RSibayan

SOL - BREACHED RESISTANCE! What's next?

COINBASE:SOLUSD   Solana / U.S. Dollar
Happy Cold Thirsty Thursday, Traders!

Hope you find value from this post.

If you did, pls like and consider following.

Here's a trading idea.

But firstly...

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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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Solana has now reached its 12MA and poked its head out of the Red Resistance A.

If Solana bulls have the strength, today we might see a push towards the 21MA and even towards the 50MA.

A Rejection could bring Solana back down towards the Green Support Line at 130 or even towards the Dashed Green Descending Support Line around 120.

MACD: Weak Bullish Divergence (It's a Bullish Divergence , nevertheless)

Stoch RSI: Momentum towards the Overbought regions, crossing bullish again and could continue staying over at that region until price action reverts.

Always remember to place your Stop Loss.

Price action is KING!

Patience and Discipline are KEYS to a successful trade.

Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.

Be PERSISTENT and stay PERSISTENT.

Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.

If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.


More power to all your trades, my friends!

Ron
Intrepid_Trader





Disclaimer

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