Long

$SOL Short Term Trade

Updated

Looking good for a short term breakout on the 4h.

Price has formed a short term descending channel.

I will enter this trade upon a break of the the 4h descending channel AND a break of the descending 4h RSI resistance.

This is a HIGH RISK trade as we will probably not see a 4h close above these levels in the next few minutes.

I am using the Stochastic RSI to increase my confidence in this trade.

Stoploss to be set right inside the descending channel.

Measured move target is around 181.8-182.8

Enter with a break of the 4h RSI down trend as well as a break above the descending channel. Personally I will be taking the trade when those two occur but it will be very high risk trade as we probably will not have seen a 4h close above those levels within the 30min of this post. Im using the stochastic RSI to support this trade. Measured moved targets are around 181.8-182.8

Note

TP 1 hit
Personally I took an early TP 2

Trade Closed

The_Oracle_ZA

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