After an explosive move, Solana has been trading sideways and I believe it is nearing a breakout. It is currently teetering at the upper bound of a descending triangle and if it breaks upwards, I expect a relatively quick pump to new all-time highs. Wait for confirmation with some volume before you make your decision, but I like the setup. I'm eyeing the 1.414 fib line at $84.26.
TP: $84.26 (+15%)
Published trade statistics:
Win Percentage: 7/10= 70%
Avg Gain on Wins: 25%
Avg Loss on Losses: -11%
Weighted Avg P/L % : 14.11%
Pending Trades (including this post): 2
*This is not financial advice.*
- Sultan of Chart
TP: $84.26 (+15%)
Published trade statistics:
Win Percentage: 7/10= 70%
Avg Gain on Wins: 25%
Avg Loss on Losses: -11%
Weighted Avg P/L % : 14.11%
Pending Trades (including this post): 2
*This is not financial advice.*
- Sultan of Chart
Trade closed: stop reached
Well, we were off to a hot start +8% but Bitcoin took a dive and dragged SOL down with it. Tough outcome, but it happensNote
Turned out I was right. $84 hit! but we're still counting this as a lossNever let the fear of striking out get in your way.
- Sultan of Chart
- Sultan of Chart
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.
Never let the fear of striking out get in your way.
- Sultan of Chart
- Sultan of Chart
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.