Solana / SOL - Market Cap - Idea I
Hey guys,
Yearly closed bullish above 50%
3M = Inside Bar - lower volatility
closes bearish but still above major support lines.
-> Bullish?
1M: Inside Bar in a Triangular Formation - we are in a Neutral Market right now.
-> looking to go long from the lower end and short from the upper end of the triangle.
3D: There seems to be a bullish Setup in place on the monthly and the 3D Signal could be fired soon -> trendline must be broken, I prefer to see a retest of it before considering a long position as we might see another wash out. I will use a trading system to enter.
Thanks for reading…
Yearly closed bullish above 50%
3M = Inside Bar - lower volatility
closes bearish but still above major support lines.
-> Bullish?
1M: Inside Bar in a Triangular Formation - we are in a Neutral Market right now.
-> looking to go long from the lower end and short from the upper end of the triangle.
3D: There seems to be a bullish Setup in place on the monthly and the 3D Signal could be fired soon -> trendline must be broken, I prefer to see a retest of it before considering a long position as we might see another wash out. I will use a trading system to enter.
Thanks for reading…
Note
this would be a good place to take profits - wait for a break above and retest of this area to consider long positions or just close 75 % of the trade.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.