TradingOn

#SOL/USDT 8h (ByBit) Ascending wedge breakout and retest

Short
TradingOn Updated   
BYBIT:SOLUSDT.P   SOLUSDT Perpetual Contract
Solana just printed a gravestone doji star which may have marked the local top after such rise.
RSI got rejected on overbought territory as well, finally looks like it could correct towards 50MA.

⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 4.8%

Current Price:
92.835

Entry Targets:
1) 94.926

Take-Profit Targets:
1) 79.273

Stop Targets:
1) 102.772

Published By: @TradingOn

SOL SOLUSDT.P #Solana solana.com

Risk/Reward= 1:2.0
Expected Profit= +82.4%
Possible Loss= -41.3%
Estimated Gaintime= 5-10 days

Trade active:
ByBit USDT
#SOL/USDT All entry targets achieved
Average Entry Price: 94.926 💵

SOL just filled our entry, zooming in a bit we can see an evening doji star as well, looks promising.

Trade closed: stop reached:
ByBit USDT
#SOL/USDT Stoploss ⛔️
Loss: 41.3269% 📉

SOL pushed higher stopping us out, then printed an evening star that marked the local top.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.