SOL | Solana Game Plan - Swing Long IdeaSOL | Solana Game Plan - Swing Long Idea
📊 Market Sentiment
Market sentiment remains bullish, supported by expectations of a 0.25% rate cut at the upcoming FOMC meeting. The weakening USD and rising risk appetite across global markets continue to favor crypto assets.
We’re currently seeing a minor retracement, primarily driven by the Nasdaq’s pullback — but the overall outlook for the crypto market remains bullish in the weeks ahead.
📈 Technical Analysis
Price was rejected from the HTF bearish trendline near $207 and is now retracing.
The retracement aligns with a HTF bullish trendline, which I believe could spark a strong move to the upside.
This area also aligns with the 0.5 Fibonacci retracement level (discount zone) and a HTF demand zone — forming a strong confluence for a potential bounce.
📌 Game Plan
I want to see price hit the HTF demand zone at $152 (purple box).
It should also tap the bullish trendline.
The zone aligns with the 0.5 Fibonacci level — my key discount area.
🎯 Setup Trigger
After these levels are tagged, I’ll be looking for a 4H bullish break of structure, which should also form a new 4H demand zone for confirmation.
📋 Trade Management
Stoploss: Below swing low of the 4H demand zone
Targets:
• TP1: $188
• TP2: $207
• TP3: $297
I’ll trail my stop to lock in profits aggressively as price moves in my favor.
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More setups and market insights coming soon — stay connected!
