🔥 SOLANA $SOL Elliott Wave Impulsive Down Scenario (Possibility 1) 🔥
Solana ($SOL ) is currently consolidating between $99 – $102, building up liquidity ahead of high-impact macro events. Looking closely at the 4H chart structure, Possibility 1 is taking center stage as the primary scenario.
Technical Breakdown (Possibility 1):
Wave (2) Retest Completed: Price reacted precisely at the Fibonacci 0.5–0.618 Golden Zone ($101.94 – $102.82), showing strong seller presence and rejection.
Incoming Impulsive Wave (3): As long as price stays below the invalidation level, SOL is primed to enter Wave (3)—typically the most aggressive move in an Elliott Wave sequence.
Key Targets & Levels:
Short-term TP / Liquidity Sweep: $98.00
Wave (3) Target Zone: $89.75 – $86.74 (Fib 1.38 - 1.618)
Invalidation Level: $106.93 (Strict SL boundary)
Execution Strategy: Holding short exposure to capitalize on the Wave (3) leg while keeping DCA limit orders strictly in the lower discount/demand zone ($89 – $95).
Trade with a clear plan and strictly manage your leverage! ⚡
#Solana #SOL #CryptoAnalysis #ElliottWave #SpotSafeCapital #BinanceSquare
Solana ($SOL ) is currently consolidating between $99 – $102, building up liquidity ahead of high-impact macro events. Looking closely at the 4H chart structure, Possibility 1 is taking center stage as the primary scenario.
Technical Breakdown (Possibility 1):
Wave (2) Retest Completed: Price reacted precisely at the Fibonacci 0.5–0.618 Golden Zone ($101.94 – $102.82), showing strong seller presence and rejection.
Incoming Impulsive Wave (3): As long as price stays below the invalidation level, SOL is primed to enter Wave (3)—typically the most aggressive move in an Elliott Wave sequence.
Key Targets & Levels:
Short-term TP / Liquidity Sweep: $98.00
Wave (3) Target Zone: $89.75 – $86.74 (Fib 1.38 - 1.618)
Invalidation Level: $106.93 (Strict SL boundary)
Execution Strategy: Holding short exposure to capitalize on the Wave (3) leg while keeping DCA limit orders strictly in the lower discount/demand zone ($89 – $95).
Trade with a clear plan and strictly manage your leverage! ⚡
#Solana #SOL #CryptoAnalysis #ElliottWave #SpotSafeCapital #BinanceSquare
