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

SOLUSDT Perpetual ContractBybit

Description

⋅ Dec 22, 2023 11:05 AM

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: @Zblaba

CRYPTOCAP:SOL BYBIT: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

⋅ Dec 22, 2023 12:56 PM

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

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

Trade closed: stop reached

⋅ Jan 3, 2024 3:22 PM

ByBit USDT
#SOL/USDT Stoploss ⛔️
Loss: 41.3269% 📉

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