🚀 SOL / FDUSD Update: Impulsive Drop Unfolding as Expected!
Updating our Possibility 2 structure on the 1h chart. Following the completion of the corrective bounce, price has aggressively dropped and is currently testing the 98.89 – 99.79 area, breaking below our crucial trigger level!
📊 Current Market Status & Levels:
Current Price: ~$99.79
Structure Update: The impulsive breakdown for Wave 3 is officially in progress ("IF BREAK WAVE 3 BEGIN" level breached).
Next Downside Targets (Wave 3):
Initial target box (Wave iii): $86.96 – $90
Subsequent bounce expected for Wave iv (retracing toward $90.80 – $95.28)
Final projected target for Wave v (c): $76.47 (2.618 Fib extension)
💡 Trading Plan: Position short is running in profit. Securing partial profits near the initial target box while trailing stop-losses to protect capital. Stay disciplined!
#Solana #SOL #CryptoTrading #ElliottWave #BinanceSquare
Updating our Possibility 2 structure on the 1h chart. Following the completion of the corrective bounce, price has aggressively dropped and is currently testing the 98.89 – 99.79 area, breaking below our crucial trigger level!
📊 Current Market Status & Levels:
Current Price: ~$99.79
Structure Update: The impulsive breakdown for Wave 3 is officially in progress ("IF BREAK WAVE 3 BEGIN" level breached).
Next Downside Targets (Wave 3):
Initial target box (Wave iii): $86.96 – $90
Subsequent bounce expected for Wave iv (retracing toward $90.80 – $95.28)
Final projected target for Wave v (c): $76.47 (2.618 Fib extension)
💡 Trading Plan: Position short is running in profit. Securing partial profits near the initial target box while trailing stop-losses to protect capital. Stay disciplined!
#Solana #SOL #CryptoTrading #ElliottWave #BinanceSquare
