I opened a Long yesterday around at the 0.618 fib level. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long on SOL :
► Confirmation of the retrace and breakout of the falling triangle (yellow lines)
► Retrace of the 0.618-0.65 fib level
► Bounce from the support line (blue)
► High risk reward ratio
Trading setup:
Entry: $29544
SL: Moved to breakeven ($29544) It was at $29200
TP1: $32100 (60%)
TP2: Let it run till 40k area if this scenario plays out and move your SL above TP1 level
⚡Just to notice. We ar right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡
Disclaimer: DYOR. No financial advice. Just for your impression.
And that's the main reasons I decided to take a long on SOL :
► Confirmation of the retrace and breakout of the falling triangle (yellow lines)
► Retrace of the 0.618-0.65 fib level
► Bounce from the support line (blue)
► High risk reward ratio
Trading setup:
Entry: $29544
SL: Moved to breakeven ($29544) It was at $29200
TP1: $32100 (60%)
TP2: Let it run till 40k area if this scenario plays out and move your SL above TP1 level
⚡Just to notice. We ar right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡
Disclaimer: DYOR. No financial advice. Just for your impression.
Trade active