Trade Setup Summary (Solana - 19/04/2025 at 04:33 PM)
Entry Point: 137.50
Target (Take Profit): 141.00
Stop Loss: 135.00
Trend: Bullish (Higher Highs on 30-min Chart)
📈 Technical Outlook (30-min Time Frame)
Trend: Market structure is forming higher highs, suggesting upward momentum.
Entry is in line with trend continuation.
Risk-Reward Ratio: ~1:1.14 — moderate reward relative to risk.
Price Action: Watch for possible rejection or consolidation near the 141 resistance zone.
Stop-Loss is well-placed below recent support levels but could be at risk in case of sudden volatility.
📌 Suggestions
Ensure volume confirms the breakout.
Adjust stop-loss or trail it once price moves in your favor.
Always monitor for unexpected news or macro events affecting crypto prices.
⚠️ Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves substantial risk and may not be suitable for all investors. Always conduct your own research or consult a licensed financial advisor before making trading decisions.
Entry Point: 137.50
Target (Take Profit): 141.00
Stop Loss: 135.00
Trend: Bullish (Higher Highs on 30-min Chart)
📈 Technical Outlook (30-min Time Frame)
Trend: Market structure is forming higher highs, suggesting upward momentum.
Entry is in line with trend continuation.
Risk-Reward Ratio: ~1:1.14 — moderate reward relative to risk.
Price Action: Watch for possible rejection or consolidation near the 141 resistance zone.
Stop-Loss is well-placed below recent support levels but could be at risk in case of sudden volatility.
📌 Suggestions
Ensure volume confirms the breakout.
Adjust stop-loss or trail it once price moves in your favor.
Always monitor for unexpected news or macro events affecting crypto prices.
⚠️ Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves substantial risk and may not be suitable for all investors. Always conduct your own research or consult a licensed financial advisor before making trading decisions.
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.
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.