#SOL/USDT 8h (ByBit) Rising wedge breakdown and retest

Jan 9

SOL lost 50MA and just pulled back to it, looks like it could dump towards 200MA support.

⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.8X)
Amount: 4.9%

Entry Targets:
1) 103.961

Take-Profit Targets:
1) 73.902

Stop Targets:
1) 119.028

Published By: @Zblaba

SOL #SOLUSDT

Risk/Reward= 1:2.0
Expected Profit= +81.0%
Possible Loss= -40.6%

Feb 20

Trade active

Entry filled

We could even secure it already, but maybe too early.

Feb 20

Comment

Almost hit TP and bounced back, what about securing that short?!

Feb 20

Comment

Good thing we stuck to our plan, revisited the entry and got rejected again.
Does not look bullish at all to me, especially with that evening doji star under the Y.O.
At least 100EMA (orange) retest would make sense, at ~$78.5 right now

Feb 20

Comment

SOLUSDT.P 2D

SOL made +1500% last year, so a -50% pullback would still be a healthy correction, imo.
Not trying to FUD here, just keeping a clear head while analyzing, no emotions attached.

Feb 20

Comment

Trade under water now, but SL held so far and rising wedge is breaking down.