Please check the SOLBTC (Solana vs Bitcoin) trade idea below before reading this one...
Ok... Boost! 🚀🤗😄👍 Let's get started!
We have the same pattern as with SOLBTC which is good. It is good to see the BTC and USDT pairs connected as this can be taken advantage of.
First, let us notice the Doji candle 29-Dec. A Doji at support/low signifies indecision. Indecision when it comes to the downside... As Solana starts to move up, volume rises and closes above EMA10, then this Doji is confirmed as a reversal signal.
The second and most important signal is the high volume coming in today, supported by a strong RSI.
Notice the value area is to the upside.
A weak bounce on this pair can lead to 94%. A not so strong rebound can still lead to 175%... Traders can take advantage of this chart setup.
Low risk with high potential for rewards.
Feel free to leave a comment with your questions and suggestions.
Thanks a lot for your continued support.
Namaste.
Note
We have an initial wave of more than 100%, which leads to 500%+ with our 5X.
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.