Long

Sol - LONG Trade Setting Up

Updated

Keeping it simple. Green box for entry, Red box for resistance needed to break to go higher. A bounce here from the green line acting as mid support, but expecting one more deeper pullback to retest 188-189 (strong 4h block order here with strong reaction historically). Timeframe is not to scale, just drew arrows to show possible pathway.

Note: just for fun, not financial advice.

Comment

I set a few bids lower as well around 184 to catch a wick. Guessing BTC does some sort of move down in next 24hrs. Only small risk (less than 2%) due to volatility atm. Will add to position once we get above the red zone and find support there.

Comment

Bids filled. Average buy at 185. Reduced position at 195 to push entry lower to 180. Will place stop at 179, being start of week and all I dont want to risk too much atm. As mentioned before, will add on strength as/ if we flip res.
Expecting a bit of down on charts today to put in a daily low, which would give us a strong week ahead.

Comment

Swept lows a bit deeper than planned. Re-entered. Target still ATH. If you prefer a safer entry wait for a break a support to form on red zone.

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