If no anomaly occurs and bullish sentiment along with constant new developments on Solana chain continues, this current idea should stand, and will be my entries
Entry 1:98.4 - long (After break above 4hour retracement high.
Anticipate price to finally break the daily resistance. However, will secure partial profits at the resistance, and let runners run to 108 (wick high)
Entry 2: Will enter a sell position to scalp the retracement down to 102, where I'm expecting support to form between 98-102.
Entry 3: Will be placing a long entry after securing some profits on the retracement trade.
This time, anywhere within the 90's zone is a guranteed profit, I will look for a nice price action before entering, most probably 50% position size at 30x leverage, with TP at 123 and SL at 98.
Entry 1:98.4 - long (After break above 4hour retracement high.
Anticipate price to finally break the daily resistance. However, will secure partial profits at the resistance, and let runners run to 108 (wick high)
Entry 2: Will enter a sell position to scalp the retracement down to 102, where I'm expecting support to form between 98-102.
Entry 3: Will be placing a long entry after securing some profits on the retracement trade.
This time, anywhere within the 90's zone is a guranteed profit, I will look for a nice price action before entering, most probably 50% position size at 30x leverage, with TP at 123 and SL at 98.
Trade active:
TP 1 hit
Comment:
Entry 2 and Tp 2 HIT