SOL/BUSD Swing Idea for May 25th, 2020
Updated
1. RSI bottomed out.
2. TD9 on the 2H
3. Stochastic RSI bottomed out.
4. Holding above a few important SR areas.
5. Con FA: There is FUD around token unlocking and MM releasing tokens into the market.
6. Pro FA: There is a price guarantee for staking.
Willing to take a gamble on this. Conviction level is only around 6/10 so I wouldn't sell my house for this. Just a swing that I want to try out. It looks good to me.
SOL/BTC pair also looks ready for a relief bounce:
It could be a huge mistake. Dunno. Will keep an eye on it and see - BTC is weak so I'm prepared to either cut this quickly or DCA into it.
2. TD9 on the 2H
3. Stochastic RSI bottomed out.
4. Holding above a few important SR areas.
5. Con FA: There is FUD around token unlocking and MM releasing tokens into the market.
6. Pro FA: There is a price guarantee for staking.
Willing to take a gamble on this. Conviction level is only around 6/10 so I wouldn't sell my house for this. Just a swing that I want to try out. It looks good to me.
SOL/BTC pair also looks ready for a relief bounce:
It could be a huge mistake. Dunno. Will keep an eye on it and see - BTC is weak so I'm prepared to either cut this quickly or DCA into it.
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Yikes. Quicker than I anticipated. Can TP partially here. Note
DCA'd up a bit. Setup is still valid as originally presented though. Can treat them as two separate https://trades.https://www.tradingview.com/x/jPrhyHyV/Note
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Looking decent. Note
This did pretty well. Setting a stop in profit wouldn't be a bad idea. Note
Still doing relatively well here. Note
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Meandering along. Note
Starting to move a bit. Note
Better. Trade closed: target reached
Full TP reached. Note
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