waveanalysis

UPDATE $SOL FDUSD | 06/05/2026 — 08:40

Yesterday the market was still giving 2 possible scenarios, but now the structure is becoming much clearer. Solana is currently following Possibility 2, where we are moving inside Wave 1 (Purple).

Momentum is slowly building after the recent volatility, and buyers are starting to defend key support zones. The market still has aggressive swings both up and down, but overall price action is showing stronger bullish structure compared to previous sessions.

For now, I’m staying patient and waiting for the Wave 2 correction before looking for a potential buy entry on SOL. Chasing the pump here doesn’t feel smart when a healthier retracement could provide a much better risk-to-reward setup.

As long as market structure remains intact, the next impulsive move could bring strong upside momentum. Still, crypto remains highly volatile, so risk management is everything.

Current focus:
• Wave 1 developing
• Waiting for Wave 2 pullback
• Watching support and volume reaction closely
• Bullish momentum building, but volatility remains high

This is only my personal market analysis and educational content — not financial advice. Always DYOR and trade responsibly.

#SOL #Solana⁩ #crypto #bitcoin #WaveAnalysis