Total Quality
Score
If You Had Traded on This Analysis…
Correct

SOLUSDT
Entry
187.3200
2025-08-16
17:21 UTC
Target
206.7600
In 6 Days
Fail
164.5000
Risk / Reward
1 : 1
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Final PnL
10.38%
P/L: —
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SOLUSDT
Correct

Body
The analyst discusses Solana (SOLUSD) on a 30-minute timeframe, noting consolidation above micro support. The analyst points out Fibonacci support zones and a yellow trendline. A move towards $360+ is possible if the August low of $156 is held. Fibonacci support zone between $176.98 and $165.94 is being tested. A 100% extension of the A-wave down, targeting $177, is noted as an ideal target for the C-wave of a corrective pullback. Holding above $165 is critical. The price appears to be in a corrective pullback within a larger uptrend. The current trendline is steep, which might indicate unreliable signals. Resistance is noted at $206.76. The analyst is awaiting a five-wave move up to confirm the start of the third wave, suggesting a flexible approach to how the correction could unfold. The analysis states that the price should hold above $166.