Evening Traders,
Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibonacci Support
- MS Higher Low
SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias.
The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again.
Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibonacci Support
- MS Higher Low
SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias.
The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again.
Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.