$SOL scalp - August scalping journey trade Nr. 8
Couldn't post the last win on WIF here on TradingView but this setup here on SOL. 
In this analysis, we're examining SOLUSDT on the 1-hour chart. The price has recently tested the 4H Balanced Price Range (BPR) and is now approaching the 1H Demand Zone. This zone presents a potential opportunity for a long position, targeting a retracement to higher levels.
Key Levels:
1H Demand Zone: This is the key support area we are focusing on. If the price holds above this zone, it could trigger a bullish reversal.
4H Balanced Price Range (BPR): The price has interacted with this balanced area, suggesting a point of equilibrium in the market. This interaction adds weight to the likelihood of the 1H Demand Zone holding.
Market Structure:
Break of Structure (BOS): Multiple BOS have occurred previously, indicating the market's transition from a downtrend to an uptrend. The current pullback into the demand zone could be a healthy correction before a continuation higher.
Trade Plan:
Entry: Market Entry now on the BPR and a DCA bid lower at the 1H demand
Stop Loss: A stop loss could be placed just below the 1H Demand Zone, around the 140.76 USDT level, to manage risk.
Target: The first target could be set at around 158.3543 USDT
In this analysis, we're examining SOLUSDT on the 1-hour chart. The price has recently tested the 4H Balanced Price Range (BPR) and is now approaching the 1H Demand Zone. This zone presents a potential opportunity for a long position, targeting a retracement to higher levels.
Key Levels:
1H Demand Zone: This is the key support area we are focusing on. If the price holds above this zone, it could trigger a bullish reversal.
4H Balanced Price Range (BPR): The price has interacted with this balanced area, suggesting a point of equilibrium in the market. This interaction adds weight to the likelihood of the 1H Demand Zone holding.
Market Structure:
Break of Structure (BOS): Multiple BOS have occurred previously, indicating the market's transition from a downtrend to an uptrend. The current pullback into the demand zone could be a healthy correction before a continuation higher.
Trade Plan:
Entry: Market Entry now on the BPR and a DCA bid lower at the 1H demand
Stop Loss: A stop loss could be placed just below the 1H Demand Zone, around the 140.76 USDT level, to manage risk.
Target: The first target could be set at around 158.3543 USDT
Note
Both bids got filled but nearly stopped out!
Now back in profit with the entry price at 147.40 🔥
Moving my stop loss closer to 143.34 if you want to be secured move it to break even ✅
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Discord (Crypto + Stocks) - discord.gg/G9c5TGETt2
Telegram (Stocks only) - t.me/+U7KhRNv61XczZmQ0
💯 Free
✅ Swing & Intraday Trading
✅ Chart Requests
✅ Everyday more than 4 posts
✅ Total <1100 Members
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