🚨 SOLANA (SOL) ANALYSIS: 2 MAJOR POSSIBILITIES AHEAD! 🌀
SOL is currently sitting at a decisive junction (~$107). Instead of guessing the direction, we are watching 2 distinct structural paths:
🟢 Possibility 1 (Bullish Extension):
Wave (iv) bottomed around ~$102. We are now building a micro 1-2 structure targeting $115.63 - $119.20 before taking aim at the macro Wave (v) targets around $130 - $139. 🛑 Invalidation: Break below $94.50.
🔴 Possibility 2 (Wave B Relief Rally):
Current upside is just a Wave (b) correction into the $109.94 - $115.68 resistance zone. A rejection here could trigger the final Wave (c) drop toward $92.60 - $84.97.
💡 Strategy:
Patience is key. We are temporarily standing aside to let the market clarify its lower-timeframe structure before taking high-conviction positions. Spot DCA / Grid strategies are ideal while price oscillates in this range.
#BinanceSquare #CryptoTrading #Solana #SOL #ElliottWave #MarketUpdate
SOL is currently sitting at a decisive junction (~$107). Instead of guessing the direction, we are watching 2 distinct structural paths:
🟢 Possibility 1 (Bullish Extension):
Wave (iv) bottomed around ~$102. We are now building a micro 1-2 structure targeting $115.63 - $119.20 before taking aim at the macro Wave (v) targets around $130 - $139. 🛑 Invalidation: Break below $94.50.
🔴 Possibility 2 (Wave B Relief Rally):
Current upside is just a Wave (b) correction into the $109.94 - $115.68 resistance zone. A rejection here could trigger the final Wave (c) drop toward $92.60 - $84.97.
💡 Strategy:
Patience is key. We are temporarily standing aside to let the market clarify its lower-timeframe structure before taking high-conviction positions. Spot DCA / Grid strategies are ideal while price oscillates in this range.
#BinanceSquare #CryptoTrading #Solana #SOL #ElliottWave #MarketUpdate