I am longing $SOL/USDT for the coiming week as ive been tracking this falling wedge / descending channel on SOL after the big bounce where it hit 103$ , and structure is lining up nicely for a breakout. Because?
📊 **What I'm seeing:**
Price has been coiling inside a descending channel since wave (1), carving out a clean 5-wave corrective structure. We're now sitting near the channel's lower boundary — classic zone for a reversal. And rabbit hole event up this friday where kevin warsh is expected to turn the tables again
If bulls step in here, I'm expecting an impulsive move out of the channel targeting the $105–$110 zone (waves 2→3→4→5 projection).
🎯 **Trade Plan:**
🟢 Entry: Current zone (breakout confirmation preferred)
🎯 TP: $105 – $110
🔴 SL: Below $91
⚡ Risk-reward here is looking solid if the wedge plays out as mapped.
📌 Not financial advice — always manage your own risk and size positions responsibly. Charts can invalidate fast in crypto, so respect that SL.
💬 What's your take on SOL right now — breakout or fakeout? Drop your view below 👇
🔁 Share if this helped you spot the setup
❤️ Follow for more SOL/BTC/ETH structure breakdowns daily
#SOL #Solana #SOLUSDT #CryptoTrading #TechnicalAnalysis #Binance #BinanceSquare #CryptoSignals
📊 **What I'm seeing:**
Price has been coiling inside a descending channel since wave (1), carving out a clean 5-wave corrective structure. We're now sitting near the channel's lower boundary — classic zone for a reversal. And rabbit hole event up this friday where kevin warsh is expected to turn the tables again
If bulls step in here, I'm expecting an impulsive move out of the channel targeting the $105–$110 zone (waves 2→3→4→5 projection).
🎯 **Trade Plan:**
🟢 Entry: Current zone (breakout confirmation preferred)
🎯 TP: $105 – $110
🔴 SL: Below $91
⚡ Risk-reward here is looking solid if the wedge plays out as mapped.
📌 Not financial advice — always manage your own risk and size positions responsibly. Charts can invalidate fast in crypto, so respect that SL.
💬 What's your take on SOL right now — breakout or fakeout? Drop your view below 👇
🔁 Share if this helped you spot the setup
❤️ Follow for more SOL/BTC/ETH structure breakdowns daily
#SOL #Solana #SOLUSDT #CryptoTrading #TechnicalAnalysis #Binance #BinanceSquare #CryptoSignals
