- Solana’s market structure has remained bearish, but price action is now consolidating with liquidity on both sides
- Traders should wait for a liquidity grab above (for shorts) or below (for longs) and confirm structural shifts on lower timeframes
- The market remains unpredictable, and patience with risk management is critical for navigating Solana’s next move
In our previous analysis of Solana, we highlighted a bearish market structure. I was personally eyeing shorts near the supply zones we had identified.
Unfortunately, those zones were never reached. The price followed its bearish trajectory, respecting the downward trend without giving us the entries we hoped for.
Now, fast forward to today – it’s been over 10 days of sideways action. Solana’s price is consolidating and leaving liquidity both above and below.
So, the big question is: what’s the next move?
The Current Scenarios
For Short Sellers
If you’re looking for a short, wait for the liquidity above to be taken out. Then, watch for a lower timeframe shift in structure that aligns with bearish momentum.
For Long Traders
If you’re more interested in longs, keep an eye on the liquidity below. Once that’s taken out, look for a bullish structure shift on lower timeframes before considering an entry.
The Reality of Trading
But here’s the thing: the market doesn’t owe us anything. Solana’s price could move in completely unexpected ways, especially given its recent consolidation. These scenarios are just probabilities, not certainties.
Final Thoughts
The best approach is to stay patient and let the market come to you. Wait for those liquidity grabs and structural shifts before making a move. Remember, risk management is your best friend in such uncertain conditions.
What do you think? Are you leaning bullish or bearish on Solana right now?
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.
