SolanaLong
Waiting for breakout of bullish P-Wave on SOLUSD
Major Bullish Signs on SOLUSDT
All the analysis Part is viewable on the Chart.
Investment advice:
I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation.
As for now it is possible to scalp the asset when it reaches one of the borders of the formation. Move to a lower timeframe like 5 minutes and long/short the bounce back into the triangle when the trend is obvious on that timeframe. Stop loss is recommended a small distance outside the edge of the triangle.
I will publish the bottom indicator later as it is not as user friendly yet.
All the analysis Part is viewable on the Chart.
Investment advice:
I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation.
As for now it is possible to scalp the asset when it reaches one of the borders of the formation. Move to a lower timeframe like 5 minutes and long/short the bounce back into the triangle when the trend is obvious on that timeframe. Stop loss is recommended a small distance outside the edge of the triangle.
I will publish the bottom indicator later as it is not as user friendly yet.
✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
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.
✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
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.