SOL
▼ ShortOpen1D · 18 May 2026
Entry
84.10
Stop loss
98.39
Target
55.87
Reward (R:R)
+1.98R
The analysis
Solana shows a bearish bias after a pullback reached resistance at 98.386. Short entry at 84.1 targets 55.872 while invalidation sits at 98.386.
Price completed wave (3) at the February low. An ABC zigzag then developed upward as wave (4) into the May high. With the correction finished, wave (5) has started toward the target at 55.872, and a breach of the wave (4) high at 98.386 would negate the count.
Wave count: (3)-A-B-C-(4)-(5)