SOL has retraced back to the 38% Fibonacci level on the 5-minute timeframe, showing strong potential for a bounce. On the 15-minute timeframe, we anticipate a move towards at least the 50% Fibonacci retracement level.
This setup is supported by additional technical tools I’ve aligned, providing further confirmation.
⚠️ Entry is advised only if you find confluence with your own analysis.
✅ Personally, I’m comfortable entering this long setup, targeting a Risk-to-Reward ratio of at least 6.84.
Happy Trading! 🚀
This setup is supported by additional technical tools I’ve aligned, providing further confirmation.
⚠️ Entry is advised only if you find confluence with your own analysis.
✅ Personally, I’m comfortable entering this long setup, targeting a Risk-to-Reward ratio of at least 6.84.
Happy Trading! 🚀
Trade active
SL moved to breakeven to mitigate the risk
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.
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.