Two decent setups on Solana’s 15m, one bounce play off key support, the other a breakout rip targeting quant resistance.
Setup #1 — Mean Reversion Long:
• Entry: 161 to 162
• Stop: 158.78 (sits on quant S1 = 158.67)
• Target: 166.62
• R/R: 2.4x
This setup rides the bounce from support that matches pivot S1. Confirm with candle wick + volume punch.
Setup #2 — Breakout Continuation:
• Entry: Above 166.62
• Stop: 164 (tight) or 154.86 (sits above quant S2 = 153.41)
• Target 1: 171.38 (just under quant R1 = 172.46)
• Target 2: 180.99 (quant R2 if price rips)
• R/R: 1.6x to 3.4x
Break needs volume. R1 is the battlefield. If we nuke through, R2’s next.
Quant Levels to monitor:
• Support:
S1 = 158.67
S2 = 153.41
• Resistance:
R1 = 172.46
R2 = 180.99
R3 = 186.25
Daily ATR ~11 pts — volatility is favorable
Structure and confluence are clean. Execution depends on price confirmation.
Setup #1 — Mean Reversion Long:
• Entry: 161 to 162
• Stop: 158.78 (sits on quant S1 = 158.67)
• Target: 166.62
• R/R: 2.4x
This setup rides the bounce from support that matches pivot S1. Confirm with candle wick + volume punch.
Setup #2 — Breakout Continuation:
• Entry: Above 166.62
• Stop: 164 (tight) or 154.86 (sits above quant S2 = 153.41)
• Target 1: 171.38 (just under quant R1 = 172.46)
• Target 2: 180.99 (quant R2 if price rips)
• R/R: 1.6x to 3.4x
Break needs volume. R1 is the battlefield. If we nuke through, R2’s next.
Quant Levels to monitor:
• Support:
S1 = 158.67
S2 = 153.41
• Resistance:
R1 = 172.46
R2 = 180.99
R3 = 186.25
Daily ATR ~11 pts — volatility is favorable
Structure and confluence are clean. Execution depends on price confirmation.
Trade active
Alright guys, this is a solid base forming above or S/L which is very comforting! This trade has great upside value!Note
I meant to say "above our Entry zone" not "S/l". Trading Plan: On the topics of S/L. I would bump it up to or above the Entry price and stay long for T1,T2.
1 wick may take you out of the trade, but I like to teach people to not get greedy and that small wins are what builds a consistent trader. Eventually when you have the experience, risk appetite and funds you can take on more risk for bigger gains.
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Get Free Alpha, and alerts, signals. Just starting to build a community t.co/zml5QQcbO1
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.