This is an update on my previous analysis of Sol, But using my 1hr timeframe chart, which is a little more of a zoomed in picture than my normal daily charts. My first thoughts were we would hit 39, But we got pretty close to that yesterday when we hit the $40 order block. I did anticipate a higher low forming too and we are here now. We still have our lower high structure intact, so I do think there's room to go lower and touch the top of the last bullish order block on the daily timeframe, which is around 34,5-35. Which is my target for exiting my trade. I will then look for a break in structure and enter a long to the 50s.
I assume you were stopped out. Did you make another entry? I’m looking for another scalp
LisaLamla17
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@SellHiBuyLo, I'm still in the trade. But ito another entry I think there's still room for another entry on the hourly, maybe a LH forms there? Coz I think spx (15 min) and btc (H1) might both put in LHs. Around the time I see one that I'd be interested in forming I can come on here and let you know. Unless I slept through it lol!
What was your entry price and stop, if you don’t mind sharing?
LisaLamla17
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@SellHiBuyLo Hey! 43.7, but I always like have really tight stops around the top or bottom of the order block I entered in... coz if the order block breaks I'm usually wrong about my entry. On average I usually attempt twice or I accept I'm just wrong lol 😂!