--- title: 'Live Cryptocurrency Trading: How to Trade Solana' source: 'https://youtube.com/watch?v=-jTCel08Hrw' video_id: '-jTCel08Hrw' date: 2026-08-05 duration_sec: 2765 --- # Live Cryptocurrency Trading: How to Trade Solana > Source: [Live Cryptocurrency Trading: How to Trade Solana](https://youtube.com/watch?v=-jTCel08Hrw) ## Summary This video is a live cryptocurrency trading session focused on Solana (SOL), where the host provides a technical analysis of support and resistance levels across multiple time frames, offers a specific short trade setup with entry, stop loss, and target prices, and discusses broader market sentiment including Bitcoin dominance and the Fear and Greed Index. ### Key Points - **Weekly Support for Solana** [02:18] — On the weekly time frame, Solana has taken support at a key level, indicating potential upward movement. The next strong support is lower, and breaking below would worsen the situation. - **Monthly Support Confirmation** [03:18] — The same support level is visible on the monthly time frame, reinforcing its significance as a major support zone. - **Daily Resistance Levels** [03:46] — On the daily time frame, a support zone is working, but a resistance zone is visible above. If the price rises, it may face resistance and potentially reverse downward. - **Major Resistance on Longer Time Frames** [04:54] — A major resistance area is identified on longer time frames, which will be difficult to break and may take time. If broken, the next high is far off. - **2-Hour Time Frame Analysis** [05:25] — On the 2-hour time frame, the market appears to be near a major resistance, with a supply zone above and a demand zone below. - **Trade Setup for 15-Minute Time Frame** [07:24] — For a 15-minute trade, the host suggests entering within the demand zone, expecting a move towards the supply zone, and then a potential fall. - **Short Position Entry Details** [10:28] — The host provides a specific short trade setup: entry at 141 (or 142.50), stop loss above, and target at 137. The risk-reward ratio is 2.67. - **Promotion of Coinx Exchange** [13:22] — The host promotes Coinx exchange, claiming 20% lower charges, and provides a link in the video description for account creation. - **Bitcoin Dominance and Altcoin Sentiment** [15:27] — Bitcoin dominance is negative, but trust in altcoins is increasing, suggesting a potential decline in Bitcoin and Ethereum while other coins may perform well. - **Fear and Greed Index at Extreme Fear** [19:53] — The Fear and Greed Index shows extreme fear, with a value near 16, close to the worst-case scenario of 15 seen on March 11, 2025, indicating a critical market situation. - **Altcoin Season Index Rising** [20:34] — The Altcoin Season Index has increased to 31 from 28 last week, suggesting a shift towards altcoins. - **EMA Analysis on Longer Time Frames** [25:21] — On a longer time frame, the price has crossed above the 50 EMA and may cross the 200 EMA, which could lead to upside momentum. These EMAs act as support and resistance. - **Monthly Support for Another Coin** [30:45] — On the monthly time frame, a coin has very strong support around 75, and the price could potentially drop to that level. - **Market Volatility and Recovery** [41:20] — The market is experiencing high volatility with daily drops of 8-10%. Recovery may come quickly but timing is uncertain. - **Importance of Stop Loss** [44:55] — The host emphasizes never trading without a stop loss, sharing a personal story of liquidation due to forgetting to set one, which caused significant loss. ### Conclusion The video provides a detailed technical analysis of Solana, offering a specific short trade setup, while also discussing market sentiment indicators like the Fear and Greed Index and Altcoin Season Index. The host emphasizes the importance of risk management, particularly using stop losses, and promotes the Coinx exchange. ## Transcript [coughing sound] [throat clearing sound] good morning all of you. Get connected as soon as possible. So let's see a little bit today what can happen. Let's looks decent. You can see that the chart you are seeing right now is on the weekly time frame. And now the market has come this far. You see that support has been taken here. And there was a good amount of support here on the weekly time frame. It has taken this support and now the chance is that it will take support from here and move upwards. Isn't it? Giving upside momentum. If it had fallen even after this, what was the next strong support? So I would have taken support somewhere here again. Isn't it? I would have taken support from somewhere here again and the last support was here. If it had broken and fallen then the support was very low. Isn't it? Then the situation would have become worse. So if you see overall, it has taken support now and now there is every possibility that it will move upwards. So here we mention once that the support of Solana on the weekly time frame is support of Solana on the weekly time frame is our ? So it has taken support on the weekly time frame. If we come to the monthly time frame, then we have more or less the same support on the monthly time frame also. If you change it a little bit, it will come down here. But we consider it and this is our support on both weekly and monthly basis. Now let's come to the daily time frame. [coughing sound] If you come to the daily time frame, you will see that our support here is working fine on the daily time frame as well. There is no problem. As it moves forward, you will see that the next support is visible here. Isn't it ? A support is visible here in this range on the daily time frame. And if this support is visible, it means this is resistance. So if this green candle is formed further then there is a full possibility that it will again try to move downwards from this range. If it takes resistance from here then it will go down. i.e. get a breakout and after the breakout it will again go upwards and if it again goes upwards then here again it will see resistance. This area will again provide resistance and you will see decent resistance. market has moved upwards from here. So a decent resistance will be seen here. If this resistance is crossed then you will see that again this resistance will be found. So there are many resistances. So if you look at the longer time frame, you will get an idea of ​​where the major support is being formed and where the major resistance will be formed after that. If you want to see this, you will see that this is major resistance. This area is your major resistance on the longer time frame. Correct? This is major resistance. So now this resistance will not be so easy to beat. It will take a lot of time to beat this. And if it beats it then this is its high which is not possible to reach right now. So daily we have seen on long time frame what is the situation. Let's come to the short time frame. But still we will analyze on 2 hour time frame. If you look at the 2 hour time frame, you are here in the market right now and it looks like a major resistance. Okay, right? This looks like major resistance. Let's take Looks like major resistance. [nasal sound] text a little bigger. This is not happening. Leave no one. Okay, right? This is our supply zone. And Okay, right? This is our supply zone. And this will be our demand zone. Ok? We have a demand zone. And now if we have to take the trade for 15 minutes then we will take the trade within this zone. So you will see that now it has moved from the demand zone towards the supply zone and will come to this area. This means that the market may fall from here. The market may fall from here. So if you want to enter the trade So if you want to enter the trade at 142, it is fine if you get the entry. If you want to enter here further, let us see whether your entry will be accepted or not. Let me Divergence Entry will be yours, you will make entry of 140.5 140 141. 141 137.06 137.06 This will be your target and you and you can take leverage up to 5x. Position Sort [nasal sound] something like this. Accordingly, I have given you indication here in Solana. you indication here in Solana. Entry for short position will be at 141. Your entry here is 142.50, let the stop loss be here and your target will be 137. This will be your target 2. The total risk reward ratio is 2.67. got a lot of crush, Alok ji, I suffered a lot of loss, I have suffered a [coughing] [throat clearing] The n't it? It had increased a lot. The crush was bound to come one day or the other. is a link in the description of the video. From there you can create an account on Coinx. You will have to pay very 20% less charges. So you will save some money. I will have to [coughing sound] [throat clearing sound] Bitcoin dominance is negatives. But gradually people's trust in alt coins is increasing. So a gradually people's trust in alt coins is increasing. So a decline can be seen in both Bitcoin and Ethereum. Things seem to be going well with other coins. absolutely right Alok ji [nasal sound] and tell me oh my god the fear and anger index has is extreme fear among people. A lot of people are scared. That's correct. There is a lot of decline. Right now, correct. There is a lot of decline. Right now, our 15 worst-case scenarios were 15, which occurred on March 11, 2025. Just gonna beat it. It's almost 16. Meaning the situation is going to be very critical. The Alt Coin Season Index may have increased slightly. are 31. Last week it was 28 so the Alt Coin Season Index is rising. Isn't it Index is rising. Isn't it ? What is the death rate in Bitcoin? I don't know about this either. Yes ok [nasal sound] see this is 200 and this is 50. Now it has crossed 50 and gone up. It will also cross 200. After that, upside momentum may be seen. So, right now this will be its support and this will be its resistance. If the market goes up then If the market goes up then according to EMA. Well, this is what we call gone down by crossing both the limits. It is also down on the 4-hour time frame. It is very close to this on the 2 hour time frame. And support has been formed on the 1 hour time frame. No, there is no direct chart trading facility on Coinx. Let's see. cannot trade directly on the charts in Coincx. It has n't advanced that much yet. once on monthly time frame and see what is the situation. If we look at the monthly time frame, this is its support. It has very strong support around 75. This is what you are talking about. Isn't it no support for it here right now. It can come up to 75. [nasal sound] any of you in the trade right now? Big people are selling. That's why Bitcoin is falling so much, right? When buyers That's why Bitcoin is falling so much, right? When buyers come to the market in large numbers, then Now whenever you make an entry, do it on 142. Please live at 8:00, yes almost 8:00. And Alok ji, you were not there that day. I had also posted a message that I am going live at 8:00. It was a little late. invested a lot of money in the spot market, Alok ji, are you incurring a lot of loss? All these things are tempting me. things are tempting me. recovery and it will come very fast, but there is no guarantee as to when it will come because it is falling a lot, isn't it? It falls by 8-8% to 10-10% in a day. So things are getting a little out of hand. [nasal noise] The doing this SIP in crypto are right. Isn't it ? We are investing money according to the market fall every week. He is much better. I feel it. There is much better. I feel it. There is a lot of risk in applying Lamsam. [nasal sound] that's right. The crush comes only at night. The you slept at night, you found out that my entire position was liquidated one day. my entire position was liquidated one day. Alok ji, I had forgotten to place stop loss. Place trades quickly. I forgot to set a stop loss. My entire position got liquidated. There was a lot of damage. It is Whatever position you try, do not trade without stop loss because if your position gets liquidated automatically then a lot of your money gets lost which you are not able to use, very irritating, so that's all very much for supporting us for so long and the number of likes is a little and the number of likes is a little less today but it's okay, it's your wish, we will less today but it's okay, it's your wish, we will meet again in the next live session, you can share it a little etc. so that more and more people can come and I am blaming myself because I am not able to go live regularly, hence the number of people is not reaching that much. Isn't it? It's my own not reaching that much. Isn't it? It's my own fault. But what to do? Things have to be done according to time. So I am not able to find some time. When it is managed then we come cannot do it. Isn't it? So I apologize very much for that. Rest of you keep trading. We are seeing what the situation is in the market. There is a little uncertainty but it is okay, what can we do. Isn't it ? Let's meet again in the next session. Till then ? Let's meet again in the next session. Till then Jai Hind.