$SOL/USDT 1h (Binance Futures) Symmetrical triangle breakout
As crazy as it may sound, Solana regained 50MA and broke-out bullish locally again.
If manages to pump here, it is very likely to revisit ATH, maybe even a wick up to a new High!
Current Price= 115.805
Buy Entry = 115.792 - 113.314
Take Profit= 124.061 | 130.420 | 138.980
Stop Loss= 106.398
Risk/Reward= 1:1.17 | 1:1.95 | 1:3
Expected Profit= +16.60% | +27.70% | +42.64%
Possible Loss= -14.24%
Fib. Retracement= 0.786| 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
If manages to pump here, it is very likely to revisit ATH, maybe even a wick up to a new High!
Current Price= 115.805
Buy Entry = 115.792 - 113.314
Take Profit= 124.061 | 130.420 | 138.980
Stop Loss= 106.398
Risk/Reward= 1:1.17 | 1:1.95 | 1:3
Expected Profit= +16.60% | +27.70% | +42.64%
Possible Loss= -14.24%
Fib. Retracement= 0.786| 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
First entry filledSolana bouncing as expected, road to first target it seems.
Trade closed: target reached
TP1 reached with +16.60% (2x) and +1.17RSolana is pushing higher and we are not missing out this time, SL moved up to lowest entry price (113.314$) now.
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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.