$SOL : Elliott Wave Analysis & Key Scenarios
Solana (SOL) recently pulled back to the $100–$101 region. Here is the breakdown of two primary scenarios on the 1H timeframe:
📊 Scenario Breakdown:
1️⃣ Possibility 1: Bullish Impulse (Wave v)
Wave (iv) macro bottomed out around $101.
Currently starting Wave (v) towards $130 – $139.
Invalidation: A breakdown below $94.50.
2️⃣ Possibility 2: Corrective Relief (Wave b)
Current upside movement is a corrective Wave (b).
Target bounce zone: $110 – $116 before potential rejection.
💡 Key Takeaways & Strategy:
Both scenarios point toward short-term upside momentum toward $107 – $108 first.
$110 – $116 is the crucial decision zone:
Rejection here validates Scenario 2 (time to take profit).
A strong breakout above $116 confirms Scenario 1 targeting $130+.
What scenario are you playing? Share your thoughts below! 👇
#Solana #SOL #CryptoAnalysis #BinanceSquare #TradingSignal
Solana (SOL) recently pulled back to the $100–$101 region. Here is the breakdown of two primary scenarios on the 1H timeframe:
📊 Scenario Breakdown:
1️⃣ Possibility 1: Bullish Impulse (Wave v)
Wave (iv) macro bottomed out around $101.
Currently starting Wave (v) towards $130 – $139.
Invalidation: A breakdown below $94.50.
2️⃣ Possibility 2: Corrective Relief (Wave b)
Current upside movement is a corrective Wave (b).
Target bounce zone: $110 – $116 before potential rejection.
💡 Key Takeaways & Strategy:
Both scenarios point toward short-term upside momentum toward $107 – $108 first.
$110 – $116 is the crucial decision zone:
Rejection here validates Scenario 2 (time to take profit).
A strong breakout above $116 confirms Scenario 1 targeting $130+.
What scenario are you playing? Share your thoughts below! 👇
#Solana #SOL #CryptoAnalysis #BinanceSquare #TradingSignal