Long SOL : Fibonacci Expansion Suggests Massive Upside

5월 7일

📈 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.

5월 7일

노트

This is one of those trades, I just go long, I have my sell order, and rest is upto the market

5월 7일

액티브 트레이드

5월 17일

노트

Still valid. Make phone calls :D

5월 17일

노트

5월 17일

노트

I will add more accordingly.