Sol

Has Been Playing Out Beautifully

Solana (SOL) has been moving beautifully, following the exact structure we anticipated in the last analysis.

Solana (SOL) has been moving beautifully, following the exact structure we anticipated in the last analysis.

If you caught the move, congratulations—you just secured a 1:6 risk-reward trade, which is an excellent win-rate for traders.

If you caught the move, congratulations—you just secured a 1:6 risk-reward trade, which is an excellent win-rate for traders.

But now, with the FOMC statement and interest rate decision at 18:00 GMT, we could be in for another wild ride. Let’s break down the next potential setups.

Solana’s Previous Move: A Perfect Liquidity Sweep

In our last breakdown, we identified equal lows sitting above a strong demand zone with imbalance.

In our last breakdown, we identified equal lows sitting above a strong demand zone with imbalance.

As expected, the price bounced at the lows and swept the sellers’ liquidity on the way up.

As expected, the price bounced at the lows and swept the sellers’ liquidity on the way up.

If you entered at the demand zone with a stop-loss below, you could have secured a 1:6 risk-reward trade—a textbook execution.

But that’s history. Now, let’s focus on what’s next for Solana.

Solana Price Action: Key Levels to Watch

Solana is approaching two key levels that could influence the market’s direction.

Solana’s recovery has been remarkable, and if the FOMC events spark another rally, we could see a continuation towards the 50% Fib level.

If price hits either of these levels before the FOMC event, I might consider a position. Otherwise, I’ll wait for the dust to settle.

Final Thoughts: Stay Cautious, Trade Smart

Let’s be clear: no setup is 100% guaranteed. The market can do whatever it wants, and high-impact news events like FOMC can lead to unpredictable price action.

If you’re trading, be mindful of volatility. A sudden liquidity grab could trap both longs and shorts before the real move happens.

If you’re new to trading or looking for a reliable exchange, Weex is a solid choice. It offers deep liquidity and low fees—perfect for executing these setups efficiently.

What’s your play for Solana? Waiting for the FOMC or already in a trade?