12h time frame
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SOL creating a rising channel or could be called as bearish flag, it just hit the channel top and got rejection. Also, there were two times SOL hit the upper uptrend line, and both got further dump. Both dumps satisfied 0.707~0.786 Fibonacci Retracement, so we can set target at the potential Fibonacci level around 20.5~23, this trading provides great risk to reward ratio(over 5)
TP: 20.5~23
SL: 40
-
SOL creating a rising channel or could be called as bearish flag, it just hit the channel top and got rejection. Also, there were two times SOL hit the upper uptrend line, and both got further dump. Both dumps satisfied 0.707~0.786 Fibonacci Retracement, so we can set target at the potential Fibonacci level around 20.5~23, this trading provides great risk to reward ratio(over 5)
TP: 20.5~23
SL: 40
Trade closed: stop reached:
Hit SL(8%), closed.
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→Join Teaching Group for free!(PM me)
