#solana Solana (SOL) 30-Minute Chart Trade Setup Analysis

📈 Trend Overview:

• Downtrend Resistance:

• $119.86 with a strong TL strength of 4.38 and a 3° angle, positioned close to the current price.

• Uptrend Support:

• $110.86 with a weak TL strength of 2.73 and a steeper angle of 19°.

📊 Technical Indicators:

• Shorter time frames (50 bars) suggest a strong uptrend with a significant bullish momentum (+28° trend).

• Longer time frames (100-200 bars) also lean bullish, indicating potential continuation of the upward movement.

🦀 Harmonic Pattern:

• A bearish harmonic pattern (possibly an Anti-Butterfly or Crab) is visible, with price nearing the completion zone at $119.86.

• The confluence of the harmonic “D” point and the downtrend resistance suggests a potential reversal area.

🎯 Trade Plan:

• Short Entry: Near $119.86, if price fails to break above resistance and confirms bearish rejection.

• Targets:

• TP1: $112.64

• TP2: $110.86

• Stop Loss: Above $120.29.

• Long Entry: On a confirmed breakout above $119.86, signaling continuation of the uptrend.

• Targets:

• TP1: $122.00

• TP2: Higher levels based on volume and trend strength.

• Stop Loss: Below $117.85.

⚠️ Caution:

• Watch for confirmation at the key levels, especially around $119.86.

• Pay attention to volume and broader market sentiment for better trade accuracy $SOL