FINAL WARNING: SELL WEAK HOLDINGS & LOAD UP ON $ETH
If you're serious about massive gains, now is the time to act! Ethereum ($ETH ) is primed for a major breakout, and those who move fast will be the ones to profit. Don't say you weren’t warned…
🔹 Why Ethereum? ✅ Market conditions are aligning for a surge. ✅ Smart money is flowing into ETH ahead of the next leg up. ✅ Technical indicators are flashing bullish—momentum is building fast.
If you hold strong assets, ETH should be a top priority. This is the kind of move that can accelerate your portfolio’s growth.
Will you seize the moment or watch from the sidelines?
Solana ($SOL ) stood out as one of the top altcoins of 2023-2024, delivering a remarkable 30x gain from its lowest point, even amid what many regard as a "fake" bull market in crypto. This rally wasn't a true bull market, as a real bull run typically accompanies a decline in the DXY (Dollar Currency Index). In this case, both Bitcoin and Solana surged alongside the dollar, soaking up much of the market's liquidity. When the actual bull run arrives, it’s likely that this liquidity will be redistributed.
Technical Analysis: Bearish Outlook Ahead
Solana's technical setup currently looks weak:
The coin has completed a full 5-wave Elliott Wave cycle and is now undergoing an ABC correction.
Wave A is in progress, with 5 smaller waves.
Based on the Awesome Oscillator (AO) and Fibonacci levels, Wave 5 is nearing its end, with a target of around $110.
At $110, we should look for a green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] to confirm a potential short-term bounce.
After a potential rebound to $200 (Wave B), the bear market is expected to resume, with SOL possibly dipping below $100.
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I've noticed many of you are worried about $SOL , with some predicting a drop to $50, but that seems unlikely. While some are waiting for a #Solana pump, others are hoping for a dip to get a better entry. So, is $SOL /USDT facing a reversal or just a dead cat bounce?
Currently, $SOL is trading at $124.32, showing a slight decline of -0.02% in the last 24 hours. After reaching a 24-hour high of $128.43, the price pulled back and tested support around $118.59. The market is still uncertain, with mixed signals in both volume and trend direction.
Key Levels to Watch:
Resistance: $128.43 – A breakout here could push SOL towards $138.46 and $153.39.
Support: $112.00 – A loss of this level could send the price lower, potentially down to $108.60.
Market Sentiment:
Bearish Pressure: The 7-day trend is down by -12.82%, and the 30-day loss is -37.89%, signaling ongoing weakness.
Order Book Data: 40.95% buyers vs. 59.05% sellers, showing that selling pressure is still dominant.
Trade Setup – Risk or Reward?
Long Entry: A break above $128.43 could signal a move toward $138.46.
Short Entry: A rejection at $124.00 or a drop below $112.00 could push SOL down to $108.60.
Stop-loss: Set below $110.00 to manage downside risk.
Final Thoughts: SOL is at a crucial point – will it recover, or is another decline ahead? Watch for volume and trend shifts to confirm the next move!
Trading is more than just buying and selling—it’s about understanding the market dynamics. Dive into the world of Fundamental Analysis (FA), Technical Analysis (TA), and Classical Chart Patterns to make more informed and confident trading decisions.
🔸 FA focuses on a project’s fundamentals, adoption, partnerships, and macroeconomic trends to determine an asset’s intrinsic value. 🔸 TA uses price action, volume, and indicators to forecast market movements. Recognizing chart patterns like Head and Shoulders, Double Tops/Bottoms, and Triangles helps traders act at the right moment.
Do you rely more on FA, TA, or a combination of both?
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