$SOL Technical Update: Wave (3) In Progress & Extension Risk/Opportunity! ๐
The expected breakdown from Wave (2) is playing out smoothly! Here is the step-by-step roadmap for Spot Accumulation:
๐ Current Elliott Wave Breakdown (1H):
Wave (3) Purple Target: Currently dropping toward $113.52 โ $112.50. โ ๏ธ Note: Be aware that Wave (3) can extend further, pushing price straight down into the $110.80 โ $108.00 demand zone without a deep bounce!
Wave (4) Purple Rebound: Potential relief bounce to $114.68 โ $116.43 (if Wave 3 finishes at normal target).
Wave (5) Purple Final Drop: Final leg down into the primary Discount Demand Zone ($110.80 โ $108.00).
๐ก Spot Trading Strategy: Avoid chasing the price down. Wait for the full 5-wave impulse (or Wave 3 extension) to reach the $110.80 โ $108.00 demand zone for a high-probability spot buy setup! ๐ฏ
#SOL #Solana #CryptoTrading #SpotTrading #BinanceSquare #TechnicalAnalysis #ElliottWave
The expected breakdown from Wave (2) is playing out smoothly! Here is the step-by-step roadmap for Spot Accumulation:
๐ Current Elliott Wave Breakdown (1H):
Wave (3) Purple Target: Currently dropping toward $113.52 โ $112.50. โ ๏ธ Note: Be aware that Wave (3) can extend further, pushing price straight down into the $110.80 โ $108.00 demand zone without a deep bounce!
Wave (4) Purple Rebound: Potential relief bounce to $114.68 โ $116.43 (if Wave 3 finishes at normal target).
Wave (5) Purple Final Drop: Final leg down into the primary Discount Demand Zone ($110.80 โ $108.00).
๐ก Spot Trading Strategy: Avoid chasing the price down. Wait for the full 5-wave impulse (or Wave 3 extension) to reach the $110.80 โ $108.00 demand zone for a high-probability spot buy setup! ๐ฏ
#SOL #Solana #CryptoTrading #SpotTrading #BinanceSquare #TechnicalAnalysis #ElliottWave
