SOL (Solana) – Advanced Harmonic Completion + Trendline Confluence | Break & Retest Strategy
#SOL remains within a broader downtrend on the higher timeframe, but the recent 1D structure is showing an important technical development. Price has completed a harmonic pattern directly on a major multi-touch trendline, creating a strong confluence zone with potential for a reversal.
Despite the existing downtrend, there is no confirmed bearish continuation signal. Momentum is slowing down, suggesting that sellers may be losing strength.
Technical Breakdown
Harmonic Completion Zone (HCZ)
Price has tapped a harmonic completion area aligning with a Fibonacci cluster, prior demand, and trendline support. This makes it a high-value level for reaction.
Trendline Confluence
#SOL continues to respect the ascending trendline. Current candles show corrective movement rather than impulsive sell pressure.
Trading Strategy
Bullish Plan:
Wait for a clean breakout above resistance.
Look for a retest into the breakout zone.
Confirm long entries through bullish rejection or engulfing structure.
Stop loss below structural lows.
Target next liquidity pools with a minimum 1:2 R:R.
This ensures entries are backed by confirmation rather than anticipation.
Bearish Consideration:
As long as resistance holds, the overall market remains in a downtrend. Failure to break the level may result in continuation to the downside.
Summary
Harmonic pattern completed at a strong confluence area.
Trendline support remains respected.
No bearish continuation signal at current levels.
Bullish scenario only valid after breakout and retest.
Structure confirmation is essential to avoid premature entries.
#SOL #Solana #CryptoAnalysis #TechnicalAnalysis #HarmonicPattern #Trendline #MarketStructure #BreakAndRetest #PriceAction #CryptoTrading #TradingStrategy #Altcoins #CryptoChart #TradingView
#SOL remains within a broader downtrend on the higher timeframe, but the recent 1D structure is showing an important technical development. Price has completed a harmonic pattern directly on a major multi-touch trendline, creating a strong confluence zone with potential for a reversal.
Despite the existing downtrend, there is no confirmed bearish continuation signal. Momentum is slowing down, suggesting that sellers may be losing strength.
Technical Breakdown
Harmonic Completion Zone (HCZ)
Price has tapped a harmonic completion area aligning with a Fibonacci cluster, prior demand, and trendline support. This makes it a high-value level for reaction.
Trendline Confluence
#SOL continues to respect the ascending trendline. Current candles show corrective movement rather than impulsive sell pressure.
Trading Strategy
Bullish Plan:
Wait for a clean breakout above resistance.
Look for a retest into the breakout zone.
Confirm long entries through bullish rejection or engulfing structure.
Stop loss below structural lows.
Target next liquidity pools with a minimum 1:2 R:R.
This ensures entries are backed by confirmation rather than anticipation.
Bearish Consideration:
As long as resistance holds, the overall market remains in a downtrend. Failure to break the level may result in continuation to the downside.
Summary
Harmonic pattern completed at a strong confluence area.
Trendline support remains respected.
No bearish continuation signal at current levels.
Bullish scenario only valid after breakout and retest.
Structure confirmation is essential to avoid premature entries.
#SOL #Solana #CryptoAnalysis #TechnicalAnalysis #HarmonicPattern #Trendline #MarketStructure #BreakAndRetest #PriceAction #CryptoTrading #TradingStrategy #Altcoins #CryptoChart #TradingView
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.