SOLUST.P trade ideas
sol analysisthe price is trying to reject the resistance in red
and it has formed a pennant which is not yet clear is it a bull sign or bear sign considering the market where the bitcoin dominance is decreasing
and total market cap is increasing after breaking the resistance we can see a good pump in this coin till 100 and further resistance at 106
happy trading and manage the risk according to market bye
#Sol scalp zone eith sup. & resis. in 4 hr TFSOL bounced after testing the major support of $80 area. SOL give a good upward rally from there. Hoping you added some SOL near the major support area. You can book some profit from the position or increase your stop loss to $125 support. The next resistance is $155 area.
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (126.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 141.70
TP2= @ 152.85
TP3= @ 166.05
TP4= @ 178.97
TP5= @ 195.07
SL= Break below S2
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Will SOL 30 min obey the Schiff Pithfork? let's wait and find.I think my privious sol chart was complete waste, it didn't went ac to me, but as they say no trader is 100% accurate, and market is the king not you or me.
So i have made another strategy here, will it play and make me 30% profit or 10% loss.
Even whatever happens as always i will learn.