📈 Technical Analysis:
I’ve initiated a long position on
SOLUSD after observing a clean monthly higher low forming near the 23.6% retracement level ($120), bouncing off the key support zone at $97.93, which also aligns with the prior base from mid-2023. The Fibonacci levels drawn from the swing low ($95.16) to the swing high (~$267) suggest the following:
Golden Pocket Zone: $233 – $266 (50%–61.8%)
Major Expansion Targets:
100%: $372
161.8%: $544
200%: $650
227.2%: $726
🔍 Volume shows accumulation in the lower range, and the recent rejection wick hints at demand absorption. A monthly close above $150 could trigger further upside momentum.
📊 Risk/Reward is asymmetric here with downside risk capped near $95 and potential upside of 3x–4x. Monitoring for a breakout above $201 (38.2% level) to add more.
🧠 Narrative: As institutional interest grows in Layer 1 altcoins and ETH’s dominance plateaus, SOL could outperform in the next macro cycle. The chart suggests bullish continuation over the next 6–18 months.
💼 Position Disclosure: Long from $147, targeting $372–$650 range in the coming cycles.
I’ve initiated a long position on
SOLUSD after observing a clean monthly higher low forming near the 23.6% retracement level ($120), bouncing off the key support zone at $97.93, which also aligns with the prior base from mid-2023. The Fibonacci levels drawn from the swing low ($95.16) to the swing high (~$267) suggest the following:Golden Pocket Zone: $233 – $266 (50%–61.8%)
Major Expansion Targets:
100%: $372
161.8%: $544
200%: $650
227.2%: $726
🔍 Volume shows accumulation in the lower range, and the recent rejection wick hints at demand absorption. A monthly close above $150 could trigger further upside momentum.
📊 Risk/Reward is asymmetric here with downside risk capped near $95 and potential upside of 3x–4x. Monitoring for a breakout above $201 (38.2% level) to add more.
🧠 Narrative: As institutional interest grows in Layer 1 altcoins and ETH’s dominance plateaus, SOL could outperform in the next macro cycle. The chart suggests bullish continuation over the next 6–18 months.
💼 Position Disclosure: Long from $147, targeting $372–$650 range in the coming cycles.
Nota
This is one of those trades, I just go long, I have my sell order, and rest is upto the marketTrade attivo
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I will add more accordingly. 
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.