Trade ideas
Longing SOL from ATL's following last big distributionThe Solana blockchain is extremely fast, cheap and is backed by Alameda Research. There are currently 102 projects building on their blockchain.
Today there was a (well-known), large distribution of tokens that effectively 5x'd the circulating supply. Many of these however, will be locked or otherwise held by the team and against what many expected, this event was met by a flurry of buying. We know there are at least 4 funds lining up to buy size on the OTC markets. Both the USDT and BTC pairs made new local highs in buy volume today.
It looks as though there is a large bet being made that the SOL token will outperform Bitcoin in the coming weeks and months.
We're inclined to side with the smart money here and take our chances against the All-time lows.
Bullish market structure confirmed last week and price has now dipped into the RLZ where it met a great deal of buying interest.
We're taking up a position at this level, with more bids at lows. If price can regain the key S/R level resting above, there is a lot of room to go even within the realm of a counter trend rally.
Selling half our position at double our entry price would give us a risk-free position to ride out the cycle with.
Solana perfect setup for buying Solana is forming a symmetric triangle. SOL is respecting the triangle lines and trading inside the triangle. We will see a good bounce in SOL and a retest of the upper line of the triangle. If SOL breaks the triangle upside, we see a massive rally.
Buy zone: 5700-5900 (buy more in dips)
Target: 6500-7100-7700-8500-9300-9900-10700-11900-13500-15600
Solana can Bring Good Profits in Coming DaysSolana is one of the good projects in Crypto. and this pair could be huge in next few days.
For now we are seeing and falling wedge forming in SOL BTC Pair and also there is an bullish divergence too on daily timeframe. here's the complete trade
Entry - 0.0001085 BTC
TP1 - 0.0001244 BTC
TP2 - 0.0001390 BTC
TP3 - 0.0001598 BTC
TP4 - 0.0001750 BTC
TP5 - 0.0001888 BTC
TP5 - 0.0002020 BTC
SL - 0.0000887 BTC
Always secure partial profits with every move. DYOR before taking this trade, I would like to hear your ideas on this trade in comments below
SOLBTCBuying SOL/BTC
Sol is moving inside a bullish flag. It's DeFi and also
Sol is one of the few blockchains that supports USDC… yesterday we had VISA announcing that they will accept USDC for payments! Pretty good news. In the upcoming alt season, sol should have a good run. #DeFi
Wil surprise a lot of ppl
Entry: 0,00011200 -10810
stoplos 0,00010526
target: on the chart.
If u wanna play safe wait until the price breakout and closes above the bull flag!
SolBtc Buy Set UpIf you are a long term trader, I think this is the opportunity for you. SolBtc is making a low now because the price momentum is dying out and the bulls are about to take over. I will keep you updated if necessary. For any questions or opinions use the comment section please. Thank you.
Solana (SOL) breakout, Potential 300% gainsSolana tested the major support and bounced back from it. SOL also breaks the long downtrend and successfully hold above it. This is a good buy range for good returns. The coin has huge potential and will be big in the coming altseason.
Buy Zone: 12500-13500
Target: 14800-16300-18500-22000-25000-30000
Stop Loss: 9000
SOL / BTC 4HF Techincal analysisSOL / BTC
🌟 4H frame technical analysis 🌟
Form flag pattern
EMA 100 act as support
EMA 200 act as resistance
If ema 100 hold then we are going to restest ema 200 again
We can also see below in RSI potential hidden bullish div start in formation
Safest area to enter is after break local resistance and also break above 200 EMA
If that happens we can expect a nice jump in SOL
Good luck and happy trading 🌹
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