DewyCandles

SOLANA - ONE WAY STREET

Long
DewyCandles Updated   
BINANCE:SOLUSDT.P   SOL / TetherUS PERPETUAL CONTRACT
I don't see any other scenario for SOLUSDT other than this. There are two options anyways, first is the dashed path which say price will be revisiting the $52-51.5 region from this moment before the journey to $68-82 while the second path is the dotted line which states that price would first of all reach the $61.5 from this moment before going back to revisit the $52-51.5 then $68-82.

Common ground is that both option have the same invalidation and both also presents a risk reward ratio of at lest 4 - 8.
Trade active:
NOTE!

VERY IMPORTANT PLEASE ADJUST THE INVALIDATION LEVEL TO THE PREVIOUS SWING LOW $51.160 FOR BINANCE (set accordingly to your exchange).
Comment:
Also the risk reward ratio has increased by x2 to (8-16 RRR)
Trade active:
respecting the second path and yes, it looks like that is the deal. Read the analysis again for clarity SOLUSDT
Comment:
Approximately 11% gain on SOLUSDT from the point of analysis and we are just about to reach the target already. There is an interesting build up I just discovered if you would like to see another fresh insight react to this post and I will reveal another Solana unexpected move to you.
Trade closed: target reached:
You've got to love that precision. See page for fresh update SOLUSDT
Comment:
SEE NEXT ANALYSIS:

Comment:
so the primary idea was that it was going to create a new high but retraced. we didn't quite get the retracement to the region but definitely the new high is created. SOLUSDT
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Are you surprised about SOLUSDT
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Even though we didn't get the entry for the retracement the primary goal was bullish and bullish we have for SOLUSDT
now I am starting to look for a total reversal with at least 5-10 risk reward. Watch out for update and follow this analysis.
Comment:
WHERE ARE WE GOING NEXT


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