After touching the 156 region, SOL has been in an uptrend trading back into the mid 170's
Here's my setup for the trade:
Reason : Order block slightly above previous resistance level.
Expecting a break through resistance, clearing stops before retracing to the mid 170's.
Entry : 184.5 - 186.7 ($2 spread depending on your broker/exchange)
Stop Loss : 187.5 (Anything above that invalidates the analysis)
Take Profit : 175 (Closest Liquidity Pool)
N.B;
This analysis is just my overview based on the current market outlook and is NOT FINANCIAL ADVICE!!!
Here's my setup for the trade:
Reason : Order block slightly above previous resistance level.
Expecting a break through resistance, clearing stops before retracing to the mid 170's.
Entry : 184.5 - 186.7 ($2 spread depending on your broker/exchange)
Stop Loss : 187.5 (Anything above that invalidates the analysis)
Take Profit : 175 (Closest Liquidity Pool)
N.B;
This analysis is just my overview based on the current market outlook and is NOT FINANCIAL ADVICE!!!
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.
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.