๐ฅ $SOL Daily TimeFrame Analysis: Dual Scenarios & Macro Strategy ๐ฅ
$SOL is at a critical technical junction featuring two primary Elliott Wave setups, with recent geopolitical escalations acting as a major macro catalyst shifting market sentiment toward risk-off.
๐ Two Primary Scenarios:
Possibility 1 (High Probability ~70% - Deep Impulse): The daily chart indicates we are near the end of sub-wave ii, opening the path for an impulsive Wave iii drop down to $89.75 โ $86.74, with potential Wave v extension reaching major demand at $80.00 โ $76.00. Invalidation sits above $110.57.
Possibility 2 (Low Probability ~30% - Shallow Correction): A temporary liquidity sweep holding key support at $96.00 โ $92.50 before resuming the macro trend. Invalidation sits below $90.
๐ก Spot Game Plan:
As a spot trader, holding cash is an active, strategic position. Instead of guessing, we react to price action:
if $SOL holds and prints a strong reversal pattern at $96.00 โ $92.50, a tight-risk entry for Possibility 2 opens up;
if that level breaks, we patiently wait to buy the deeper discount at $89.00 โ $76.00.
Whatโs your strategy? Holding $96 or waiting for $86? Letโs hear your thoughts below! ๐
#Solana #SOL #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
$SOL is at a critical technical junction featuring two primary Elliott Wave setups, with recent geopolitical escalations acting as a major macro catalyst shifting market sentiment toward risk-off.
๐ Two Primary Scenarios:
Possibility 1 (High Probability ~70% - Deep Impulse): The daily chart indicates we are near the end of sub-wave ii, opening the path for an impulsive Wave iii drop down to $89.75 โ $86.74, with potential Wave v extension reaching major demand at $80.00 โ $76.00. Invalidation sits above $110.57.
Possibility 2 (Low Probability ~30% - Shallow Correction): A temporary liquidity sweep holding key support at $96.00 โ $92.50 before resuming the macro trend. Invalidation sits below $90.
๐ก Spot Game Plan:
As a spot trader, holding cash is an active, strategic position. Instead of guessing, we react to price action:
if $SOL holds and prints a strong reversal pattern at $96.00 โ $92.50, a tight-risk entry for Possibility 2 opens up;
if that level breaks, we patiently wait to buy the deeper discount at $89.00 โ $76.00.
Whatโs your strategy? Holding $96 or waiting for $86? Letโs hear your thoughts below! ๐
#Solana #SOL #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
