$SOL/USDT 1h (#BinanceFutures) Falling channel on midline

Solana is looking good for a bounce on demand zone here and resume bullish after.

Current Price= 42.10
Buy Entry = 41.92 - 40.72
Take Profit= 44.95 | 47.57 | 49.75
Stop Loss= 38.41

Risk/Reward= 1:1.25 | 1:2.15 | 1:2.9
Expected Profit= +17.58% | +30.36% | +40.80%
Possible Loss= -14.08%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 1 week

Tags: #SOL #SOLUSDT #PoS #Staking #PoH #Blockchain #Scaling #NFT #Web3 #Lending #DApp #DeFi #BSC #SolEco

Website: solana.com

Contracts:
#Mainnet
#BEP20 0x570a5d26f7765ecb712c0924e4de545b89fd43df
#SPL So11111111111111111111111111111111111111112

Trade closed: target reached

TP1 reached with +17.58% (2x) and +1.25R

Solana bounced back then broke-out regaining 100EMA as forecast, that's a nice relief!
Now almost at second target, let's hope we'll hit it soon, SL adjusted to last entry (40.72) anyway.

Trade closed: target reached

TP2 reached with +30.36% (2x) and +2.15R

Solana continued upwards bringing nice profit and is now pulling back to support.
Last target is in play, SL edited up to highest entry (41.92) to secure the trade.

Trade closed manually

Remaining position closed with +2.90% (2x) and +0.21R

Solana lost support and broke-down locally, we've got kicked-out in small profit.

TradingOn

Also on:

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.

TradingOn

Also on: