SOLANA: Wave Energy on the Threshold of Impulse
Based on the current wave structure, Solana is completing its corrective phase and preparing to form a new movement. The chart shows a transition from sideways momentum to a more pronounced impulse, which could set the direction for the near term.
Primary scenario: After the correction ends, a downward impulse sequence is expected to develop. Alternative scenario: If the market consolidates above recent highs, it could continue to rise, delaying the start of a new downward wave.
Idea for traders: Watch for confirmation of the structure on lower timeframes and enter only after clear reversal signals appear.
Risk management: Use clear stop levels and adjust your plan as new impulses emerge.
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Based on the current wave structure, Solana is completing its corrective phase and preparing to form a new movement. The chart shows a transition from sideways momentum to a more pronounced impulse, which could set the direction for the near term.
Primary scenario: After the correction ends, a downward impulse sequence is expected to develop. Alternative scenario: If the market consolidates above recent highs, it could continue to rise, delaying the start of a new downward wave.
Idea for traders: Watch for confirmation of the structure on lower timeframes and enter only after clear reversal signals appear.
Risk management: Use clear stop levels and adjust your plan as new impulses emerge.
Friends, more wave analysis is available in our profile.
Subscribe to stay up to date with wave analysis!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.