Incredible SOLUSDT.P JP TrendForce strategy optimization results SOL on m45 timeframe -JP TrendForce by @DaviddTech-2185-44-32
Short from H2 timeframe; TP target = 0.5845, SL = 0.6.
Price has returned to load zone marked by yellow square. entry: now TP: 1,09321 SL: 1,11606
Return to the yellow zone triggered LONG position to 3.82. SL placed below last bottom (R/R=1:1), that is 0,648 Position size will depend on additional advantages (RSI, VOL, PA, MA, CBA, etc, etc.).
We have a nice bullish try. Looking at Elliot Waves and Fibo retracements, we have cluster (38,2 and 61,8) at 35815. With entry at 36000, and SL at 33830, we can look for TP1 above 40000.
If only we get supply at 180-185 (high volumes with downbars), first step will be 190, with secondary target at 220.