$SOL

Advanced Wave Analysis for Binance Square Traders

🌀 Elliott Wave Structure – What’s Unfolding?

Solana (SOL/USDT) is currently developing a clean corrective wave sequence, and the Elliott Wave count is unfolding with precision on the current timeframe.

We’re mid-way through a complex corrective move, and price action continues to follow textbook wave behavior — offering smart traders a roadmap into what’s next.

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🧠 Current Wave Count Breakdown

The recent move up from the local low has formed a 5-wave impulse (labeled in yellow).

Wave 3: Already completed.

Wave 4: Currently forming a classic A-B-C flat correction.

Wave 5: Expected to follow next, completing wave (C) of (A).

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🔁 What Comes After?

Once this 5-wave impulse completes, we anticipate:

1. A retracement forming wave (B) of the broader corrective structure.

2. A final push up into the green target zone, completing wave (C) of (B).

After this corrective phase wraps up, a larger 5-wave decline is expected — marking the completion of the macro Elliott structure.

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✅ Validity & Wave Rules

The current count remains valid as long as the core Elliott Wave rules are respected, including:

Wave 4 does not enter the territory of Wave 1.

Wave 3 is never the shortest among Waves 1, 3, and 5.

Proper A-B-C formation in the corrective waves.

These wave conditions give this analysis high confidence for active Elliott Wave traders.

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🔭 Key Takeaway

SOL/USDT is mid-cycle in a sophisticated Elliott correction. This offers both:

Short-term bullish opportunities (completion of Wave 5)

Mid-term bearish preparation (macro Wave C downtrend)

Patience and precision are key — ride the waves, don’t fight them.

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