Am waiting for my entry confirmation to short solana back to $130.
Am very confident about this trade working out. The structure is clear and it checks the box according to my trading plan so the odds are definitely in my favor.
Trade might give 4-6 RR which is great depending on the entry.
A stop above $148 area should be alright.
Last week wasn't very great for me, upon review I realized my oversight, it all boils down to not following my trade plan 100% so the main focus for this week and going forward is to ensure the plan is followed else am not gonna get those amazing results I've been getting in prior weeks.
Target for this trade is $130...though depending on the price momentum I might decide to exit earlier rather than holding through another short term correction before the target...or maybe I just take partial. I'll update here.
Am very confident about this trade working out. The structure is clear and it checks the box according to my trading plan so the odds are definitely in my favor.
Trade might give 4-6 RR which is great depending on the entry.
A stop above $148 area should be alright.
Last week wasn't very great for me, upon review I realized my oversight, it all boils down to not following my trade plan 100% so the main focus for this week and going forward is to ensure the plan is followed else am not gonna get those amazing results I've been getting in prior weeks.
Target for this trade is $130...though depending on the price momentum I might decide to exit earlier rather than holding through another short term correction before the target...or maybe I just take partial. I'll update here.
Trade active
Just entered solana short.
Stop above
146A area Note
solana ended up forming a new support on th daily tf just recently. That reduces the odds of it falling back to $130. At least for now.Note
Re-positioned solana shortNote
Shorted solana again.
Note
Moved my stop to Break even
Note
Re entered again
Note
Adjusted targets. Realized the market been rejecting from minor supports so I'll be watching those levels closely so as not to make same mistake of holding through them again. Thought I think it might break this time as we getting alot of sell pressure on bitcoin.
Note
Moved my stop to break even
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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.