SOL/USDT Secondary trend (part). Triangle. 1 10 2023

Updated

Logarithm. Time frame of 3 days. Secondary trend (part). A very clear ascending triangle has been formed. The price is being driven to its resistance at the moment. There may be a pullback from it, and then we will see. While the price is in the triangle (until the decoupling), it is hardly rational to open a position from the position of risk management. The reversal zones are shown on the chart. Percentages of formation targets are similarly shown as most traders see them. To “take profit” you should always take less than “expected” by the majority.

Line chart.

Major trend. Time frame 1 week.

SOL/USD Main trend. Cycles.

Risk management XXX..

It is extremely important, on such HYIPs, over pumped (“bottom” is not even shown on the price chart, not fair competition, fund prices) to observe risk management. Take profit long/short and forget it. Work in parts of the position. Limit potential losses, protect profits if price moves according to your plan. Don't catch lows and highs, it's not necessary.

Note

You must turn other people's market mistakes into your profits..

Note

Breakdown of ascending triangle resistance. It is important to consolidate above this resistance. Remember the probability of false breakdowns as well.

Trade closed: target reached

Let's go quite large liquidations of shorts positions on the micro movement on the trend +8%)))).

When the price falls - the majority of market participants are waiting for prices to rise.

When the price rises—the majority, "by habit of former self-delusion" expects prices to fall ... The greater the price rise, the greater the expectation, up to the "point of breaking the opinion" (when it is already necessary to do everything the other way around).

An ideal scheme of making money on the expectation of the majority.

Trade active

Trade closed: target reached

1 target reached. Exactly 79.18% (by the way 1318) into 46.60 level (magnet 46.9). Reversal from the designated day from October 19-20 (vertical line marked earlier in the publication).

Note

Pardon me, target 2 has been accomplished.

Trade active

+111.16% from the breakout. We are confidently heading towards the classic triangle target of +154%. This is what is the beginning of trend reversals, everyone is given a chance to make money

Trade closed: target reached

exactly +160% (159.98 code) to the level of 66.20, which is the 3rd target of the triangle (almost maximum). There will be either a pullback or a "saw". I advise to transfer profit to other identical assets before the start or protect it with a trivial stop.

Trade closed: target reached

Further pumping after 2 week consolidation at the zone of 66.20 level. Already x2 from the previous bullish triangle target +154%.

The chart shows the resistance levels of this pump, if for some reasons clear only to you have not yet sold most of the position or the stop on the defense below the level of 46.6 have not dropped out at the target of 66.20.

The first resistance zone is the bowl targets (quite logical). 260 is the former highs of the former distribution (unlikely). Remember that now in momentum from the breakout +330% for a coin of this liquidity is a lot. Money from different wrappers smells the same, remember that. Coins are just tools with the help of volatility you earn, not ticker names (scam/not scam).

Trade closed: target reached

another target closed at $171 The price is moving towards historical highs, the $260 zone (everything is the same as on BTS, the formation of a huge triangle in conjunction with the 2021 highs)

Note

From the resistance zone of 171.69 (humorous to the maximum of 210.18, as well as the specified zone of "resistance") reversal and local decrease, formation of a sideways triangle at 712.76% from the reversal level of 25.86$ (resistance of the bullish triangle).

That is, work with this triangle, who is not particularly friendly with the head and risk management. In the work necessarily use stop loss, because the price of "promising cryptocurrency" is now at inadequate super profit. By the way, this is relevant both long and short. If for some reason you are working with this cryptocurrency (one of thousands), it is rational to wait for the triangle decoupling, and then enter the position, but with a stop.

Note

👀The price is now from the minimum from the reversal after the first distribution (first “investors” +260 000%, “traders” +22 700%) and the decline by -96%, then after the decline of this price is almost +2600%.

🔈 Now there is an aggressive marketing promotion of this speculative crypto wrapper with a humorous reverse true in meaning name from the creators themselves.

Note

Why am I doing this update when I closed the position a long time ago? To show you how it is.

1️⃣ When the price is conditionally cheap, there is silence and zero interest....

2️⃣ When the price has risen significantly, hamsters show interest, but have doubts about the rationality of the purchase. There are few experts and “talking heads” noise hamster thinking.

3️⃣ When the price is already in profit, more than +1000% Mostly “talking heads” noise. Hamsters buy a phantom as an investment as “promising”, waiting for "XXX"! After all, “funds buy” according to the news cryptocurrency on XXX, with a very obscene name and black humor over all the experts who understand the details of the illusion, but the main thing never understood in the majority !

Note

Buy cheap, sell expensive.
But, not vice versa, even if you are led to believe that very expensive will become even more expensive.

SpartaBTC

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SOL/USD Main trend. Cycles.

by SpartaBTC

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