Solana – Second Entry
TLDR:
• This trade is for those of you that missed the first entry I gave (linked idea).
• This trade can also be an opportunity to compound the trade if you took a profit.
• There are two possible reentry points: 17.65$ - 18$ and 15.95$ - 16.71$.
• My medium-term targets for SOL are 26.45$ and 39$.
Entry No.1: 17.65$ - 18$
• This is a demand zone created on the 4H TF. However, this demand zone may be already depleted (blue dot).
• The second confluence for this demand zone is the 21D EMA.
Entry No. 2: 15.95$ - 16.71$
This is an untested demand zone on the daily timeframe.
There is additional confluence for this zone from the Lux Algo Range Sentiment indicator.
Trade Idea:
Entry: 16.76 USD
SL: 15.63 USD.
Target: 26.45 and 39 USD.
TP: Take some profit or move your SL close to the supply zones
• This trade is for those of you that missed the first entry I gave (linked idea).
• This trade can also be an opportunity to compound the trade if you took a profit.
• There are two possible reentry points: 17.65$ - 18$ and 15.95$ - 16.71$.
• My medium-term targets for SOL are 26.45$ and 39$.
Entry No.1: 17.65$ - 18$
• This is a demand zone created on the 4H TF. However, this demand zone may be already depleted (blue dot).
• The second confluence for this demand zone is the 21D EMA.
Entry No. 2: 15.95$ - 16.71$
This is an untested demand zone on the daily timeframe.
There is additional confluence for this zone from the Lux Algo Range Sentiment indicator.
Trade Idea:
Entry: 16.76 USD
SL: 15.63 USD.
Target: 26.45 and 39 USD.
TP: Take some profit or move your SL close to the supply zones
Note
First entry almost hit. SOL reached 18.15 and reversed. Maybe we'll get another shot at this. If you took the long, good luck
Related publications
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.
Related publications
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.