$SOL/USDT 1h (#BinanceFutures) Falling channel on midline
Updated
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
WSOL
Website: solana.com
Contracts:
#Mainnet
#BEP20 0x570a5d26f7765ecb712c0924e4de545b89fd43df
#SPL So11111111111111111111111111111111111111112
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
WSOLWebsite: solana.com
Contracts:
#Mainnet
#BEP20 0x570a5d26f7765ecb712c0924e4de545b89fd43df
#SPL So11111111111111111111111111111111111111112
Trade closed: target reached
TP1 reached with +17.58% (2x) and +1.25RSolana 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 +2.15RSolana 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 +0.21RSolana lost support and broke-down locally, we've got kicked-out in small profit.
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