SOL / TetherUSLong
SOL Gol
Updated
📊 Analysis by AhmadArz: SOLUSDT Technical Analysis Using Price Action
This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades.
🔍 Entry Point:
The entry point occurs when the price breaks above the descending channel line (blue line) and confirms with a strong bullish candle. Typically, this happens with a significant bullish candle closing above the channel line. Therefore:
Suggested Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
🛑 Stop Loss:
The stop loss should be placed at a level where, if the price reaches it, the likelihood of further decline is high. This point is usually below strong support areas. Therefore:
Suggested Stop Loss: 120.80 USDT (below the lowest swing) 🚫
🎯 Take Profit:
After entering the trade, setting price targets is crucial to optimize your profit. In this analysis, several Take Profit (TP) levels are identified, each with its own rationale:
TP1: 127.72 USDT 💰
Reason: This level is close to the entry point and serves as the first short-term target. The goal is to lock in short-term gains and reduce risk.
TP2: 142.43 USDT 🔄
Reason: This level is near the previous descending trendline, which may act as resistance. This is a suitable target for a mid-term exit.
TP3: 149.20 USDT 🚀
Reason: This level is a strong previous resistance where the price might react. Breaking this level could lead to further upward movement.
TP4: 157.55 USDT 📈
Reason: This level is near a key resistance where the price has reacted multiple times before. Targeting this level indicates a high likelihood of price reaction.
TP5: 163.98 USDT 📊
Reason: This level is near the highest price level in the recent period. If the price reaches this level, it is likely to stabilize.
TP6: 174.65 USDT 🌟
Reason: This level is a long-term target and the highest resistance level in the analysis. Reaching this level could indicate further potential for higher prices.
📊 Signal Story:
This analysis shows that SOL/USDT is moving within a descending channel. If the price can break above the descending channel line and confirm with a bullish candle, it is likely to move towards higher targets. Therefore, the suggested entry point is around 127.90 USDT. 📉
The stop loss is placed below a strong support area to prevent significant losses if the price moves downward. The Take Profit (TP) targets are specified in sequence, which can be used to set exit points. 🚫
💡 Key Points:
Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
Stop Loss: 120.80 USDT (below the lowest swing) 🚫
Take Profit Targets (TP):
TP1: 127.72 USDT 💰
TP2: 142.43 USDT 🔄
TP3: 149.20 USDT 🚀
TP4: 157.55 USDT 📈
TP5: 163.98 USDT 📊
TP6: 174.65 USDT 🌟
🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀 Please boost and 💬 comment to share your thoughts with us!
This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades.
🔍 Entry Point:
The entry point occurs when the price breaks above the descending channel line (blue line) and confirms with a strong bullish candle. Typically, this happens with a significant bullish candle closing above the channel line. Therefore:
Suggested Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
🛑 Stop Loss:
The stop loss should be placed at a level where, if the price reaches it, the likelihood of further decline is high. This point is usually below strong support areas. Therefore:
Suggested Stop Loss: 120.80 USDT (below the lowest swing) 🚫
🎯 Take Profit:
After entering the trade, setting price targets is crucial to optimize your profit. In this analysis, several Take Profit (TP) levels are identified, each with its own rationale:
TP1: 127.72 USDT 💰
Reason: This level is close to the entry point and serves as the first short-term target. The goal is to lock in short-term gains and reduce risk.
TP2: 142.43 USDT 🔄
Reason: This level is near the previous descending trendline, which may act as resistance. This is a suitable target for a mid-term exit.
TP3: 149.20 USDT 🚀
Reason: This level is a strong previous resistance where the price might react. Breaking this level could lead to further upward movement.
TP4: 157.55 USDT 📈
Reason: This level is near a key resistance where the price has reacted multiple times before. Targeting this level indicates a high likelihood of price reaction.
TP5: 163.98 USDT 📊
Reason: This level is near the highest price level in the recent period. If the price reaches this level, it is likely to stabilize.
TP6: 174.65 USDT 🌟
Reason: This level is a long-term target and the highest resistance level in the analysis. Reaching this level could indicate further potential for higher prices.
📊 Signal Story:
This analysis shows that SOL/USDT is moving within a descending channel. If the price can break above the descending channel line and confirm with a bullish candle, it is likely to move towards higher targets. Therefore, the suggested entry point is around 127.90 USDT. 📉
The stop loss is placed below a strong support area to prevent significant losses if the price moves downward. The Take Profit (TP) targets are specified in sequence, which can be used to set exit points. 🚫
💡 Key Points:
Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
Stop Loss: 120.80 USDT (below the lowest swing) 🚫
Take Profit Targets (TP):
TP1: 127.72 USDT 💰
TP2: 142.43 USDT 🔄
TP3: 149.20 USDT 🚀
TP4: 157.55 USDT 📈
TP5: 163.98 USDT 📊
TP6: 174.65 USDT 🌟
🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀 Please boost and 💬 comment to share your thoughts with us!
Note
TP.2 HitNote
Trade closed: target reached
Step by Step 💲✨🎖️🟢Trade closed: target reached
TP=5 🎖️🎖️🎖️🎖️🎖️Trade closed: target reached
Booom Booom near Full TP 🟢💲🚀🎖️Trade closed: target reached
Full Tp = 38% 💲🟢💲Trade closed: target reached
Trade closed: target reached
To receive more signals⬇️⬇️⬇️
Telegram VIP signal channel:📢 t.me/ahmadarzvip
Telegram VIP signal channel:📢 t.me/ahmadarzvip
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