đš $SOL / USD 30M: Count Invalidated â New Wave 2 Retracement Setup đš
Solana ($SOL ) bounced stronger than expected from the $116.00 low, invalidating the previous micro count and confirming a cleaner 30M Elliott Wave setup!
đ TECHNICAL ANALYSIS (30M):
âą Wave (1) Purple: Completed at $116.00 via a 5-wave sub-structure down.
âą Wave (2) Purple (Current Rebound): Price is testing the 0.618 â 0.764 Fib retracement zone ($121.76 â $123.00).
âą Wave (3) Purple Projection: Rejection from the $121.76 â $123.00 supply zone is expected to drive price down into the Wave (3) target zone at $110.10 â $108.08 (1.38 â 1.618 Fib extension).
â ïž KEY TRIGGER:
A decisive break below $112.63 confirms the onset of the heavy corrective phase!
đĄ SPOT STRATEGY:
âą De-risk / Secure Cash: The $121.76 â $123.00 bounce zone provides a prime opportunity to lock in capital and reduce spot exposure.
âą Stay Patient: Hold off on fresh spot accumulations until price tests the primary Wave (3) target zone near $110 â $108.
Protect your capital and trade the roadmap! đ§ đ°
#Solana #SOL #CryptoTrading #SpotTrading #BinanceSquare #TechnicalAnalysis
Solana ($SOL ) bounced stronger than expected from the $116.00 low, invalidating the previous micro count and confirming a cleaner 30M Elliott Wave setup!
đ TECHNICAL ANALYSIS (30M):
âą Wave (1) Purple: Completed at $116.00 via a 5-wave sub-structure down.
âą Wave (2) Purple (Current Rebound): Price is testing the 0.618 â 0.764 Fib retracement zone ($121.76 â $123.00).
âą Wave (3) Purple Projection: Rejection from the $121.76 â $123.00 supply zone is expected to drive price down into the Wave (3) target zone at $110.10 â $108.08 (1.38 â 1.618 Fib extension).
â ïž KEY TRIGGER:
A decisive break below $112.63 confirms the onset of the heavy corrective phase!
đĄ SPOT STRATEGY:
âą De-risk / Secure Cash: The $121.76 â $123.00 bounce zone provides a prime opportunity to lock in capital and reduce spot exposure.
âą Stay Patient: Hold off on fresh spot accumulations until price tests the primary Wave (3) target zone near $110 â $108.
Protect your capital and trade the roadmap! đ§ đ°
#Solana #SOL #CryptoTrading #SpotTrading #BinanceSquare #TechnicalAnalysis
