Get started

Solana

Solana Bullish · Long-Term Growth ConfirmedAfter the market bottom in April Solana has been rising slowly for four months. Look at this chart here. I am keeping it very simple because I believe simple is best. Where is Solana at now? What happens next? Solana is trading safely above EMA89 and MA200, notice the dynamics on the chart. These levels were first conquered as resistance back in July and by the 2nd of August these levels were being tested as support, they both held. SOLUSDT is trading safely above these levels and also a price of $172 which is the 0.382 Fib. extension of the current wave. This is an important zone and the action is happening safely above it. Solana has room to move around, wiggle around. This is what happens as prices grow. There can be stops and retraces but this does not mean that the rise is over, there is always more. Solana just conquered the EMA89/MA200 duo-resistance recently, we have not yet seen what is possible now that the trading is happening on the bullish zone. We are due a major advance... The market is consolidating, building up strength to be able to grow long-term. Namaste.
Long
by MasterAnanda
2
KERNEL/USDT – Symmetrical Triangle Nearing a Major Breakout?📝 Overview KERNEL price is currently trading around $0.2228, consolidating inside a symmetrical triangle on the daily timeframe. This pattern indicates a period of equilibrium between buyers and sellers, where volatility contracts before a decisive move. While symmetrical triangles often act as continuation patterns, they can also trigger reversals if confirmed by strong volume. 📐 Pattern & Chart Structure After dropping to a low of $0.0931, KERNEL staged a strong rebound. Since July–August, the price has been compressing into a series of higher lows and lower highs, forming a classic symmetrical triangle. Key levels to watch: 🔹 Minor resistance: $0.2393 🔹 Key resistance: $0.2565 🔹 Major resistance: $0.3270 🔹 Dynamic support: $0.210 – $0.218 (triangle bottom) 🔹 Further supports: $0.190 – $0.170 --- 🚀 Bullish Scenario (Upside Breakout Potential) 1. A break and daily close above $0.234–$0.236 would be the first confirmation of bullish continuation. 2. With strong volume, upside targets are: 🎯 TP1: $0.2393 🎯 TP2: $0.2565 🎯 TP3: $0.290 – $0.300 (triangle measured move, approx. $0.06) 🎯 Extended target: $0.3270 (major resistance zone) 3. Ideal confirmation: successful retest of the breakout zone ($0.230–$0.235). 4. Bullish invalidation: price closes back inside the triangle after a breakout. --- 🐻 Bearish Scenario (Downside Breakdown Risk) 1. A daily close below $0.216–$0.218 would signal bearish momentum. 2. Downside targets if breakdown occurs: ⚠️ Support 1: $0.210 ⚠️ Support 2: $0.190 ⚠️ Support 3: $0.170 ⚠️ Extreme case: retest of $0.0931 low 3. Bearish invalidation: quick rebound back above $0.224–$0.226 after breakdown. --- 📌 Key Notes The triangle is getting tighter, meaning a major breakout is imminent. Direction depends heavily on volume confirmation. Traders should wait for a daily close outside the triangle before entering. Always apply risk management since false breakouts are common in this pattern. --- ✨ Conclusion KERNEL/USDT is at a critical point inside a symmetrical triangle. A breakout above $0.236 could open the path to $0.2565 and potentially $0.3270. On the other hand, a breakdown below $0.217 may trigger further downside toward $0.190–$0.170. 👉 The market is at a decision point — watch closely for the next big move. #KERNELUSDT #KERNEL #CryptoAnalysis #SymmetricalTriangle #Breakout #PriceAction #Altcoins #TechnicalAnalysis #DailyChart #SupportResistance #CryptoTA #DYOR
Long
by CryptoNuclear
SOLUSDT 4H✅ SOL/USDT — 4H (Binance) | Aug 20, 2025 — Professional Technical Read 🔎 Chart context • Structure is broadly bullish since early Aug, but the last leg printed a lower high → pullback into a 4H demand/FVG block. • Price now ~180.7 inside that block. Two paths are drawn on your chart: a reaccumulation → breakout to 210 or a loss of demand → sweep 158. 📍 Key levels (approx.) • Supply / liquidity above: 200–210 (major liquidity line marked 210.00). • Decision block (current): ~175–183 (4H demand/FVG; prior breakout origin). • Pivot / CH reference: ~194–196 (CH 4H label — reclaim turns momentum cleanly bullish again). • Support below: ~158 (tagged on chart), then 150–145 (deeper old base). 🧭 Market structure & liquidity map • After the CH 4H and rally to the recent peak, price created a higher low around ~165–168, then a spike to ~205, and is now mitigating the 175–183 block. • Wicks show responsive buyers at the upper edge of the block, but the midline is soft; a clean close below ~175 likely exposes the resting liquidity at 158. • Above, buy‑side liquidity sits over 200 with a cluster around 209–210 (equal‑highs feel). 📈 Bullish continuation (probable if 175–183 holds) Conditions: • Hold 175–183 with a 4H HL and impulsive reclaim of ~188–190, then CH area ~195. Path & targets: 1. Trigger reclaim: 188–190 → momentum confirmation above 195 (CH 4H). 2. TP1: 198–200 (partial). 3. TP2: 205–206 (prior swing). 4. TP3: 209–210 (liquidity sweep). Invalidation: a 4H close below 175. 📉 Bearish continuation (activated on loss of demand) Conditions: • 4H close below 175 or failed bounce capped under 188–190. Path & targets: 1. Pullback/failed retest into 182–186 (sell zone). 2. TP1: 168–166 (intermediate shelf). 3. TP2 (main): 158 sweep (your downside tag). 4. Extension (if momentum persists): 150–145 mitigation. Invalidation: sustained reclaim >195. 🎯 Trade plans (system‑agnostic
Long
by Ikeyhan
Solana tests supportAfter a solid recovery from the daily 200MA, Solana has retraced from its local high around $210. Currently trading around $180, previous resistance and potential support, if the bulls can reclaim $184, we may see a recovery towards $206. Potential resistance can be expected around $190 first. Continued short-term weakness from current levels could see price test $170 - $175 as support. Considering that a new high was created and price is trading above the daily 200MA, the market could be signaling strength and potential for further bullish momentum.
COINBASE:SOLUSDLong
by RayneOnChain
Solana: $178 Holds - Next Step To $200+📈 Solana (SOL/USD) – Technical Review — August 2025 - Support at $178 (20-day EMA) is keeping the price from falling. A rebound from this zone provided growth to $190-195. The current price is around $193. - Technical “Buy” signals: Bitget is a pure BUY on the daily chart (13 Buy vs 4 Sell), TipRanks — Strong Buy, TradingView — Buy (weekly and monthly timeframes). - Market volumes and dynamics: Growing trading volumes and maintaining upward dynamics confirm the upward momentum. - Next growth targets: the nearest resistance is $200-205. A breakout of this range will open the way to an extension of the movement to the $220-250 area. Conclusion: SOL is showing a solid bullish trend. Key area to watch is $178-$180: holding above confirms upside potential to $200+. Breakout of $200 will open the way to new highs. Recommendation: - Buy on dip: rebound from $178 - Buy breakout: on volume breakout of $200 - Stop-loss: can be placed below $178 - Targets: $200 → $220 → $250
CRYPTO:SOLUSDLong
by Trade_Hive_Signals
Why Is Crypto Tumbling? A Trader's Guide to the Recent Sell-OffWhy Is Crypto Tumbling? A Trader's Guide to the Recent Sell-Off 📉 🚨 If you're watching the markets today, you've seen the sea of red. Bitcoin, Ethereum, and major altcoins have experienced a significant pullback, leaving many to wonder about the cause. While sharp drops can be unsettling, for the strategic trader, they are critical moments to analyze, not to panic. The current downturn isn't random; it's driven by a convergence of clear geopolitical, technical, and macroeconomic factors. Here’s a breakdown of what’s happening behind the charts: 1. Geopolitical Uncertainty 🌐 High-stakes diplomatic meetings are underway involving the US, EU, and Ukrainian leaders to discuss the Russia-Ukraine peace deal. Markets inherently dislike uncertainty. As traders await a clear outcome, many are de-risking their portfolios, leading to selling pressure on assets like cryptocurrencies. 2. A Healthy Market Reset 📊 The crypto market just came off a powerful rally where many assets saw gains of 50-100%. This rapid rise led to a buildup of high-leverage positions. Today's dip is forcing a "leverage flush," liquidating over-extended traders. While painful for some, this is a standard market mechanism that washes out speculative excess and often creates a more stable foundation for future growth. 3. Shifting Macroeconomic Tides 📉 Just a week ago, a September interest rate cut was seen as a certainty. Now, recent economic data has slightly lowered those odds. Financial markets, including crypto, are incredibly sensitive to central bank policy. The market is now pricing in this small but significant shift in expectations, contributing to the downward pressure. The Trader's Perspective: Opportunity in Volatility 💡 So, what does this all mean? It underscores a core principle of successful trading: volatility has a source. For the prepared trader, this isn't a signal to abandon ship. It's a signal to consult your strategy. This is precisely the kind of environment where a clear, data-driven forecast becomes invaluable. By understanding the root causes of the sell-off, you can better anticipate market structure, manage risk, and identify potential zones of support where "smart money" may begin to re-accumulate. This is where the difference between a professional and a novice trader becomes clear. Experienced traders welcome every correction or pullback in the market, seeing it as an opportunity to re-enter and profit from the next upward wave. 📈 Therefore, instead of worry and stress, shift your focus to finding key reversal points and defining new entry zones (Watchboxes) for future trades at more attractive prices. View this price correction as a strategic opportunity, not a threat. 🚀 What are your thoughts on this pullback? Are you seeing it as a risk or an opportunity? Let's discuss in the comments. 👇 Trade Smart! Navid Jafarian
BINANCE:BTCUSDEducation
by Navid_Jafarian
42
SOL - Breakout or Rangebound?For me this chart is quite simple with two options, a bullish and bearish scenario. SOL is currently rangebound but the massive momentum in the broader market has opened the door to a potential breakout of this trading environment. To look at the context of the chart we has a clear push from the midpoint up to range high, very little in the way of pullbacks until price breaks up above the old local high. We know that generally stop losses hide behind a key high or low and so price trading into it with such momentum is something to note when entering a trade at this level. Liquidations for SOL are currently 50:50 long and short and so this balance shows no clear liquidation event in one particular way, at least not yet. Bullish scenario - SOL continues the rally above the range, strong volume to confirm that price is ready to expand beyond the area that failed in the past. A retest of $206 with a strong bounce gives this move a higher probability and proof buyers are still willing to buy at the level. Idea is invalid should price accept back below the range high, signifying buyers are not ready to sustain rally continuation. Bearish scenario - Price accepts below range high and shows that buyers are not willing to expend beyond the range. Naturally a retreat would then follow as the bears defend the same point that they successfully defended in the past (range high). Any price action that resembles chop within the red box would be a non action area as there is an area of balance giving no clear clue of direction either way.
BITSTAMP:SOLUSD
by ProR35
3
AMPUSDT — Accumulation at Demand Zone, Preparing for Breakout?🔎 Full Analysis Currently, AMP/USDT is consolidating within a long-term accumulation range above the 0.00315 – 0.00360 demand zone (yellow box). This area has been tested multiple times since early 2024 but remains intact, signaling strong buying interest and accumulation. The price action is forming a rectangle range pattern, with shrinking volatility — a typical sign that the market is storing energy before a major breakout move in either direction. --- 🧩 Market Structure & Pattern Main Pattern: Rectangle Base / Accumulation Key Observations: Strong demand around 0.00315 – 0.00360 Multiple “equal lows” → liquidity build-up Nearest resistance: 0.00408 and 0.00469 Interpretation: As long as the demand zone holds, the bullish reversal scenario remains on the table. --- 📈 Bullish Scenario 1. Initial Confirmation: Holding above 0.00354 and securing a 4D close above 0.00408 will trigger the first bullish signal. 2. Breakout Validation: A strong close above 0.00469 opens the door for higher targets: 🎯 0.00675 (short-term target) 🎯 0.00750 – 0.00814 (major supply zone) 🎯 0.01092 → 0.01255 (mid-term rally target) 3. Measured Move Projection: The range height (0.00354 → 0.00469 ≈ 0.00115) projects a conservative breakout target near 0.00585. --- 📉 Bearish Scenario 1. Rejection: Failure to reclaim 0.00408 – 0.00469 will keep the market sideways with bearish pressure building. 2. Breakdown: A 4D close below 0.00354 confirms a bearish breakdown. 3. Downside Targets: ⚠️ 0.00242 (major support, marked “Low”) ⚠️ Below this level, the next psychological target sits around 0.00200. --- 🎯 Outlook & Conclusion Current Bias: Neutral → Bullish as long as demand zone holds. The 0.00315 – 0.00360 zone remains the last defense and major accumulation area. Breakout above 0.00469 could spark a strong impulsive rally. Breakdown below 0.00315 invalidates the bullish view, shifting focus to 0.00242 – 0.00200. > 📌 Note: Wait for 4D candle close for validation — wicks alone are not reliable. Watch volume to confirm breakout strength and avoid fakeouts. #AMP #AMPUSDT #CryptoAnalysis #PriceAction #SupportResistance #Breakout #Accumulation #AltcoinAnalysis #CryptoTrading #TechnicalAnalysis
Long
by CryptoNuclear
Solana - Don't miss it General background and conclusions Solana is showing a pre-split state - neutral with an upward slope, holding above MA-200 and receiving confirmation from structural patterns. Technical signals point to the importance of the $188 level: its breakout will open the way to $200-206 and potentially to $247. In the short term, growth to $180 is possible if the direction is confirmed. In the absence of volumes and strength, a downward movement to the lower support of $160 and further is possible. Recommendations Strategy "buy on breakout": entry at the close and holding above $188 with a target of $200-206. Alternative: buy on dip to $160 in case of a technical rebound. Stop loss: it is reasonable to place it just below $160. Additional monitoring: It is important to monitor the dynamics of volumes, price behavior around $188, as well as the development of fundamental drivers (ETF, Firedancer, etc.) in order to clarify the movement scenario.
CRYPTO:SOLUSDLong
by Trade_Hive_Signals
Solana: $178 to $200+ - The Next Level on the PathSOL/USD Technical Review Support around $178 (20-day EMA) is holding the price, indicating high buying interest. The key resistance level is $185–$189. A breakout of this range will open the way to targets of $200–206, possibly even $220 if the momentum continues. Pattern formation: an upward reversal from the $160 zone (lower Bollinger band + Fibonacci) is recorded, which completes the ABC correction and launches a new wave impulse. Upside potential is towards $180. Trend and on-chain indicators: a decrease in the balance on exchanges, an increase in TVL and growing institutional interest (ETF) create a solid base for moving higher.
CRYPTO:SOLUSDLong
by Trade_Hive_Signals
SOL Volatility Period: Around August 18 Hello, traders! Follow us to get the latest information quickly. Have a great day! ------------------------------------- (SOLUSDT 1M Chart) If the price stays above the M-Signal indicator on the 1M chart, the uptrend is expected to continue. If it falls below 126.36, you should stop trading and observe the movement. Since the HA-High indicator is forming at 179.74, the key question is whether it can find support near this level and rise. The start of a stepwise uptrend is likely to begin with a rise above 237.60, the DOM (60) indicator level. Therefore, the key point to watch is whether it can find support in the 179.74-237.60 range. The DOM (60) indicator indicates the end of a high, while the HA-High indicator indicates a decline from a high. Therefore, the 179.74-237.60 range can be considered a high boundary zone. When the DOM (60) or HA-High indicator first forms, a decline is likely. If the decline is followed by a rise near the HA-High or DOM (60) indicator, the likelihood of an upward breakout increases. Therefore, if support is found around 179.74 this time, it is highly likely to lead to an attempt to rise above 237.60. - (1W chart) The key area to watch on the 1W chart is whether the price can break above the 202.45-222.61 level. If the price breaks above the 202.45-222.61 level and maintains its upward momentum, a stepwise uptrend is likely to begin. - (1D chart) The key area to watch on the 1D chart is whether the price can find support around 179.53-183.04 and rise above 205.70. The 183.04 point is the HA-High indicator level, and the 205.70 point is the DOM (60) level. If it falls below 183.04, it is expected to meet the M-Signal indicator on the 1W chart and re-establish the trend. Ultimately, the price must remain above the M-Signal indicator on the 1M chart to maintain a strong uptrend. Therefore, looking at the bigger picture, we need to determine whether the 126.36-179.53 range provides support and allows for an upward movement. SOL's current volatility period is around August 18th (August 17th-19th). At this time, we should look for a direction in which it deviates from the 183.04-205.70 range. ------------------------------------------------- Only the concept of price moving averages, which I learned while studying chart analysis, is applied to the M-Signal indicator on the 1M, 1W, and 1D charts. The rest of the explanation cannot be interpreted using existing chart analysis techniques. This is because the HA-Low and HA-High indicators were developed for trading on Heikin-Ashi charts, while the DOM(60) and DOM(-60) indicators are a comprehensive evaluation of the DMI, OBV, and MOMENTUM indicators. Therefore, to interpret my charts, you must apply the concepts of support and resistance points. It's not that my chart explanations lack logic; they simply seem illogical because they can't be interpreted using existing interpretation methods. Chart analysis should be as simple and concise as possible. If you spend too much time analyzing charts or trying to apply complex theories, you will lack time to develop a trading strategy, increasing the likelihood of your trades going in the wrong direction. To interpret my chart, all you need is a basic understanding of price moving averages and support and resistance. Support and resistance points are determined by the horizontal lines of the DOM(60), HA-High, HA-Low, and DOM(-60) indicators. The DOM(60) and HA-High indicators mark highs, while the HA-Low and DOM(-60) indicators mark lows. Therefore, a basic trading strategy can be used: buy when the price rises from the DOM(-60) to HA-Low range, and sell when it reaches the HA-High to DOM(60) range. However, if the price rises above the HA-High to DOM(60) range, a stepwise uptrend is likely, while if the price falls below the DOM(-60) to HA-Low range, a stepwise downtrend is likely. Therefore, a segmented trading strategy should be adopted. - The basic chart for chart analysis is the 1D chart. Therefore, it's best to trade in line with the trend of the 1D chart. Therefore, the position that matches the trend of the 1D chart becomes the main position. So, since the current trend of SOL's 1D chart is up, the LONG position becomes the main position. To trade based on the trend of the 1D chart when trading futures, you need to set low leverage. Therefore, when trading based on the timeframe chart you're viewing, increase your investment proportion when trading in line with the trend of the 1D chart. Conversely, when trading in the opposite direction, reduce your investment proportion and execute short, quick trades. - Thank you for reading to the end. I wish you successful trading. -------------------------------------------------- - This is an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I will explain in more detail when the bear market begins. ------------------------------------------------------
by readCrypto
SOLANA: THE ULTIMATE TECHNICAL CONVERGENCE..📊 THE TRADING PLAYBOOK 🛡️ CONSERVATIVE SUPPORT PLAY Setup: Buy at Fibonacci support levels🚨 Entry: $158-$165 (0.618-0.5 zone) 🌟 Stop: $140 (Below all major support) ❌ Target: Tp1 : $200(25% gain) 💰 Tp2 : $232 (40% gain) 💰 ⚡ Position Size: 3-5% of portfolio ⚡ Time Horizon: 3-6 weeks 🎯 ______ NOTE _______ DYOR ⚠️ Not financial advice. This analysis is for educational purposes only. Always do your own research and never risk more than you can afford to lose. #SOLANA #SOL #SymmetricalTriangle #Fibonacci #Breakout #Crypto #TechnicalAnalysis #AltSeason #DeFi #MemeCoins #TradingSetup
Short
by ONE1iMPACT
1
SOLUSDT 4H 🔎 Chart Context • Pair: SOL/USDT • Exchange: Binance • Timeframe: 4H (240M) • Date: 16 August 2025 This chart uses price action + liquidity concepts (CH, FVG, liquidity grabs, demand zones) for projection. 📊 Key Observations 1. Recent Highs & Lows • Swing High: 209.86 • Previous High: 206.30 • Previous Lows: 173.43, 175.63, and 161.13 These levels represent liquidity points where orders are clustered. 2. Change of Character (CH 4H) • Around 195.26, a CH (Change of Character) has been marked. • This suggests that the bearish trend shifted into bullish momentum after reclaiming higher highs. 3. FVG (Fair Value Gap) • The current price is retesting the FVG zone after rejecting from 209.86. • FVG zones typically act as rebalancing levels where price either consolidates or launches into the next move. 4. Demand Zones • 173.43 – 177.73: Strong demand area with previous accumulation. • 155.83 – 157.23: Deeper demand zone that may act as a long-term support if the market drops sharply. • Current reaction shows bulls protecting 173–177 zone. 5. Upside Target • Next projected liquidity pool is at 219.73. • This is above the 209.86 high, indicating liquidity sweep potential and continuation of bullish trend. 📈 Bullish Case (High Probability) • Price held the FVG + demand block around 173–177. • Higher High (209.86) confirmed a bullish structure. • If momentum sustains, target = 219.73, where liquidity above old highs is likely to be taken. • Expect potential retracement back to 195–197 before pushing up. 📉 Bearish Case (Low Probability but Possible) • If SOL fails to hold 173–177 demand zone, we may see a deeper retracement toward 161–157 support zone. • Losing that level would invalidate the bullish structure and turn the chart back into distribution mode. ⚡ Trading Plan • Entry (Long): Accumulation around 173–177 (FVG/Demand zone). • Target 1: 195–197 (partial take-profit). • Target 2: 209.86 (previous high). • Target 3 (final): 219.73 (liquidity sweep zone). • Stop-loss: Below 173 (safe stop), or aggressive stop below 182.70 minor structure
Long
by Ikeyhan
BGB/USDT — Symmetrical Triangle: Breakout or Fakeout?Overview BGB/USDT is consolidating within a symmetrical triangle pattern (descending resistance + slightly ascending support) as volatility narrows toward the apex. The price is currently around 4.58, after a rejection near the upper trendline — possibly a liquidity grab. This setup usually precedes a strong move once a valid breakout or breakdown occurs. --- Pattern Explanation Type: Symmetrical / contracting triangle Key characteristics: Shrinking volatility, lower highs + higher lows, volume gradually decreasing. Context: The structure formed after a strong correction from highs, which often implies a continuation bias unless a clear bullish breakout emerges. --- Key Levels Current price: 4.58 Near-term resistance: 5.03 → 5.60 → 5.99 Major resistance zones: 7.62 → 8.11 → 8.50 (ATH zone) Support: Triangle base (dynamic support around 4.0–4.4), then 3.60 and 3.00 if breakdown continues. --- Bullish Scenario (confirmation required) Confirmation: Daily close above the upper trendline with strong volume and successful retest. Entry idea: Conservative entry above 5.03 with retest confirmation. Targets: TP1: 5.60 TP2: 5.99 Aggressive: 7.62 → 8.11 → 8.50 Measured move projection: (8.50 − 3.60 = 4.90). Breakout from ~5.03 could project up to 9.93 (theoretical target). Invalidation: Failure to hold above 5.03 or a rejection back inside the triangle. Stop-loss: Below retest breakout (~4.40) or below triangle support. --- Bearish Scenario (confirmation required) Confirmation: Daily close below triangle support with above-average volume. Entry idea: Short entry after breakdown + failed retest. Targets: TP1: 4.00 TP2: 3.60 TP3: 3.00 (if strong continuation). Invalidation: Daily close above the upper trendline or reclaim above 5.03. Stop-loss: Above failed breakout level or triangle resistance. --- Things to Watch Volume: Breakouts without volume are often fakeouts. Retest: Strong confirmation if old resistance turns into new support (bullish) or old support flips into resistance (bearish). Daily candle close: Wick alone is not reliable; wait for candle close. Market correlation: BTC and ETH trends may influence BGB’s breakout direction. --- Risk Management Notes Limit risk per trade (1–2% capital). Use scaling entries if breakout is sharp. Always set stop-loss and take-profit in advance. Be cautious of false breakouts — triangles often fake one side before moving in the opposite direction. --- Conclusion: BGB/USDT is consolidating in a symmetrical triangle, signaling a potential big move ahead. For bulls, watch for a close above 5.03 with volume. For bears, confirmation comes with a close below triangle support. Until then, the setup remains neutral. > Disclaimer: This is not financial advice. Do your own research and manage risk accordingly. #BGBUSDT #CryptoAnalysis #TechnicalAnalysis #SymmetricalTriangle #Breakout #SupportResistance #SwingTrade
Long
by CryptoNuclear
WALUSDT — Breakout or Breakdown? Golden Pocket the Key!Quick Context: Since May, price has formed a series of lower highs connected by a descending trendline (yellow). Beneath it lies a strong demand zone at 0.406–0.420, aligning with Fibonacci 0.5 (0.419) and 0.618 (0.407) — the golden pocket. Current price is around 0.435, pressing against the trendline and approaching the apex of the pattern. Pattern & Key Levels Main Pattern: Descending Triangle (downward-sloping top, relatively flat base/zone). Theoretically slightly bearish, but since it sits right on the golden pocket with compression, the probability of an impulsive breakout in either direction is high. Major Demand / Support: 0.406–0.420 (golden pocket + base). Immediate Resistance: descending trendline + 0.44–0.46 area. Next resistance targets (yellow dashed lines): 0.484 → 0.542 → 0.674 → 0.732. Downside supports if broken: 0.380 → 0.350 → 0.296. Bullish Scenario 1. Confirmation: Daily close above the trendline and ideally > 0.460 (clear breakout confirmation). 2. Healthy Retest: Pullback to 0.44–0.46 / trendline, now acting as support. 3. Step Targets: T1: 0.484 T2: 0.542 T3: 0.674 T4: 0.732 4. Bullish Invalidation: Daily close back below 0.420; strong invalidation if < 0.406 (loss of golden pocket). Bearish Scenario 1. Rejection: Fails to break 0.44–0.46 / trendline and turns down. 2. Weakness Confirmation: Daily close below 0.406 (loss of base + golden pocket). 3. Downside Targets: S1: 0.380 S2: 0.350 S3: 0.296 4. Bearish Invalidation: Daily close above 0.460 with a successful retest flips bias to bullish. Execution Notes Apex Break: The closer price gets to the apex, the higher the risk of false breaks — always wait for a daily close to confirm. Volume: A valid breakout should be accompanied by increasing volume. Risk Management: Place stops beyond the invalidation zones of your chosen scenario (below 0.406 for breakout longs; above 0.460 for rejection shorts). > Summary: WALUSDT is being squeezed between the descending trendline and golden pocket 0.406–0.420. A daily close above 0.460 could open the path to 0.484/0.542, while a breakdown below 0.406 may trigger a drop towards 0.380–0.350. Not financial advice; purely for educational and technical reference. #WALUSDT #Walrus #CryptoTA #PriceAction #DescendingTriangle #Fibonacci #SupportResistance #Breakout #RiskManagement
Long
by CryptoNuclear
1