SOL / TetherUS PERPETUAL CONTRACT
Long
Updated

SOL long

577
I just might enter a long limit order with low risk (0,5-1%) with entry in the daily FVG. Not so confident because of the POC is a lot lower (around $143), so it might go down there. And there´s a lot of factors that can affect the market, like the US presidential election and the Iran-Israel conflict.

1:5 R:R

Entry: 156.9
TP: 174.4
SL: 153.4

My trade becomes invalidated if it hits TP before entry or if a new FVG is formed.

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Trade active
Entry has not yet hit. I rethought my idea after a discussion with a fellow trader. Now I will put two limit trades, both with 0,5 % risk:

TRADE 1:
Entry: 156.9
TP: 174.4
SL: 147.5

TRADE 2:
Entry: 153.2
TP: 174.4
SL: 147.5

So, the stoploss moved below the OB and second entry in the OB. There´s also some volume there historically which might be acting as an magnet for the price.
Trade active
My first entry @ $156.9 just hit. Let’s see how it goes.
Trade active
Took profit @ $160 and moved SL to BE, so first trade risk free with profit now!
Note
I will move SL to $160 if it hits $165 and set TP2 @ $169.
Trade active
SL moved to $160 because it broke structure above $165 now.
Trade closed: target reached
TP2 and final TP hit. Successful trade!

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