$SOL/USDT 1h (Binance Futures) Descending channel near breakout
Updated
Solana is forming a bullish flag and is looking ready to go for a new ATH (All Time High).
Current Price= 15.0445
Buy Entry= 14.8542 - 14.4342
Take Profit= 16.0321 | 18.1594 | 19.8427
Stop Loss= 13.5295
Risk/Reward= 1:1.25 | 1:3.15 | 1:4.66
Expected Profit= +18.96% | +48.00% | +71.00%
Possible Loss= -15.22%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Current Price= 15.0445
Buy Entry= 14.8542 - 14.4342
Take Profit= 16.0321 | 18.1594 | 19.8427
Stop Loss= 13.5295
Risk/Reward= 1:1.25 | 1:3.15 | 1:4.66
Expected Profit= +18.96% | +48.00% | +71.00%
Possible Loss= -15.22%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
All entries filledSolana dipped as expected, let's see if it bounces back now!
Trade closed: stop reached
SL hit with -15.22% (2x) and -1RSeems like Solana is dipping lower, better take a loss until I see another opportunity to enter.
Market is looking weak and could continue the correction this weekend.
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