SOLUSDT.P trade ideas
SOL/USDT: Inverse Head & Shoulders Sparks Bullish Buzz!💎 Hey Paradisers, let's shift our focus to SOL/USDT. On the 1-hour chart, it's shaping up an inverse head and shoulder pattern, hinting at a possible bullish turnaround.
💎 Should SOL/USDT successfully breach the neckline and overcome the 26.06 supply barrier, we could be in for an upward ride with potential resistance levels at 27.22, 28.47, and 29.09. But, if it struggles to break out and slips below the critical 23.91 level, this pattern might lose its validity.
💎Stay sharp and trade smart, ParadiseSquad!
SOL/USDT:-Potential Bullish Reversal , Price Tests Key Support ?
In this technical analysis, we'll examine the recent price action of SOL/USDT, focusing on crucial support and resistance levels.
Buying Area and Expected Price Movement:
SOL/USDT has found notable support within the range of 23.50 to 24.
Traders should closely monitor this range, as it presents an optimal buying opportunity.
Bullish Signal Confirmation:
A significant sign of bullish strength is the scenario where the price breaches the lower boundary of the range, only to be reclaimed by buyers shortly afterward.
This suggests strong buying interest and the potential for an upcoming bullish reversal.
The SOL/USDT technical analysis suggests a potentially bullish scenario as the price tests the critical support range of 23.50-24. Traders should be watchful for a bounce towards the 26-27 levels. The bullish strength demonstrated by the price reclaiming the lower boundary of the range further supports this anticipated reversal.
Follow our TradingView profile for more insights into SOL/USDT and other trading opportunities.
SOLUSDT Long setupSOL/USDT is looking to target for 29$/coin which is about 15% from here, with stop loss of 6.50%.
It's a higher risk trade so I will recommend to trade small on this
SOLANA Hourly Analysis.Solana is trading at support of Descending Triangle on Hourly Timeframe. We can plan a trade either for upside if it gives a breakout from the consolidation OR downside if its breakdown and retests.
SOLUSDT SHORT🔴
Double top , Triangle pattern
Use risk management max 5X lev to avoid big losses..sl ❌is bit higher at 4%+
Book upto 50% on first tp then use trail SL and keep booking small profits.
Sol SinkPossibly going to bleed to 6.5 within May 2023
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
SOL / USDT WILL TOUCH HIGH ?Solana, SOL could hit $6.59 in 2023
Solana’s price prediction for the most bearish scenario will value SOL at $16.03 in 2023
Solana’s previous All Time High was on 7th November 2021 where SOL was priced at $259.96
Solana’s price at the same time last week was $20.57. It has moved by -3.91% in the past week and is currently at $20.04. Infact, in the past 24 hours, SOL has dumped by -7.04%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SOL could hit $39.14 in 2024.
The total circulating supply of Solana as of writing this article was $397607780.16 and the marketcap of SOL remains at $7,970,200,997.
SOLUSDT 4H TFAfter analyzing SOLUSDT, there are indications that a potential breakout may occur in the near future
However, it's important to note that market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
Solana Price action. Solana new price action, Trends line.
If you seen my previous updates then this trends line you could be understand.
Solana Breakout Check my previous updates.
As I told you, price are same on my analysis.
Already 12% pumped. 🔥
First Target Hits. ✔
SOL_USDT 🔥Solana usdt massive pump start,
Check my previous solana analysis. 🔥
8% already pumped.
4h Time frame break out done ✔
Sol Long bhot return dene wla he. Sol is clearly look long position.
It's 4h time frame and here you can see about support and resistance on Sol usdt pair . And we are waiting for the break out.
Analysis according to the principles of ErmisEvery line has a lot of deals to get into.According to the lines, you can make a grid decision. This is a professional analysis only.
SOLANALONG SOLANA
Charts making higher lows and inverse descending triangle pattern is being formed. Also, the price is near the horizontal strong resistance line. If breaks out from here then a new zone starts for SOLANA. The trendline for lower lows can be considered a Stop-loss. CMP is lying on the support of 60 EMA and the super trend indicator also recognizes the bullish zone.
solana is looking for uptrendConfirmations
1. Inverse Head and shoulder pattern
2. Breaking and retesting of bearish trendline
#stop loss is below the low of right shoulder
#Target are set with risk reward ratio 1:1 and 1:2
SOL ( alive for a while )If the below red trend line doesn't break in daily
Then we could test resistance before 22 July
Price could reach 41.75
And if the below major support trend line ( red ) breaks then we could drop to the trend line ( white)
Market is still bearish
But there's some bullishness in a major bearishness .
SOLANA PREDICTIONMarket will go down little bit
and SL hit who open position for long then will hit upward movement approx 22.240 - 22.231 and then go down approx 18.580 usdt.
NOTE- all is in USDT pair.
