SOL / TetherUSShort
[SHORT] Solana setup on 4H tf
Updated
Solana is developing a rising wedge pattern in the 4H timeframe with several attempts to break but failing to close outside of the pattern. Wait for a 4H close for confirmation or near the top of the wedge if you feel confident on the pattern.
Condition to enter: a 4H close below the ascending trendline
SL: $24.05
@ a close below $21.10: move SL to entry, at this point is a free ride.
target 1: $18.90
target 2: $17.90
target 3: $16.25
R:R ~3.6
enjoy!
Condition to enter: a 4H close below the ascending trendline
SL: $24.05
@ a close below $21.10: move SL to entry, at this point is a free ride.
target 1: $18.90
target 2: $17.90
target 3: $16.25
R:R ~3.6
enjoy!
Trade active
sorry, a hell of a day yesterday at work, couldn't update. was closed a BEP but reopened with this pump. same SL 24.05, conservative SL 23.51see you tomorrow!
Note
[IMG]if this 4H candle closes above the downtrend you can close the trade or at least bag partial profits
Note
closing half position here and leaving the rest with SL at BEP, same targets.Trade closed: stop reached
half position closed at 9%+ profit, the rest closed at BEP.see you on the next one!
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.