Is it time for short Solana(SOL)? Analysis of price momentum
Updated
Each spike can target 102% to 132% if momentum is maintained.
Currently, X has reached the target of 102, in general, the supply is increasing sharply between the range of 102 to 132 percent.
But we have another confirming factor which is the daily pivot supply area
For this reason, it is possible to short solana with a loss limit above the daily supply area.
Considering that we have hit the daily supply area, the TP can be 3 to 5 times the daily ATR, which is 1.7 and 2.7 times for our trade, respectively.
Currently, X has reached the target of 102, in general, the supply is increasing sharply between the range of 102 to 132 percent.
But we have another confirming factor which is the daily pivot supply area
For this reason, it is possible to short solana with a loss limit above the daily supply area.
Considering that we have hit the daily supply area, the TP can be 3 to 5 times the daily ATR, which is 1.7 and 2.7 times for our trade, respectively.
Note
R/R=1 target reachedTrade closed: target reached
more than R/R=2 target reached with zero pip trade on open price ;)Note
I closed all of my shorts on 99$I hope enjoy ;)
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