SOLANA SOLUSD Breaks-Out & Leads Cryptocurrency
https://www.tradingview.com/x/xKz5H3UK/
It was not so long ago that Solana was priced below it's 200EMA on the daily chart.
This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%.
Bitcoin in up about 2% in the Asian Monday session
It was not so long ago that Solana was priced below it's 200EMA on the daily chart.
This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%.
Bitcoin in up about 2% in the Asian Monday session
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Solana pulls back for Buy Orders:
Buying Limit or Market 155 - 155.50
Stop Loss: 152 (below Order block)
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150 is a better Stop Loss but less RR.
(SOLUSD is expected to go much higher over coming weeks.)
Note
Price is pulling back and setting up for another upwards move.
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Buy Order SOLUSD Buying 155-156 zone
SL: 153.40
TP: To be advised. > 200
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Note
Sorry Stop Loss should be read as 149.40 NOT 153.40Trade active
This looks to be the deeper Fib retracement for Solana, which is expected to keep turning upwards in price sharply. But where the Stop?
I think this Stop needs to be deep and the RR will still be superfine.
SL to go 139.90 which is just under the Daily 200EMA.
SL 139.90.
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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.