SOLUSDT 5% LONG TRADE SCALPINGThe SOL/USDT trading pair is currently presenting a promising opportunity for a 5% long trade, particularly for traders utilizing scalping strategies. The designated zone for this trade lies within the range of 179 to 181 USDT. Scalping involves making rapid trades to capitalize on short-term price movements, and this zone offers an attractive entry point for such trading strategies.
SOL, the native cryptocurrency of the Solana blockchain, has been gaining attention in the cryptocurrency market due to its innovative technology and growing ecosystem. As a result, traders are keen to seize opportunities for short-term gains by leveraging price fluctuations in SOL/USDT.
The specified zone of 179 to 181 USDT represents a region where there is significant buying interest in SOL relative to USDT. This suggests that there is a high probability of price appreciation within this range, making it an opportune moment for traders to enter long positions.
Traders looking to capitalize on this opportunity should act swiftly to avoid missing out on potential profits. Given the nature of scalping strategies, which prioritize quick trades and small profit margins, it is essential to execute trades promptly and decisively when favorable opportunities arise.
Additionally, traders should implement effective risk management techniques to mitigate potential losses. This may include setting stop-loss orders to limit downside risk and protect capital in the event of adverse price movements.
Furthermore, traders should closely monitor market conditions and stay informed about any developments or news that may impact the SOL/USDT pair. Factors such as market sentiment, technological advancements, and regulatory developments can all influence price dynamics and should be taken into consideration when executing trades.
In summary, the SOL/USDT trading pair is offering a compelling opportunity for a 5% long trade within the zone of 179 to 181 USDT. Traders employing scalping strategies should seize this opportunity promptly while implementing effective risk management techniques to optimize their trading outcomes.
Solusdt
Markets React to Rate Cut News
ETF outflows and government movement of crypto assets push price of BTC down: As we have seen in recent weeks, the price of BTC declined alongside increasing ETF outflows, as Cathie Wood’s ARK 21Shares Bitcoin (BTC) ETF experienced its first outflows, dropping from above $70K to a low of $64.5K on Tuesday. Further headwinds included the movement of 30,175 BTC by the U.S. government, sparking concerns over whether the assets would be sold or held in custody.
Equity and crypto markets impacted negatively by May rate cut doubts: U.S. equities and crypto markets dropped this week as the market ruled out a rate cut coming in May, with the expectation that the June meeting will deliver the first rate cut of the year rising to 62.3%. US manufacturing expanded in March, and the personal consumer expenditures price index accelerated in February from the previous month, suggesting the economy is continuing to grow while progress on inflation has stalled.
Altcoins and memecoins decline in response to BTC drop: Altcoins saw a heavy pullback in the wake of BTC shifting downward. AI-related tokens in particular saw some of the largest declines, while memecoins also experienced a slight correction following their strong run up in the past couple of weeks.
SBF sentenced to 25 years on seven counts of fraud and conspiracy: Sam Bankman-Fried (SBF), the founder and former CEO of the collapsed crypto exchange FTX, was sentenced to 25 years in prison last week for seven different fraud and conspiracy charges. The FTX exchange was once valued at FWB:32B at the height of the previous bull market before collapsing as it was discovered that over SEED_TVCODER77_ETHBTCDATA:8B of customer funds had been stolen.
🥩 Topic of the Week: What is Staking?
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SOLUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
wave v of (iii) was completed,
im waiting for decreasing in wave of (iv) and continuation of growth.
Entry zone: 120 - 90
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
DYOR!
GALA, the next SOL? 172% upside potentialGALA / Daily
- My friend is deep underwater, so I want to give him some hopium
- SOL went massively up this year, trend was even better once we breached the ascending channel, and then re-tested it successfully
- GALA recently broke through its ascending channel, and a correction of -36% occurred.
- If BTC holds and we close the candle above the support line, we can target $0.146 to start with
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now
just an update of the old attached idea with more data now on the macro momentum.
looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha.
or we are about to get gutted like that earlier 'fake' pump. full retrace hell.
the momentum doesnt quite look right overall for that option to me. i think first option is more likely above.
anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :)
gl
🔥SOL Is Close To The Buy Side And Trend Line SupportThe SOL price makes a local pump after test of the trendline. The biggest price support for Solana is at $16 (channel bottom and trendline).
Also pay your attention to the BUY and SELL side. If you open a trade at the bottom of the channel it would be better to close at least 30-40% at the top of it.
💥Bitcoin will show the direction for alts. So pay much attention to #1 crypto and Solana support levels.
If you bought it at the bottom of the channel and still hold, I would recommend you to not sell coins for now. At least 1 wave of growth will be soon.
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Check the links and get a BONUS🎁 from me👇
🔆 Bullish Outlook on SOL (Solana) 🔆🔍 Analysis:
Strong Performance: SOL has demonstrated significant growth over recent months, reflecting its strong fundamentals and market demand.
BTC Correlation: SOL's price movement is closely correlated with BTC's performance, suggesting potential for a substantial rebound once BTC finds support.
Entry Levels: Identified entry zones include $165-$180 and $120-$140, offering strategic points to capitalize on potential price movements.
Take Profit: Targeting resistance areas above entry points, such as $200-$220, to capture potential gains as SOL rallies.
💼 Trade Plan:
Entry Strategy: Consider entry at designated zones, prioritizing areas where SOL historically exhibited support or consolidation.
Profit Taking: Take profits at resistance levels corresponding to entry points, with $200-$220 as an example target area.
Risk Management: Implement a 5%-10% stop-loss below entry levels to mitigate downside risk and preserve capital in case of adverse price movements.
📊 Note: Stay informed about BTC's price action and broader market sentiment, as SOL's performance is closely tied to BTC's movements. Monitor SOL-specific developments and adjust trade parameters accordingly. #SOL #Bullish 🚀🌟
SOL USDT BULLISH ENTRY OF 250$ READ DESCRIPTION
Solana (SOL) stands out as a notable cryptocurrency with a market capitalization of $865 billion, securing its position as the fifth-ranked cryptocurrency by market capitalization. With a 24-hour trading volume of $40 million, SOL showcases substantial liquidity and active market participation, making it an appealing asset for traders and investors alike.
Examining SOL's price action, it currently resides within a crucial historical demand zone ranging from $192 to $194. This zone is notably attractive to major players and investors, serving as a key accumulation area. Additionally, a bullish divergence is observed within the $186 to $188 range, indicating a potential reversal in trend dynamics. Despite lower lows in prices at $186, diminishing selling volume suggests a possible trend reversal or bullish divergence, adding further weight to the bullish outlook.
From a technical standpoint, various indicators including RSI, Stochastic, Stochastic RSI, Ichimoku Cloud, Bollinger Bands, Super Trend, UT Bot Alert, SMA (10 to 200), EMA (10 to 200), HMA, and MACD all signal a robust buy sentiment. This convergence of technical signals underscores a compelling bullish case for SOL's future price movement.
Recent developments within the Solana ecosystem, particularly the introduction of the MANLET token on the Raydium project, highlight the growing decentralized finance (DeFi) landscape within Solana's blockchain. MANLET's liquidity and trading volume exemplify the increasing adoption of decentralized exchanges like Raydium and Orca, signaling a broader acceptance of Solana-based projects.
Analysts' anticipation of bullish momentum in MANLET's price trajectory further contributes to the positive sentiment surrounding Solana's ecosystem. The forecasted bullish waves and potential crossing of the $0.000006000 mark underscore optimistic prospects for the MANLET token and by extension, the Solana ecosystem.
In terms of trade strategy, targeting a profit margin of 33.5% presents an attractive opportunity for traders. With a favorable risk-to-reward ratio of 17.69%, traders can implement a disciplined approach to capitalize on SOL's potential upside while managing associated risks effectively.
By closely monitoring price movements within the historical demand zone and leveraging bullish signals from technical indicators, traders can aim to achieve profitable outcomes. Adhering to sound risk management principles and capitalizing on emerging opportunities within the Solana ecosystem are paramount to successful trading strategies in the cryptocurrency market.
In conclusion, SOL's promising fundamentals, coupled with bullish price action and favorable technical indicators, position it as an appealing asset for traders seeking lucrative opportunities in the cryptocurrency space. With prudent risk management and a keen eye on market developments, traders can navigate SOL's price movements effectively to realize profitable outcomes.
Get in on the action - Long Solana now!Solana has been on an absolute tear lately, pumping higher than Ether thanks to the higher volume driven by MEV bots and the rising popularity of Phoenix DEX.
If you're not already on the Solana train, now is the time to jump on board. The momentum is strong, and there's no telling how high Solana could go in the coming days and weeks. With all the exciting developments happening in the Solana ecosystem, this could be just the beginning of a major bull run.
So, what are you waiting for? Don't miss out on this opportunity to potentially profit from Solana's surge. Long Solana now and ride the wave to potential gains
SOL/USD & JUP/USD : Potential Long OpportunitiesIdentifying potential long opportunities in the crypto market, I'm currently monitoring BINANCE:JUPUSDT and BINANCE:SOLUSDT
BINANCE:SOLUSDT :
Entry: 197.06$ (or a close break above resistance if identified).
Stop-loss: 195.30$
Target 1: $210 (potential new high).
Target 2: $259 (longer-term bullish target).
Note: Consolidation around $210 could be a healthy sign before a further move upwards.
BINANCE:JUPUSDT :
Entry: 1.5628$
Stop-loss: 1.4500$
Target: Open-ended, aiming to hold for an extended uptrend if confirmed.
Key indicator: Price action around the 20EMA. A break below this level after a run up could indicate a potential reversal, prompting a reevaluation of the trade.
Overall strategy:
These setups prioritize risk management with clear stop-loss levels. Following price action around the moving averages will be crucial for trade management decisions.
SOL: Re-Accumulation After Decline (Decline already happened)Comparing Solana price action to this Wyckoff schematic known as "Re-accumulation After Decline" and it matches up beautifully. We should currently be in the LPS stages right before the next markup. Be careful with your entry obviously, because crypto doesn't always follow the rules, however we are definitely in a bull market and I'm looking long all day until proven otherwise, especially after finding this re-accumulation.
Suggested entry: At the bottom of this local consolidation range, which is currently sitting on top of our "lower accumulation" range highs. This needs to hold for the markup to play out. If we lose those highs, this idea will be invalidated
SOL ANALYSIS (1H)Solana seems to be forming a diametric in small time frames.
It is now in the middle of the bullish wave E of this diametric.
By maintaining the specified demand, it can move towards the target.
The first target is the red box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SOLANA UPDATES FOR THE BOYS
Here you go congrats to all haters who dislike my idea, I love them btw, they keep on boosting my ideas. well congrats maybe most of you got F-up since the fall and all you can say now is super bullish. well, you will not learn until you loss everything.
Bag holder @12$ not bad. sold at 95$. would I rebuy at 65-75$?
My idea is base on the previous, some comment there we go 145$, yes I agree but there is not straight line on making price predictions, maybe if you look at yearly that's a straight line.
Here is my other ideas for another buy Op, this is only my view.
This is not a financial advice. I will update CRYPTOCAP:SOL every time price goes to my analysis, because I have more haters than followers on this coin, hehe. Were the same I'm a holder too. don't be sad, I'm happy you earn too. but if you're on leveraging this then good luck with that thing.
Trade it or Hold it.
This is not a financial advice.
Follow for more.
SOLUSDT: Price is likely to continue to rise! SOLUSDT: Our previous analysis of SOLUSDT was conducted when the price was at $20. Given the current bullish sentiment in the cryptocurrency market, we believe that the price will continue to rise. Our revised target range is $240 to $300. However, due to the low trading volume during the Easter holidays, we recommend waiting for the market to return to normal volume before executing any trades. Please note that this analysis is specific to SOLUSDT and should not be compared to our previous analysis of BTCUSD, as the market dynamics and biases are different.
SOLANA : the king maker of this cycle ?Solana has been completely destroyed in 2022.
YTF flows express now a very telling picture: Solana was 98musd positive while ETH lost 125musd during the same period.
A few reasons to explain this phenomenon in my opinion:
- A very negative past: during 2022, Solana experienced a series of very negative events which heavily affected its price. At the lowest 2022 point, Solana was down 97% from ATH while ETH “only” suffered an 82% drawdown. This extreme reaction is probably causing now some catch up on the price (Solana is still down 86% from ATH while ETH value is -63,5%)
- A fundamental change: Solana did not market its “ETH 2.0” moment while bringing significant innovations to the chain. The dev team is still pushing things to get “Sol 2.0” up and running in the coming months. The rally leading to this anticipated moment could be like what we saw with ETH switching from PoW to PoS.
- The light at the end of the tunnel: Solana has some catalysts that are pushing the price for
o More clarity each day that passes with FTX assets liquidation procedure
o A vibrant ecosystem: the ongoing Breakpoint conference registered a record number of participants),
o An 1000+ active dev community and a 20% increase in daily active addresses on the Solana network since the beginning of the month
o Some positive news expected (the “airdrop season” from Solana defi is highly anticipated by market participants)
These points, on top of the “crypto unit bias”, are lining up to position Solana as a potential major winner of the next liquidity wave towards cryptocurrencies. On the technical analysis side: both SOLBTC & SOLETH weekly charts are above their short terms 13/25/34 EMA indicating an uptrend.
Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion...
We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction.
It may happen, may not happen. If it happens, you know what to look for!
For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline.
See below to see where we are in the Elliott Wave schematic.
What do you guys think?
Goodluck and as always, trade safe!
SOLUSDTorderbook scalp play if it arises
monster bids on eth, big sell walls on btc but the buy pressure is there
so i guess we dip a little into the big eth bids and bounce for overall market move
solana has a large bid at 184 and a large sell at 197
so this trade is based off those two factors as well as the lowtimeframe trendline things shown
deviation to the lowside on the large uptrend and retesting the lowerside of that trendline
see if the chance arises...