SOLUST trade ideas
SOLUSDTGlobally, SOL is forming an ending diagonal triangle.
Within the 4th wave of this diagonal, we see the formation of a triangle in wave X.
SOL USDT💰 CRYPTOCAP:SOL USDT
#SOL Strong breakout from the descending channel with a bullish continuation pattern forming 🐃
Key resistance levels align with an upside target near $347.01 📈
🎯 Target: $347.01
BREAKOUT ON ITS WAY!!!
The market won't give you a clear opportunity to earn from the reversals so many times!
WATCH OUT the trend, and FOLLOW IT!!
Solana's All-Time High: Symmetrical Triangle Pattern in Play..!Solana is currently exhibiting a symmetrical triangle pattern as it approaches its all-time high of $260. This pattern typically indicates a period of consolidation, where the buying and selling pressures are in relative equilibrium. Traders and analysts are closely monitoring this development, as a breakout from this formation could lead to a significant price movement, either upwards or downwards. The potential direction of the move will depend on which side the price ultimately breaks out from. Therefore, investors must stay vigilant and watch the market closely for any signs of a breakout, as it could herald a pivotal change in momentum for Solana.
SOLANA BullishVolume up , good pattern , strong fundament. I think we will see some gains ! Like if you agree
Short trade 4Hr TF overview
Sellside trade
Sun 26th Jan 25
4.00 am
LND Session AM
Entry 255.775
Profit level 250.706 (6.07%)
Stop level 256.610 (0.33%)
RR 6.07
Reason: Based on the narrative of supply and demand on 4Hr TF and entry navigated on the internal fractal structure for trade directional bias.
Best pattern on $SOLFalling Wedges pattern.
Just look the chart, its amazing
Probably gonna hit $340 soon!
SOL/USDT pair on the 4-hour
Analysis:
1. Symmetrical Triangle Pattern:
The price chart is consolidating within a symmetrical triangle pattern. This pattern often indicates market indecision, and a strong move typically occurs once either the support or resistance line is broken.
2. Resistance Levels:
The first key resistance level is around $260–$265 (top of the triangle). If broken, the price could move toward higher levels such as $280 and possibly $300.
3. Support Levels:
The primary support level is around $240–$245 (bottom of the triangle). If this level is breached, the price might decline toward lower supports, such as $220 and $200.
4. RSI Indicator:
RSI is hovering around the middle (approximately 50), indicating no strong momentum at the moment. A breakout above 70 could confirm an upward move, while a drop below 30 might signal further decline.
5. Volume:
Decreasing volume suggests that the market is preparing for a strong move. A triangle breakout should be accompanied by increasing volume for confirmation.
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Trading Strategy:
If there is a breakout to the upside:
1. Enter a Long Trade:
Enter a buy position after a breakout and candle close above $265.
Take Profit: Initial targets could be $280 and $300.
Stop Loss: Below $260 (or below the triangle’s bottom around $245).
2. Scaling Up:
If the price reaches $280 and momentum remains strong, consider increasing your position size.
If there is a breakout to the downside:
1. Enter a Short Trade:
Enter a sell position after a breakout and candle close below $240.
Take Profit: Initial targets are $220 and then $200.
Stop Loss: Above $245.
2. Risk Management:
Risk only 1-2% of your total capital in each trade.
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General Advice:
False breakouts are common in this type of pattern, so wait for confirmation (e.g., volume increase or the next candle close).
Monitor the market closely and use risk management tools such as stop-loss orders.
JUICY SOLANASOLANA umm juicy it's in such a place shorts and longs both can be done, you to choose from, but wont be agaped to see in 6 to 8 days or maybe less to touch $320
The #1 Reason To Buy SolanaYesterday was so stressful for me its crazy
how am still up .The truth is i need to sleep more often
-
Yesterday i got a huge break through
when it comes to risk management
You see there is a problem in the financial markets
mostly they are called pump and dumps
If you dont understand risk management you
may fall victim to this type of scam
And so to help you
look at the chart i have set a buy stop order
on Solana COINBASE:SOLUSD
but you really need to act fast
because this buy stop order
wont be active for long
once the price passes that order you are cooked!!
and you wont see this type of opportunity
to buy from this price again
The reason solana is on the spot light
is because thats the protocol that this new
memecoin
launched by the president trump and first lady
melania is built on.
So enter your buy stop order now.
You next entry may not be good enough
or worse you may be part of a pump and dump
This order comes from the rocket booster strategy
if you want to learn more about this
strategy check out the references below.
Rocket boost this content to learn more.
Disclaimer:Trading is risky please learn risk
management and profit taking strategies.
Also use a simulation trading account
before you trade with real money.
Solana- Two bullish targets (320 and 380)The launch of BINANCE:TRUMPUSDT gave a boost to BINANCE:SOLUSDT with the price breaking above 220 local resistance and soaring with more than 30% to 295.
As expected after such a rally, the price entered a correction phase, and at the time of writing, Solana is trading around $260.
Symmetrical Triangle Formation: A Bullish Sign?
During this consolidation period, a symmetrical triangle pattern has emerged on the charts. This formation is often a signal of a continuation of the prevailing trend. If Solana manages to break through the triangle's resistance, it could lead to an acceleration of the upward momentum.
Potential Targets for Solana
Based on classical technical analysis, the first target is calculated using the triangle's base. This suggests a potential rise to $320. However, if we consider the momentum from the previous leg up, the target could stretch as high as $380.
Outlook: Bullish Above $200
Regardless of which target is reached, Solana remains strongly bullish as long as it holds above the critical $200 support level.
Traders and investors will want to keep a close eye on price action, especially for a breakout of the current consolidation.
$SOLANAsolana looks strong.
we are ranging for about 10 months
seeing the confirmation for trendline break and retest might a good sign to push higher.
conservative TP aroung 380-600$
but aiming 9k zone or higher is not bad.
lets ride the wave
SOLANA on SUPPLY Level? Take Profit or wait?As you can see, SOLUSDT hasnt broken all time highs nicely, instead it was a fakeout which closed below 260$ price zone.
1- I have sold here & would wait to take my entries on a higher low around 222$ price zone.
2nd - If it breaks all time high, then I would let it do that and come back to 260$ or make a higher low, then I will decide entries.
3- if it break 222$ then a lot lower prices will be expected like 200$ and 180$ at least.
For now, the market is bullish, and the first and the 2nd probability is most likely to playout.
Trade safe my friends, DYOR!
Solana: long term trends...GM gents!
Take a look at the trends that are active in the monthly and quarterly timeframe in $SOLUSDT.
The most optimistic long term scenario implies a 42 to 1 reward ratio, and gains worth more than 1700% from here...
It's easy to be swayed by short term noise and miss out on these insane gains, I have helped many people achieve such results in the past and can do it again, make sure to follow me here and in my socials.
Best of luck!
Cheers,
Ivan Labrie.
