$SOL / FDUSD Market Update: April 24, 2026
Following a period of slow market consolidation, the latest technical structures for Solana suggest a shift in short-term momentum.
Technical Breakdown: The Wave Structure
Based on current Elliot Wave observations, the market appears to have completed Wave 1 (Pink). We are now transitioning into Wave 2 (Pink), which typically signifies a corrective phase.
Trading Strategy: Bias & Entry Zones
Current Stance: I am maintaining a Short-only bias for the immediate term. The price action does not currently support high-probability long entries.
Waiting for Support: I will remain sidelined regarding Long positions until the price approaches the Green Fibonacci Demand Zone.
Patience is key in this environment. Waiting for the market to reach high-confluence support areas is essential for managing risk effectively.
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