SOLBTC anaylsisSell2 and sell 1 signal say we must not buy. Here is my analysis:
1. We can buy when risk/reward ratio greater than 2 = 200 satoshi
2.We can buy at support = 135 satioshi
3. We can buy when resistance turns to support (1D open & close above resistance) =380 satoshi only if we get a BUY1/BUY2 signal.
Please use EngineeringRobo buy signals for buy decision and make sure that the risk/reward ratio is greater than 2. The bear signal is yet to come, so I predict will dip even lower.
Chart is above the McGinley dynamic = we should not buy right away.
Solbtc
SOL/BTC (Found Support @ 24k sat?)BINANCE: SOLBTC
-This coin bounces at previous key support area around 24k sat
-If SOL can hold this important area of support for 2-3 days
-And Bitcoin started moving sideways (Not Dumping)
-There is a chance SOL may bounce back up to 32k sat or higher
-Trading Altcoin today is a very high risk
-Please exercise proper risk management and use stop-loss
SOL.BTC (Y20.P3.E1).Gems in the making.No.4Hi,
Another DeFi I had and have my eyes on since I sold them for this upcoming potential move, or maybe lower.
Either way, one must plan for scenarios so to feel comfortable in the trade.
Remember, with ever dump, or drop, it gives a great opportunity, like now. But don't rush it, look for key levels you want to see pass or supported and not those that go to quick.
You will wrecked on such moves. Let it settle and see what the chart offers.
With Sol pairing, I had this chart before the BTC breakout. I'm not claiming anything, just envisioning if it rolls this way.
Now if it plays out similar to this at this level, then its a great opportunity, otherwise lets wait so see what other else is given.
Lets keep stalking this one and see how this pans out.
Cheers,
S.Sari
Solana - Huge giveaway, Cybertrack, and Dex with FTX Despite the scary wicks, highlighted on the chart, I still believe that SOLUSDT doesn't topped yet.
Why? The overall environment is looking good. FTX is launching a decentralized crypto exchange built on the Solana blockchain soon, besides, The Solana Foundation will conduct airdrop with a chance to win a Tesla Cybertruck (rules on their website or in my TG channel).
Outlined a couple of trading ideas on the chart.
Disclosure: Currently I long Solana.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
SOL/BTC (New Support Area?)SOL/BTC
-After a strong rebound from 8500 range and break the recent high at 15200 range
-We can see some bullish rejection on previous resistance
-The new potential area of support is at 15200 zone
-And if this level will hold for the next few days despite the BTC Dominance breakout
-I think this coin has the chance to continue higher
-But again, trading Altcoin is a high risk today during BTC breakout confirmation
SOL/USD AnalyzingSOL or SOLANA is one of most rising coin last days and it was listed on FTX Exchange.
It's price just hit $2 and possible to reach the top price $2,1
Then it looks like going to fall till $1,61
If it breaks $1,61 support,
its next targets are $1,41 and $1.1
It's nice price to order short above $1,95
Good luck.
SOL/BTC (Strong Key Support Area)SOL/BTC
-after pumping up to 170% increase last July 15
-the price has retraced and it is back to the area of confluence
-this green support line has multiple key factors
-the reason the price has bounced twice at this support zone
-if this level will hold for the next 5 days or so
-I'm expecting this area will be its new swing Higher Low
-and expected to continue up to 13800 range
-a potential bigger consolidation pattern is being made
-bearish scenario if the upward trendline is broken
-will lead to extended correction in the future
That is why we must not enter on asset with low liquidity.Hello, traders.
In our telegram group, we started a discussion earlier today about why it is dangerous to enter assets with low liquidity.
And so we saw this asset on the daily chart.
Hey, take a look at SOLBTC. The price has been going up in the last few days, but the asset is recently listed, so we don't have many points to base it on this chart! I believe that a correction will come soon as the price is now far from the 20-period moving average.
On the 5 minutes chart, I see that this asset has liquidity problems, so I am afraid to buy assets with low liquidity because a big sale order can move the price considerably downwards.
And it happened after minutes, A simple decision prevents you from losing money in the market.
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ALTs.BTC (Y20.P3.E1).Looking for opportunitesHi again,
Sometimes I have time to post these small opportunities.
Note: SOL Liquity is small.
The coins I'm watching today are:
SOL.BTC
BNB.BTC
BAND.BTC
STRAT.BTC
RLC.BTC
DATA.BTC
VET.BTC
TRX.BTC
QTUM.BTC
ATOM.BTC
ERD.BTC
Already made moves on LINK.BTC, XTZ.BTC, KAVA.BTC, ADA.BTC, ETH.BTC, ERD.BTC
Cheers,
S.Sari
Shxt, didn't get it out quick enough. It broke out already.
ERD.BTC
BNB.BTC
STRAT.BTC
RLC.BTC
KAVA.BTC
QTUM.BTC
ATOM.BTC