Short

Activates if BTC gets rejected from 29500-29700 zone

Updated

If BTC retest the 29500-29700 zone get rejected with significant volume, we can take a short on SOL. Targets must be devided in some parts.

Trade active

Bearish RSI divergence on 15 and 30min chart. Stoploss must be higher as BTC can grab liquidity of short sellers inside 30200-30400. Entering now is risky without confirmation of bearish movement

Trade active

If we do not create a local high here then the first target should be $24.2 which is 0.5 fibonacci level (local)
But depends on overall market scenario. 24.8 can also be the first target

Trade active

Closing 25% Trade at 24.8
Close 50% of remaining trade at 24.2
And hold 25% remaining trade till the end
Will move stoploss to entry point after reaching 24.2

Trade closed: target reached

It took longer than expected
According to plan, closed 50% of remaining trade at $24.2 and the remaining position closed manually at $23.43
Healthy Profit with 20x leverage

Shaptarshi

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