Happy Hump Day, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
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. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
SOL pushed towards its 21MA and Red Resistance Extended Trend Line and apparently got rejected.
So, what's happening next?
A. A breakout to the downside will bring SOL potentially back to its 12MA to test it again. Further drop could bring SOL down towards its previous support at $80.83. If that support fails, it's down to $66.15.
B. A breakout to the upside will bring SOL towards the 50% Fib level at 170.41.
C. SOL could consolidate (move/range sideways) until the 12MA and 21MA meets and could either push up or down.
MACD: Bullish Cross, MACD line below Zero Level (more upside potential).
Stoch RSI (1Wk TF): Oversold Region and about to cross bullish.
Price action is KING!
Always remember to place your Stop Loss.
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
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
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. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
SOL pushed towards its 21MA and Red Resistance Extended Trend Line and apparently got rejected.
So, what's happening next?
A. A breakout to the downside will bring SOL potentially back to its 12MA to test it again. Further drop could bring SOL down towards its previous support at $80.83. If that support fails, it's down to $66.15.
B. A breakout to the upside will bring SOL towards the 50% Fib level at 170.41.
C. SOL could consolidate (move/range sideways) until the 12MA and 21MA meets and could either push up or down.
MACD: Bullish Cross, MACD line below Zero Level (more upside potential).
Stoch RSI (1Wk TF): Oversold Region and about to cross bullish.
Price action is KING!
Always remember to place your Stop Loss.
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
