$SOL / FDUSD 4H Analysis: Possibility 2 — Deeper Corrective Wave Ahead?
Solana ($SOL ) has tapped into our targeted resistance zone on the 4H timeframe, completing Wave b of its ongoing corrective pattern. We are now monitoring a potential impulse drop in Wave c / Wave iv before the larger macro rally resumes! 📊
🔍 Technical Structure Breakdown
Wave b Completion: The corrective bounce met strong selling pressure around the 0.618–0.764 Fibonacci retracement zone ($105.73 – $107.64), marking the local top of Wave b.
Wave c / Wave iv Projections: A breakdown from current levels targets the major demand cluster below:
Target 1 (AREA A): $96.77 (0.382 Fibo) — First major support level.
Target 2 (Ideal Wave iv Bottom): $92.45 (0.5 Fibo) down to $91.73.
Macro Horizon (Wave v Target): Once Wave iv completes its correction around $91.73–$92.45, the long-term trend points toward Wave v / (c) targeting $117.50+.
Scenario Invalidation: A clean breakdown below $91.73 invalidates this specific Possibility 2 wave structure.
💡 Strategy & Execution Plan
Short Traders: Consider taking partial profits (50% TP) around $96.77 (Area A) and moving Stop Losses to Breakeven (SL+) to keep the remaining position risk-free.
Spot / Long Traders: Exercise patience! The ideal re-entry zone for a high-reward Long setup sits inside the $91.73 – $96.77 demand box to capture the upcoming Wave v expansion toward $117.50.
⚠️ Disclaimer: For educational purposes only. Not financial advice. Always manage your risk and DYOR!
💬 Do you think $SOL will hold above $92.45 for a bounce to $117.50, or break lower? Drop your thoughts below! 👇
#Solana #SOL #CryptoTrading #TechnicalAnalysis #ElliottWave #BinanceSquare #Altcoins #CryptoAnalysis
Solana ($SOL ) has tapped into our targeted resistance zone on the 4H timeframe, completing Wave b of its ongoing corrective pattern. We are now monitoring a potential impulse drop in Wave c / Wave iv before the larger macro rally resumes! 📊
🔍 Technical Structure Breakdown
Wave b Completion: The corrective bounce met strong selling pressure around the 0.618–0.764 Fibonacci retracement zone ($105.73 – $107.64), marking the local top of Wave b.
Wave c / Wave iv Projections: A breakdown from current levels targets the major demand cluster below:
Target 1 (AREA A): $96.77 (0.382 Fibo) — First major support level.
Target 2 (Ideal Wave iv Bottom): $92.45 (0.5 Fibo) down to $91.73.
Macro Horizon (Wave v Target): Once Wave iv completes its correction around $91.73–$92.45, the long-term trend points toward Wave v / (c) targeting $117.50+.
Scenario Invalidation: A clean breakdown below $91.73 invalidates this specific Possibility 2 wave structure.
💡 Strategy & Execution Plan
Short Traders: Consider taking partial profits (50% TP) around $96.77 (Area A) and moving Stop Losses to Breakeven (SL+) to keep the remaining position risk-free.
Spot / Long Traders: Exercise patience! The ideal re-entry zone for a high-reward Long setup sits inside the $91.73 – $96.77 demand box to capture the upcoming Wave v expansion toward $117.50.
⚠️ Disclaimer: For educational purposes only. Not financial advice. Always manage your risk and DYOR!
💬 Do you think $SOL will hold above $92.45 for a bounce to $117.50, or break lower? Drop your thoughts below! 👇
#Solana #SOL #CryptoTrading #TechnicalAnalysis #ElliottWave #BinanceSquare #Altcoins #CryptoAnalysis
