Technical analysis by SiDec about Symbol SOL: Buy recommendation (8/19/2025)

From 12th–14th August, SOL spiked into the 0.618/0.786 pitchfork resistance zone, where the best short entry presented itself. This rejection also marked the completion of wave 5 of the 5th Elliott Wave, confirming exhaustion in the $205–$210 zone. After this sharp move, an imbalance has formed that typically gets retraced. When price spikes that quickly into resistance, it often gives the entire move back → meaning a return to the origin of the move. As price approaches this region, it becomes the prime zone for long re-entries. 🧩 Confluence Factors: 9 0.618 Retracement of the 5-wave impulse: $176.47 Daily level: $174.84 nPOC: $175.00 0.786 Trend-Based Fib Extension: $175.00 Anchored VWAP: ~$173.30 Sell-Side Liquidity (SSL): ~$173.50 Pitchfork 0.618 support: Aligning with this zone Monthly Open (mOpen): $172.22 (major support) 0.786 Fib Speed Fan: Adding further structural support 🟢 Long Trade Setup Entry Zone: $176.5 – $172 Best Entry: Around $175 (ideal ~ $173, confluence with liquidity + mOpen) Stop-Loss: Below $167 Target: $219.21 (0.618 retracement of full move) Potential Gain: +25% R:R: 1:5+ Technical Insight The 0.786 pitchfork rejection into wave 5 completion marked exhaustion at $205–$210. Fast moves into resistance often retrace back to origin, opening the door for imbalances to be filled. The $176.5–$172 zone clusters multiple technical supports, making it a high-probability long entry. The mOpen at $172.22 and surrounding liquidity pocket stand out as the most ideal entry point. With targets up to $219, the setup offers a strong +25% potential move with excellent risk-to-reward. Key Levels to Watch Support Zone: $176.5 – $172 (ideal entry ~$173) Final Target: $219.21 🔍 Indicators used DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points ➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!Pitchfork + anchored VWAP:SOL Update — $188 Key Level The trading idea played out almost exactly as planned, with SOL finding support at $176 (just above the ideal $175 entry) before reversing. Price is now up +7%, reaching the 0.618 Fib retracement at $188 → TP1 hit. This level is further reinforced by: → Anchored VWAP resistance from the $210 swing high → 0.75 Fib Speed Fan acting as resistance For bullish continuation, $188 must now be flipped into support. A confirmed flip could open the path toward higher targets.Reversal signal on 15min TF via my indicator "BarFlow Reversal [SiDec]"SOL Update — Perfect Timing SOL played out exactly as planned. It took 10 days to reach the 0.618 Fib target. Both reversal signals from the BarFlow Reversal indicator on the 15m timeframe were also spot on, aligning perfectly with other confluence factors. With this trading idea now fully played out, a fresh analysis is needed to map the next high probability trade setup.