🚀 SOL/FDUSD Analysis: Dual-Scenario Setup on 1H Chart! 📈
$SOL is currently showing a strong Elliott Wave structure (Posibility 2). Here is the breakdown of what to expect next!
💡 Market Overview & Strategy:
We have two potential paths moving forward:
1️⃣ Direct Pump: Price continues its upward momentum straight towards the major target zone at 114.53 - 120.00+.
2️⃣ Pullback First (Buy on Dip): Price completes a corrective sub-wave ABC (Pink) down into the Wave (B) Purple retest zone before launching higher.
📌 Key Levels to Watch:
🔹 Buy / Re-entry Zone (Wave B Purple / ABC Pink):
Range: $99.18 - $104.28
Fib Retracements: • 0.382 ($104.28) • 0.500 ($102.71) • 0.618 ($101.13) • 0.764 ($99.18)
🎯 Take Profit (TP) Targets:
TP 1: $114.53 (Fib 1.236 / Area Wave 5)
TP 2: $117.50 (Fib 1.414)
TP 3: $120.00+ (Fib 1.618 / Wave C / v / (c) Major)
⛔ Invalidation Level:
Major Invalidation: Breakdown below $90.25
⚠️ Disclaimer: Always apply strict Risk & Money Management. This is for educational and technical analysis purposes only, not financial advice.
#SOL #Solana #CryptoTrading #ElliottWave #TechnicalAnalysis #BinanceSquare #CryptoSignals
$SOL is currently showing a strong Elliott Wave structure (Posibility 2). Here is the breakdown of what to expect next!
💡 Market Overview & Strategy:
We have two potential paths moving forward:
1️⃣ Direct Pump: Price continues its upward momentum straight towards the major target zone at 114.53 - 120.00+.
2️⃣ Pullback First (Buy on Dip): Price completes a corrective sub-wave ABC (Pink) down into the Wave (B) Purple retest zone before launching higher.
📌 Key Levels to Watch:
🔹 Buy / Re-entry Zone (Wave B Purple / ABC Pink):
Range: $99.18 - $104.28
Fib Retracements: • 0.382 ($104.28) • 0.500 ($102.71) • 0.618 ($101.13) • 0.764 ($99.18)
🎯 Take Profit (TP) Targets:
TP 1: $114.53 (Fib 1.236 / Area Wave 5)
TP 2: $117.50 (Fib 1.414)
TP 3: $120.00+ (Fib 1.618 / Wave C / v / (c) Major)
⛔ Invalidation Level:
Major Invalidation: Breakdown below $90.25
⚠️ Disclaimer: Always apply strict Risk & Money Management. This is for educational and technical analysis purposes only, not financial advice.
#SOL #Solana #CryptoTrading #ElliottWave #TechnicalAnalysis #BinanceSquare #CryptoSignals
