance is crucial, as it has pushed the price down three times so far. Therefore, it’s natural for the price to lose strength near this level. The $160 breakout is also a valid long trigger, and I’d make every effort to open a long position if this resistance is broken. Caution on Short Triggers As mentioned, the first and riskier short trigger is the $152 level, which isn’t very reliable. I recommend risking only half of your usual amount for this position. The next trigger is at $138, which I view as a target for the first short position. The main short trigger is at $126. [bFinal Thoughts on SOL’s Trend Overall, I believe that in the higher timeframes, Solana’s trend remains bullish, which affects futures triggers. Given this, I personally prefer taking long positions, which is why I wouldn’t open a short position at the $138 level. However, the $160 breakout seems like a good long position opportunity for me. Disclaimer This is not financial advice, and it’s purely my personal opinion on the movement of this coin. It may be entirely wrong, so always do your own research before making any decisions.
Long
by DreamAnalysis
OvertradingI want to talk about overtrading in trading Looking at social media traders, it seems like everyone is trading perfectly! In reality, everyone has their own demons that we fight every day! Overtrading is not gambling, but it is also not good! Yes, of course, we must have a trading strategy and if we do not stick to the strategy, and more importantly, risk management! The number of open trades does not equal profit! Overtrading is an excessive passion for buying or selling financial instruments, also known as tilt. In other words, having too many open positions or using a disproportionate amount in one trade. There are no laws or rules against overtrading for individual traders, but it can hurt your trading account or portfolio. Trading style is an important component of your trading. This means that your preferred style should determine the frequency of your trades. For example, you are more comfortable trading swing positions with a stop loss of 3-4 percent with a little leverage! Perhaps you do not have the time or desire to sit during the day and monitor entry points! Therefore, if you have a trading style that is comfortable for you, stick to it! If you switch and make 3-5 trades during the day, you will simply burn out from emotions, good or bad! You can also feel problems when you do not trade enough! Sometimes you see positions, but fear overcomes you and you do not open positions, but just watch! Often, after a series of such missed trades, you open a trade on emotions! Therefore, always keep a balance in your trading style The biggest reason for infrequent trading is the fear of losing money. But if you do not trade, you can miss good trading opportunities. Reasons for overtrading Excessive trading occurs when a trader does not adhere to the rules of his trading strategy. He is tempted to increase the frequency of trades without consulting a trading plan, which can lead to bad consequences. To prevent overtrading, you can change your trading plan at any time to be more restrictive and add stricter entry and exit criteria. Avoid emotional trading: Distinguish between rational and emotional trading decisions and back up your decisions with clear market analysis. Diversify your portfolio: If you often open more than one position, you can minimize risk by spreading your investments across different asset classes. Use only what you have: Decide how much you want to risk, but never trade with more capital than you can afford to lose. When it comes to your trading plan, consider your goals and motivation, time and money, and market knowledge to manage risk. Goals and Motivation Describe what drives you to trade. Do you want to make a profit? Or do you simply want to learn more about how the financial markets work? It’s important to not only write down why you want to be a trader, but also what type of trader you want to be. There are four common trading styles: scalping, day trading, swing trading, and position trading. Finally, you should write down your daily, weekly, monthly, and yearly goals. Time and Money Decide how much time and money you want to dedicate to trading. Remember to factor in preparation time, learn about the markets, analyze financial information, and practice on a demo account. Then decide how much of your own money you can dedicate to trading. Never risk more than you can afford to lose. Risk Management Decide how much risk you are willing to take. All financial assets carry risk, but it is up to you to decide how aggressive your trading strategy will be. Risk management includes determining your preferred stop losses, limit orders, and risk-reward ratio. Market Knowledge Before you begin trading, it is essential that you thoroughly understand the markets and trading. Assess your experience before you start trading, and keep a trading journal to learn from your past mistakes. Overtrading and Risk Management Managing risk when overtrading or tilting starts with a trading plan. Regardless of your experience level, type of trader, or the amount of money you have to spend, you need a well-thought-out trading plan. Once you have that plan, you can assess how much you are trading. Calculate your maximum risk per trade Choosing how much to risk on each trade is a personal choice. It can be anything from 1% to 10% for traders who can take a lot of risk. But if you risk up to 10%, it can take as few as five trades to lose 50% of your trading capital, so a lower percentage is usually recommended. You should make sure that your risk percentage is sustainable and that you can still achieve your trading goals with the chosen percentage of risk you take
Education
by Crypto4light
SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in. On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market. The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165
Long
by RTED_Investing
Lingrid | SOLUSDT consolidation Ahead of POTENTIAL BreakoutThe price perfectly fulfilled my previous idea. It reached the target zone. BINANCE:SOLUSDT has tested the psychological level at 160, where it formed a double top pattern before pulling back. This indicates a potential reversal or consolidation after hitting a significant level. Prior to this price movement, the market broke and closed above the another strong level at 150, which is a bullish sign and suggests that buyers are showing interest. On the daily timeframe, the market is testing a previous resistance zone, where price has previously encountered selling pressure and pulled back on two occasions. Analyzing the weekly timeframe, it is noteworthy that the last two candles were strong and showed momentum, reinforcing the bullish sentiment in the market. I expect the market to consolidate just below the resistance level at 160 before a breakout. My target is resistance zone at 165 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
SOL / The Last 7 MonthsHow can Solana's last 7-month period be interpreted in 1 sentence? Starting from March 1st, the price entered a sideways phase above $125, forming 3 high and 3 low regions and after the last low, it is retesting the midline of the 7-month downtrend channel. What can be said about Solana's price direction in 1 sentence? After forming 3 high and 3 low regions in the sideways range, the price re-enters the downtrend and as long as it doesn't break below, it is expected to form a 4th high region higher than the previous three. What are the major price zones above and below? The $175.5 - $184 price zone above and the $141 - $152.5 price zone below are significant. In other words, a price staying above $152.5 is positive and inclined to move towards the upper region.
Long
by huecoshunter
Solana Moves Below MA200 Explained (Market Crash Confirmed)Let's dive a bit deep about the dynamics of the current signal, trading below MA200, and why it is so crucial right now. Context is king. Moving above or below MA200 can be a minor development just as it can be a major one. We are talking about technical analysis and we focus specifically on the Altcoins and Cryptocurrency market. Here we can see the chart for Solana —SOLUSDT daily timeframe. Solana is now moving daily below MA200. The reason why this is a doom signal are several: 1) A major bullish wave precedes this event. The fact that Solana grew for more than a year opens the door for major bearish action. A correction can be long because growth was long. A correction can be strong because growth was strong. The market tends to seek balance. 2) High price. This is similar to the first factor. Since Solana is trading at a high price, losing a major support can produce a major crash because there is plenty of room to move lower. If Solana were trading at a low price, a loss of support wouldn't be that bad because the downside can be limited. This isn't the case here. 3) Moved above MA200 just to move back below. This is the most important signal and it has two aspects. (3a) Moving above MA200 just to move back below produces a failed signal, this reinforces the bearish bias; it makes it a stronger. (3b) The fact that Solana failed to grow after conquering a major resistance level, MA200, means that there are no buyers around. If even above MA200 there is no bullish continuation, no major rise, it means that people are not willing to pay a high price for these coins. This all leads to the present situation, the market cycles between up and down. Once we are down, we can expect growth. When we are up, it is easy to tumble and this is what we've been seeing since March 2024. Lower highs and lower lows. We are about to experience the continuation of the bearish trend. Solana is preparing to crash and the effect of this crash will be felt across the entire Cryptocurrency space. This is not only Solana; Bitcoin, Ethereum, Binance Coin and all the Crypto-giants are in the same boat. We enjoyed a major bullish wave and now we have to go through a correction before the next major growth phase. It is the way it works. Once the correction is over, we will see long-term sustained growth. There will be a consolidation/accumulation phase after the crash. And only after months of this we can experience a new bullish phase. Thank you for reading. You are appreciated. Namaste.
Short
by AlanSantana
3
SOL - why are alts holding up so well?Quite a few altcoins are holding up well despite bitcoin's pullback today. If we zoom out on SOL for example, we see some bad lows at local range lows, but high timeframe gives us the confluence of majors highs and also value area high of the range between 120 and 200. At the same time this move up has left some imbalance and stacked lows, so we can begin to try identify possible scenarios on how SOL could develop from here. If we see a sweep of the local range and price holds, we can long into those htf highs that are left untapped. From there it's looking for a deviation that brings us back below 165, where you can be a seller into 140. One step at a time of course, let's see how local range lows react first.
by Tealstreet
$SOL Short: Multiple Indicators Align for Potential Downside Solana (SOLUSDT) is exhibiting several bearish signals suggesting a potential short setup. With Bitcoin (BTC) rejecting the $55,000 - $56,000 resistance area as anticipated, Solana appears to be following suit. Here's a comprehensive analysis of why SOL might be primed for a downward move. Technical Analysis: Reversal at Previous Resistance & High Volume Node (HVN): Price Rejection: SOL is reversing at a significant previous resistance level, which aligns with a High Volume Node—a price area with substantial trading activity, often acting as strong resistance. Price Below VWAP & Key EMAs: -VWAP Crossover: On the 1-hour chart, SOL has crossed below the Volume Weighted Average -Price (VWAP), indicating a shift toward bearish sentiment. -EMAs Breakdown: The price is trading below the 13 and 21 Exponential Moving Averages -(EMAs), reinforcing the downward momentum. -Correlation with Bitcoin & Market Sentiment: BTC Influence: Bitcoin's rejection of the key resistance area adds bearish pressure across the crypto market. Market Downtrend: The overall market sentiment is negative, which could accelerate SOL's potential decline. Multiple Confluence Points: High Probability Setup: The combination of these technical factors increases the probability of a successful short trade. Trade Setup: 🔸 Entry Point: Consider entering a short position around the current price level near the HVN resistance zone. 🔸 Stop Loss: Place a stop loss above the recent swing high to mitigate risk in case of a bullish reversal. 🔸 Take Profit Targets: First Target: Near the next key support level or recent low. Second Target: At significant Fibonacci retracement levels or long-term support zones. Risk Management & Considerations: Conclusion: With multiple indicators aligning—a rejection at a key resistance level, crossing below VWAP and EMAs, and a bearish market sentiment—Solana presents a compelling short opportunity. Trading is about managing probabilities, and this setup offers multiple points of confluence that could increase the chances of a successful trade.
Short
by Willell1367
$sol short SOL/USDT Short Setup (4H Chart short on SOL/USDT based on the bearish structure and resistance zone. Entry Zone: $156.75 - $157.00 (Bearish OB + key resistance area). Stop Loss: Above $160 (just above the OB and buy-side liquidity zone). Take Profit Targets: TP1: $154.00 (MSS region). TP2: $150.00 (next FVG and support). TP3: $147.00 (blue OB and major support). TP4:$139 DAILY FVG Rationale: Bearish Order Block (OB) rejection seen around $156.75-$157. Market Structure Shift (MSS): A breakdown suggests a potential continuation to the downside. Fair Value Gap (FVG): Price is likely to aim for the $150 FVG zone, offering a decent risk-reward ratio. Liquidity: Buy-side liquidity has been tapped (OB), increasing the probability of a move toward sell-side liquidity below $150 and $147 , $139.
Short
by origami_capital33
Cryptocurrency Trading Starter GuidePART 1 INTRODUCTION What are Cryptocurrencies? Cryptocurrencies are based on the fundamental idea of being decentralized digital money, created for use on the Internet. Bitcoin, introduced in 2008, was the pioneer in this field and remains the largest, most influential, and well-known of all. Since then, in just over a decade, Bitcoin and other cryptocurrencies like Ethereum have emerged as digital alternatives to government-issued money. The most popular cryptocurrencies by market capitalization include Bitcoin, Ethereum, Tether (a stablecoin), and Solana. There are also others like Doge, Toncoin (from Telegram), and Chainlink, which are quite well-known. Some of these cryptocurrencies function similarly to Bitcoin, while others are based on different technologies or have additional features that allow them to do more than just transfer value. Cryptocurrencies enable the transfer of value over the Internet without requiring the involvement of intermediaries like banks or payment processors. This facilitates nearly instant value transfers worldwide, at any time of the day, seven days a week, and with very low costs. Most cryptocurrencies are not issued or controlled by governments or central entities. Instead, they are managed by peer-to-peer computer networks that operate using free and open-source software, allowing virtually anyone who wants to participate to do so. If there’s no bank or government involved, how is the security of cryptocurrencies ensured? Security is achieved through a technology known as blockchain. A cryptocurrency's blockchain is similar to a bank’s ledger or balance sheet. Each cryptocurrency has its own blockchain, which serves as a record where all transactions made with that currency are verified and continuously updated. Why are Cryptocurrencies Considered the Future of Finance? Cryptocurrencies are the first real alternative that challenges the traditional banking system, offering notable advantages that position them above traditional payment methods and existing forms of investment. They can be seen as "Money 2.0," a new type of cash born on the Internet, giving them the potential to become the fastest, most accessible, economical, secure, and global means of exchanging value the world has ever seen. Cryptocurrencies can be used to purchase goods and services or as an investment option. Unlike traditional currencies, they cannot be manipulated by a central authority since no such entity exists. Regardless of what happens with a government, your cryptocurrencies will remain protected and secure. Digital currencies provide equal access, regardless of a person's country of origin or residence. As long as you have a smartphone or a device with an Internet connection, you can access cryptocurrencies just like anyone else. Cryptocurrencies offer unique opportunities to expand people's economic freedom worldwide. Without physical borders, digital currencies facilitate free trade, even in countries where the government strictly controls its citizens' finances. In regions where inflation is a significant challenge, cryptocurrencies can serve as a viable alternative to unstable fiat currencies for saving or making transactions. Why Invest in Cryptocurrencies? You can buy both small and large amounts of cryptocurrencies since it’s possible to purchase fractions of them. For example, you can buy Bitcoin with any amount, such as $1, $25, or $50. Unlike stocks or bonds, cryptocurrencies can be easily transferred to anyone or used to pay for goods and services in just seconds or minutes. Millions of people include Bitcoin and other digital currencies in their investment portfolios. Creating a secure account only takes a few minutes, and you can buy cryptocurrencies using a debit card or through a bank account. Cryptocurrencies' high volatility means their prices can change abruptly, providing traders with the opportunity to take advantage of these price movements to make profits. 24/7 Market: Unlike traditional stock markets, cryptocurrency markets are always open, allowing traders to operate at any time of the day or night. What is a Stablecoin? Examples of Stablecoins: USDC (USD Coin) USDT (USD Tether) PYUSD (PayPal's Stablecoin) DAI USDD These are examples of price-stable cryptocurrencies known as stablecoins. You can think of these assets as "crypto dollars" because they are designed to reduce volatility and increase reliability. Stablecoins combine some of the best advantages of traditional cryptocurrencies, such as seamless global transactions, security, and privacy, with the valuable stability offered by fiat currencies. These cryptocurrencies achieve this by linking their value to an external element, typically a fiat currency like the US dollar, a tangible asset such as gold, or the Euro. This makes their value less likely to experience drastic fluctuations from one day to the next. This stability can improve their usefulness as a currency for daily transactions, as both buyers and merchants can trust that the value of transactions will remain relatively constant over more extended periods. Additionally, they can serve as a safe and consistent way to save money, similar to a traditional savings account. Part 2 will be published tomorrow I hope this is valuable to you! If you liked it, please support me with a like! If you want to learn more, follow me! If you didn’t like it, I welcome any criticism or comments!
Education
by Crypto_girl028
#SOLANA ⟶ A DROP IS COMING!!!#Solana Analysis Summary Daily Time-Frame ⏰ In the daily time-frame, #Solana is moving within two bearish channels, one green and one red (as shown) 📉. After the recent drop, #Solana reacted positively to the mid-line of the lower channel and moved toward the top of the upper channel 📈. Currently, it is struggling with the upper channel resistance. In such cases, before continuing the upward movement and breaking out of the upper channel, we often see a pullback towards the mid-line or the bottom of the channel, from which growth can resume again. ................................ Let's break down the scenario further: Before the upper channel is broken upward, there's a chance for a drop toward the following support levels: Support 1: Midline of the channel Support 2: Price range 139.42 - 141.40 Support 3: Bottom of the channel After hitting one of these three supports, bottom formation can occur, and we may resume the bullish trend 📈. However, if the upper channel is broken upward from the current zone in the daily time-frame (valid break and confirmation), growth will continue without pause towards the next growth targets 🚀. ................................ Important note on the lower time frame: If growth happens from this zone, there’s a key detail that complicates things, which will be covered in the lower time-frame analysis I'll send later. ................................ Next growth targets in case of either bullish scenario: 🎯 Target 1: Price range 166.83 - 168.84 🎯 Target 2: Price range 195.93 - 202.33 ................................ Stop-loss for the temporary drop scenario and continued growth (entering a deeper bearish phase): If the upper channel is broken downward again, #Solana could continue its drop within the lower channel toward the mid-line and bottom of the channel 📉. ................................ Solana Analysis Summary 4-Hour Time Frame ⏰ In continuation of the daily time-frame analysis 📊: Based on the daily time-frame, the next likely move is a drop 📉. There are two possible scenarios for a drop towards the mentioned support levels: Scenario 1: Considering the touch at the top of the daily bearish channel and the break of the divergence trendline in the 1-hour time frame, this confirms the drop toward the mentioned support levels 📉⚠️. Scenario 2: A temporary rise to the 166.83 - 168.84 range, followed by a drop based on the rising wedge pattern, targeting the same support levels 📈🔄📉. ................................ When will growth toward the second target of the main analysis continue without interruption, even with the wedge-based drop? If the price touches the divergence trendline in the 1-hour time frame, forms a bottom, rises again, and breaks the upper wedge line upward, without re-entering, then it can continue growing based on the continuation pattern of the rising wedge (without interruption) 🚀. ................................ Note: Considering the position of the recent bullish trend-line (from the mid-line of the lower bearish channel), the first and second support levels have a higher priority for stopping the likely drop and forming a bottom compared to the third support 🛡️. The third support (bottom of the upper bearish channel in the main analysis) can only act as a base for bottom formation if a reversal pattern like a double bottom forms at this level 📉💡
Short
by Eldorado_Land
Solana prepares for breakthroughWe see a long accumulation, a stop after an upward trend At $125 there is serious support, which we have tested many times, now we are making another approach to the trend line We are moving in a global ascending channel and so far it looks like continued growth and renewal of the maximum 160 and 190 are local resistances, but there is a high probability of a powerful breakout and an exit beyond these levels at the same time Take profit target is $300. Spot long, with current levels this is a good potential 100%
Long
by Juliia
#SOLANA'S BULLISH RUN CONTINUES! (KEY SUPPORTS AND TARGETS)Solana Analysis Summary 📊 1-Hour Time Frame ⏰ The short-term trend for #Solana is bullish 📈 as it remains above its weekly and monthly support levels. As long as Solana stays within the bullish channel in the 1-hour time frame, this bullish-trend can continue with strength 💪. There are two key support levels for forming a bottom in this bull-trend: First Support: The midline of the 1-hour channel and static support at 149.94 (which it has currently touched) 📍. Second Support: The bottom of the 1-hour channel and static support at 145.87 📉. If the 1-hour channel bottom is lost, Solana’s trend will remain bullish, but we could see a temporary drop to the support zone of 139.04 - 141.40, where it might form a bottom and resume its growth 🚀. ........................ Growth Targets: 🎯 Target 1: 155.73 - 156.79 🎯 Target 2: 160.85 - 162.30 🎯 Target 3: 166.83 - 168.84 I don’t expect any further growth beyond Target 3 at the moment. ........................ Stop-Loss for Solana’s Growth Scenario and entry into a new bearish phase: A break of 139.04 support on the daily time frame 🛑. In that case, the analysis will be updated. ........................ Share your thoughts about #Solana with me and others in the comments below 💬.
Long
by Eldorado_Land