$SOL/USDT 1h (Binance Futures) Descending channel near breakout
Solana is forming a bullish flag and is looking ready to go for a new ATH (All Time High).
Current Price= 15.0445
Buy Entry= 14.8542 - 14.4342
Take Profit= 16.0321 | 18.1594 | 19.8427
Stop Loss= 13.5295
Risk/Reward= 1:1.25 | 1:3.15 | 1:4.66
Expected Profit= +18.96% | +48.00% | +71.00%
Possible Loss= -15.22%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Current Price= 15.0445
Buy Entry= 14.8542 - 14.4342
Take Profit= 16.0321 | 18.1594 | 19.8427
Stop Loss= 13.5295
Risk/Reward= 1:1.25 | 1:3.15 | 1:4.66
Expected Profit= +18.96% | +48.00% | +71.00%
Possible Loss= -15.22%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
All entries filledSolana dipped as expected, let's see if it bounces back now!
Trade closed: stop reached
SL hit with -15.22% (2x) and -1RSeems like Solana is dipping lower, better take a loss until I see another opportunity to enter.
Market is looking weak and could continue the correction this weekend.
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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.