So the trade I took at 21:00 UTC stopped out...
The candle at 23:00 took it out by a smidge and price may still continue downward after publishing this post.
We can see that price so far has touched the trend line twice and the trend line seems to now be acting as support. So I will be looking for a re-entry on another long trade.
The failed trade has made take...
Following on from my previous idea re the anticipation of the liquidation phase of Solana reversing. I have seen several confirmations today that Solana is indeed in the early phase of moving upwards and have placed a long position as of 21:00 UTC.
Price action has shown me the following story so far
1. Price breakout from the descending trend line
2. Retrace...
Solana has been in a liquidation phase, during the Crypto bull market for the last week or so.
The TSI indicator shows a divergence (TSI1), followed by a very bullish candle with high volume. The price has been retracing back down since the bullish candle but the volume on the downside seems to be weak and does not give me confidence to think that it will...
I'm considering taking this short trade based on a very simple idea of the volume moving in correlation with the price action. What I see is a very large move on the downside followed by a weak pullback. I will place a short trade if the price closes red on the next hourly candlestick and the volume bar closes higher than the previous. Lets see what happens!
