Writing
🚨 SOL/FDUSD Market Update — 24/04/2026 | 09:30 🚨
The market kept things painfully slow yesterday… but that kind of price action often hides structure — and now it’s starting to make sense.
🔍 Wave Structure Insight
After reviewing the chart closely, it looks like Wave 1 (pink) has already completed. What we’re seeing now is the development of Wave 2 (pink) — typically a corrective phase that can trap impatient traders.
📉 Current Bias: SHORT ONLY
At this stage, I’m not interested in long positions. The setup favors downside continuation, so my focus remains strictly on:
Identifying resistance zones
Watching for weak bullish momentum
Entering short positions on confirmations
📊 When Would I Consider LONGS?
Patience is key. I’ll only shift my bias if price approaches the green Fibonacci zone, where a stronger reaction or reversal becomes more probable. Until then, chasing longs feels like fighting the structure.
⚠️ Market Behavior Note
Slow markets often precede expansion. This kind of consolidation can be deceptive — don’t confuse low volatility with low opportunity. The move is building… it just hasn’t revealed direction to everyone yet.
💡 Game Plan
Stay disciplined
Avoid overtrading in chop
Let the structure confirm your bias
React, don’t predict
📌 This post is for educational purposes only and reflects my personal analysis of Solana. Not financial advice. Always DYOR and trade responsibly.
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