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Solusdt

#SOL #SOLANA Technical Analysis & Trade IdeaSOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup through a daily timeframe #SOL price swing that aligns with the Fibonacci level. Place a stop-loss order below the previous swing low, adhering to a minimum risk-reward ratio of 1:2. Disclaimer: This analysis serves as an informational resource and does not constitute financial advice. Conduct your own diligent research and thorough risk assessment before executing any trades.
Long
by fxtraderanthony
1
I Cannot Short This !!! Hi every one ➡️SOL has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which SOL is in, Is a Bullish flag Pattern ! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement ( Flag pole ) to happen! 🟡 Summery: - SOL has been Bullish Recently! - The odds of another Bullish Movement is High! - Bullish flag is Visible on The chart! - No break out yet! - Bullish Divergence 🤑 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
Will SOLANA hit $300 in Next Bull Market ? #SOLANA Analysis #SOL/USDT is currently trading near the Weekly Resistance area. If it breaks, we could see it testing the Monthly Resistance level at $30-$33. After this, a retracement of 40-50% is expected, with the best entry point being at $14-$18. In the long term, the target for #SOL is set at $100/$200/$300. Don't miss out on the potential gains! #cryptotrading #investing Join us for more updates and analysis on #cryptocurrencies. Let's ride the crypto wave together!
Long
by CryptoPatel
10
Market Update - February 9, 2024 Bitcoin crosses $47K as ETF inflows steadily outpace outflows: After remaining range bound between $42.5K-$43.5K for the past few weeks, bitcoin (BTC) jumped higher on Wednesday evening and once again broke through the $45K level for the first time since the launch of the spot bitcoin ETFs a month ago. On Friday, BTC rose past $47K. Continued demand for the spot bitcoin ETFs could be helping the move higher and they have been showing more strength this week with inflows outpacing outflows from Grayscale’s GBTC for the ninth consecutive day. Solana hovers above $100 despite five-hour outage: On Tuesday, the Solana network experienced a significant outage leaving the network offline for five hours, resurfacing the debate and criticism of Solana being too centralized. The price of SOL initially fell on the news, breaking below the $94 mark. However, the price fought back after the issues were resolved and moved above $100 on Wednesday evening. Ethereum Name Service partners with GoDaddy as altcoins perform well: Ethereum Name Service (ENS) saw its price gain over 20% over the past seven days following the announcement of a partnership with domain registrar GoDaddy on Monday that will allow Web3 users to link their .eth names to traditional Web2 domains at no additional cost. Other leading altcoins were also up this week, including Avalanche (AVAX) +3%, XRP +4%, Filecoin (FIL) +6%, and Immutable X (IMX) +8%.. Stocks break new records and interest rate debate continues: Stock prices continued to add to their strong start to the year with US stock indices posting new all time highs again this week. On Wednesday, the S&P 500 closed within touching distance of the 5,000 mark for the first time ever. The timing of interest rate cuts also continued to be debated this week. Market participants have tapered expectations slightly and are now pricing in five rate cuts for 2024, down from six at the start of the year. However, this is still higher than the baseline scenario put forward by the Fed, which is currently three rate cuts this year. 🥪 Topic of the Week: L2 Scaling Solutions 👉 Read more here
GEMINI:BTCUSD
by Gemini
1
From 9.19% to 183.8%, So this is nice and beautiful, BREAKEVENSOLANA, The market Diamond. Set SL on Entry level, Sell 50% of your position on first liquidity level (TP1). RISK FREE! Hit TP1 and this is profits: Spot and 1X Futures: +9.19% 2X: +18.38% 3X: +27.57% 4X: +36.76% 5X: +45.95% 10X: +91.9% 20X: +183.8% Guys, you can add TP4 for your setup, and you can have 3 scenario: 1. RISK FREE!, move SL on Entry level and sell 50% of your position on TP1, and set Top TP on TP3. 2. RISK FREE!, move SL on Entry level and sell 50% of your position on TP1, and sell 40% of your position on TP3, and set Top TP on TP4. 3. RISK FREE!, move SL on Entry level and sell 50% of your position on TP1, and sell 20% of your position on TP3, and sell 10% of your position on TP4, and GO UP! MORE PROFIT! (I'll tell you another TPs in this scenario). (Long Term) Which scenario do you choose? This is SRM method \(^*^)/
by rezamehrjuyan
2
I love MACD but there's something fishy about 1268% Net Profit!Hey folks, posting this here for you to tinker with. It's a simple trading strategy idea I have using the Moving Average Convergence Divergence (MACD) indicator for signals on when to enter and exit trades. Let's break down the key components of your strategy: Inputs for MACD Calculation: fastLength: The number of periods to use for the fast moving average in the MACD calculation. This is set to 2 periods by default. slowLength: The number of periods for the slow moving average in the MACD calculation. This is set to 4 periods by default. signalSmoothing: The number of periods for the signal line's smoothing. This is set to 2 periods by default. MACD Calculation: The ta.macd() function calculates the MACD line, signal line, and the MACD histogram (which you are not using, hence the underscore placeholder _). The MACD line is the difference between the fast and slow moving averages. The signal line is a smoothed version of the MACD line. Trading Signals: A buy signal (strategy.entry) is generated when the MACD line crosses above the signal line and the MACD line is above 0. This is interpreted as bullish momentum increasing. A sell signal or exit signal (strategy.close) is generated when the MACD line crosses below the signal line. This is to close any open long position based on the assumption that the bullish momentum is weakening. Plotting: The strategy also includes commands to plot the MACD and signal lines on the chart for visual reference. The MACD line is in blue, and the signal line is in orange. This strategy is overlayed on the price chart (overlay=true), which means you can see the buy and sell signals in conjunction with the price action. The strategy is simple and only based on the MACD crossing signals without any other filters or risk management rules. It assumes that when the MACD line crosses above the signal line with positive momentum, it is a good time to enter a long position, and when it crosses below, it is time to exit.
Long
by PPonBIN