Range Trading on SOL, resistance around 37-40 mark.
I have been following SOL and BTC movement, the logic behind here is simple, short at resistance level.
Volumes on weekend are usually lower than weekdays but there are always occasional manipulation. Always put a SL.
Entered Saturday morning AEST
Leverage: 8x
Entry: 37.43
SL: 5%
Result:
Was up 14% at one...
Entered this short on Saturday morning (AEST) - 09/07/22.
SOL
Entry: 38.89
Leverage: 10x
Initial SL : 39.03 = 5% loss
Strategy:
Followed the movement of BTC and SOL at resistance level. Downtrend expected given the macroeconomic conditions accross all risky assets.