๐จ $SOL Macro Update: Possibility 1 vs Possibility 2 ๐จ
With the local top formed around $118โ$120, SOL is entering a corrective phase. Here are the two primary paths:
๐น POSSIBILITY 1 (ABC Correction / Wave iv):
Price develops an a-b-c corrective structure.
Key Condition: Must hold ABOVE the $95.16 Invalidation Level to maintain the overall bullish structure.
๐น POSSIBILITY 2 (Impulsive 5-Wave Drop):
Price forms a bearish 5-wave motive structure targeting the $96.00 โ $90.00 demand zone.
Current Status: Price is currently forming Wave (1) targeting the $113.71 โ $110.44 zone.
Key: Possibility 2 is confirmed if price completes a clear 5-wave impulse down toward the $96.00 โ $90.00 area.
๐ก Strategy: Monitor whether the pullback develops as a corrective ABC or a full 5-wave impulse!
#SOL #Solana #ElliottWave #CryptoAnalysis #BinanceSquare #CryptoTrading #TradingSignals
With the local top formed around $118โ$120, SOL is entering a corrective phase. Here are the two primary paths:
๐น POSSIBILITY 1 (ABC Correction / Wave iv):
Price develops an a-b-c corrective structure.
Key Condition: Must hold ABOVE the $95.16 Invalidation Level to maintain the overall bullish structure.
๐น POSSIBILITY 2 (Impulsive 5-Wave Drop):
Price forms a bearish 5-wave motive structure targeting the $96.00 โ $90.00 demand zone.
Current Status: Price is currently forming Wave (1) targeting the $113.71 โ $110.44 zone.
Key: Possibility 2 is confirmed if price completes a clear 5-wave impulse down toward the $96.00 โ $90.00 area.
๐ก Strategy: Monitor whether the pullback develops as a corrective ABC or a full 5-wave impulse!
#SOL #Solana #ElliottWave #CryptoAnalysis #BinanceSquare #CryptoTrading #TradingSignals
