SOLUST.P trade ideas
OL pumped +10.59%, hitting all time high of $80.97 at 17:16UTCSOL/USDT (Solana to Tether) trading pair. Please note that I am not a financial advisor, and trading always involves risks. It's important to do your own research and make decisions based on your own analysis and risk tolerance.
Your provided information suggests a bullish outlook for SOL/USDT with a buy long recommendation. Here's a summary of your information:
Asset: SOL/USDT (Solana to Tether)
Trade Type: Buy Long (Future/Spot)
Entry Level: $86.35
Target 1: $88.00
Target 2: $90.00
Stop Loss: $82.80
It's essential to stay informed about market conditions, news, and any developments that might impact Solana's price. Also, be cautious about the volatility in the cryptocurrency market.
SOLANA updated move (SMC)As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it.
So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss strategy.
Our next target should be the recent high that SOLANA reached. However, it is crucial to keep an eye on Bitcoin's price movement as well.
Bitcoin often influences the overall cryptocurrency market, so any significant changes in its value could impact SOLANA's performance.Additionally, it is important to note that the current market sentiment appears to be greedy. This means that investors may be more inclined to take risks and potentially overlook potential downsides.
Therefore, it is essential to exercise caution and manage your risk accordingly.
I will continue monitoring the situation and provide updates as necessary.
SOLANA Expected move (SMC)The recent increase in cryptocurrency has resulted in a bullish trend persisting for several days now. By examining the 1-hour chart of SOLANA, we identify an area of high demand where we can strategically plan a long trade. To ensure greater certainty, we can transition to a shorter time frame after addressing the Order Block and carefully evaluating CHoCH.
Smart Money Concepts.
SOL/USDT:-A Bearish Swing leading to Long-Term Buying ?SOL/USDT:- Anticipating a Bearish Swing for Long-Term Buying Opportunity
Introduction:
In this SOL/USDT technical analysis, we'll delve into the current market conditions, potential price movements, and identify an attractive long-term buying opportunity within the cryptocurrency pair.
Liquidity Swipe Area:
Our analysis suggests that SOL/USDT may experience a liquidity swipe area around the $20.620 mark. This area could act as a pivotal point where price manipulation traps buyers before a potential fall.
Anticipated Price Decline:
We foresee SOL/USDT's price declining to the range of $12 to $14.
Traders may consider this potential dip as an opportunity to capitalize on short-term moves and manage risk accordingly.
Long-Term Buying Opportunity:
For those with a long-term perspective, the $12 to $14 price zone holds promise as a buying opportunity. Cryptocurrency markets are known for their volatility, and strategic accumulation in this range could position investors for substantial capital gains over time.
By keeping a watchful eye on these key levels and executing well-informed trades, you can navigate the dynamic cryptocurrency market with confidence.
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.
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