SOL / TetherUS
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2025.05.17 SOLANA Short-term long position

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[SOL/USDT] Long Position Strategy Proposal

Entry: At market price
Stop-loss: 167.80
Target 1: 173.34
Target 2: 175.89
Target 3: 177.97

This strategy is based on the Elliott Wave Theory and assumes a continued bullish trend. Currently, Solana appears to be in the early phase of the 5th wave, following the completion of an extended 3rd wave and a corrective 4th wave.

The 3rd wave extended approximately 2.618 times the length of the 1st wave, which is characteristic of a strong bullish move.

The 5th wave typically mirrors the length of the 1st wave with a 1:1 ratio.

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