Solana Price: Waiting for Retracement
In the last Solana article, we were waiting for a CHoCH, a shift in character, to confirm that the bearish structure was weakening.
That shift just happened.
But we do not buy immediately. We wait for the retracement.
Price has left a clean H4 demand around 160. This is where the previous bullish move originated, and where larger orders are likely positioned.
Buying after price returns to demand lets us enter with structure, not against it.
Think of it like this: price pushes, then comes back to gather strength. If you chase the push, you often buy the top. If you wait for the retracement, you enter where the risk is lower.
So the plan is simple:
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CHoCH confirmed
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Wait for price to retrace to 160 demand
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Look for buy confirmations there
As always, nothing is guaranteed. The market can move unpredictably, and this is only one possible scenario.
We stay patient.
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My name is Francesco, I am a funded trader and I have a deep passion for forex, cryptocurrencies, and trading as a whole. I feel lucky, that I am able combine my skills with what I love. I'm very interested in factors driving price movements and enjoy uncovering the reasons behind them. My primary interests include Bitcoin, Altcoins, macroeconomics, and all related to trading.