🚨 $SOL / USD Macro Breakdown: 4H Elliott Wave Scenarios & Key Levels! 📊
Navigating the current $SOL market structure on the 4H timeframe! As we analyze the broader Elliott Wave framework, two major possibilities are on our radar as price consolidates:
🟢 POSIBILITY 1: Wave (v) Extension (Probability: 60%)
Wave Structure: The top at $124.00 represents Wave iii/v. Current price action is forming a corrective Wave iv moving into the Fib 0.236–0.382 demand zone ($110.62 – $101.77).
Macro Targets: Once Wave iv completes, an explosive Wave v extension is projected toward $131.18 – $141.82.
Invalidation Line: $94.65 (Overlap rule). As long as price holds above this level, the primary bullish trend remains intact!
🔴 POSIBILITY 2: Deep ABC Macro Correction (Probability: 40%)
Wave Structure: The $124.50 peak completed the macro impulse cycle, initiating a broader Wave (a)-(b)-(c) corrective structure.
Confirmation Trigger: A decisive breakdown and candle close below $94.65 confirms this macro bear route.
Correction Targets: Wave (c) downside extensions toward $92.60, $84.97, and potentially $75.54.
💡 TRADING STRATEGY & GAMEPLAN
Both scenarios align on a short-term pullback toward the $110 – $101 region. We are closely monitoring price action within the $101.77 – $94.65 decision zone:
Reversal / Strong Bounce: Confirms Posibility 1 -> Accumulate for Wave v expansion.
Clean Breakdown below $94.65: Confirms Posibility 2 -> Switch to macro short/defensive spot holding.
Which scenario are you leaning toward? Let’s discuss in the comments below! 👇
Disclaimer: Not financial advice. Always manage your risk properly. 🛡️
#Solana #SOL #CryptoTrading #BinanceSquare #ElliottWave #TechnicalAnalysis #Altcoins
Navigating the current $SOL market structure on the 4H timeframe! As we analyze the broader Elliott Wave framework, two major possibilities are on our radar as price consolidates:
🟢 POSIBILITY 1: Wave (v) Extension (Probability: 60%)
Wave Structure: The top at $124.00 represents Wave iii/v. Current price action is forming a corrective Wave iv moving into the Fib 0.236–0.382 demand zone ($110.62 – $101.77).
Macro Targets: Once Wave iv completes, an explosive Wave v extension is projected toward $131.18 – $141.82.
Invalidation Line: $94.65 (Overlap rule). As long as price holds above this level, the primary bullish trend remains intact!
🔴 POSIBILITY 2: Deep ABC Macro Correction (Probability: 40%)
Wave Structure: The $124.50 peak completed the macro impulse cycle, initiating a broader Wave (a)-(b)-(c) corrective structure.
Confirmation Trigger: A decisive breakdown and candle close below $94.65 confirms this macro bear route.
Correction Targets: Wave (c) downside extensions toward $92.60, $84.97, and potentially $75.54.
💡 TRADING STRATEGY & GAMEPLAN
Both scenarios align on a short-term pullback toward the $110 – $101 region. We are closely monitoring price action within the $101.77 – $94.65 decision zone:
Reversal / Strong Bounce: Confirms Posibility 1 -> Accumulate for Wave v expansion.
Clean Breakdown below $94.65: Confirms Posibility 2 -> Switch to macro short/defensive spot holding.
Which scenario are you leaning toward? Let’s discuss in the comments below! 👇
Disclaimer: Not financial advice. Always manage your risk properly. 🛡️
#Solana #SOL #CryptoTrading #BinanceSquare #ElliottWave #TechnicalAnalysis #Altcoins