SOLUSDT - Long Trade Idea

Oct 7, 2024

This seems like a nice long opportunity on SOLUSDT perpetual contract pair.

The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity.

I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry.

SL below the last expansion low that reached into nested weekly PD Arrays.

- R2F

Oct 8, 2024

Note

Looks like this trade idea may fail. I may have been too ambitious in anticipating a change in orderflow before it happens. Currently the Daily Bearish Breaker+FVG is applying strong pressure downwards. I will update this post if price eventually gets to my target then we can see what actually happened.