first, it broke the local trend line in violet color further moving we have the break the long term bullish channel
sol seems to be weak against the market may get to see a nice correction in it
leading the price to near supports
the trendline which i feel Solana should follow
with the recent pump in alts I consider of a pullback from here
which we will be seeing once btc rejects from point
Trading Setup:
A Trading Signal is seen in the SOLUSDT Solana.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 30.11
⭕️SL @ 27.15
🔵TP1 @ 37.60
🔵TP2 @ 44.65
🔵TP3 @ 58.65
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please...
SOLANA (SOL) is indicating another 10-15% fall towards 64.18-60.56 from around 69.42-70.81 Range.
Possibility will get negated if SOL closes a complete 5 minutes candle above 70.81.
This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
#SOL strongly trended downwards and reached the major support level around $78.00 - $82.00. Looks like Bearish momentum slow down as candles started compressing. A short-term upmove is expected till $86.00 or high. You can looks for short-term buy but overall structure is bearish.
#SOL is been a downtrend since long time and right now price is hodling above the strong support level of $95.50 - $98.00. Currently, price is forming a descending traingle pattern, which is a bearish continuation pattern. If price break below support area, then it will continue dip till major support level at $79.00 - $82.00.
i have made this line based on some past movement
but there are not much strong due recent pump dump market the patterns are messed up
for a while follow this
dotted lines are support resistance where we have seen major price action
keep trading (bye)
price is breaking long term channel
and price is in upward direction will it break its first resistance of 105.24
if yes we may see a good rally in solana coin unless btc don't make any change in market
keep an eye on btc and solana it could be great opportunity
#SOL again rejected from the downtrend line and kissed the support of $98-$99 area. The downtrend line is the first resistance to clear. A break and close above the downtrend line is bullish and we see a move towards $116 resistance level. Keep your stop loss below $95 and hold a long position is you opened at the support.
That's my Trade
Again not a Financial advice
with sudden pump in SOL we have seen a pump but i feel this pump wont last more
there will be little correction in price which we started to see
even if it breaks resistance it has to take support back there
than will be our entry until stop and watch
