#sol
SOL
SOL formed a double top pattern in the 4h time frame , Which is not completed yet as well as not confirmed . Lets straight into chart -
A double top is a bearish technical reversal pattern signaling a potential trend change (Don't forget we are in the bull run , sometimes come little corrections ) after an asset hits a resistance level twice without breaking through, indicating a potential shift from an uptrend to a downtrend ( May be some corrections here). This pattern, often a clue for traders to open a short or sell positions,
IS confirmed when the price drops below the support level.
KEY NOTE-
1. Wait for breakout .
2. Wait for confirmation .
3. Don't take any action until the break the support .
4. Do Your Own Research before diving , #NFA
TRADE SET UP-
SHORT- $232
STOP LOSS- $243
TAKE PROFIT -$215
Don't forget to Follow - Next soon....
SOLSOL formed a double top pattern in the 4h time frame , Which is not completed yet as well as not confirmed . Lets straight into chart - A double top is a bearish technical reversal pattern signaling a potential trend change (Don't forget we are in the bull run , sometimes come little corrections ) after an asset hits a resistance level twice without breaking through, indicating a potential shift from an uptrend to a downtrend ( May be some corrections here). This pattern, often a clue for traders to open a short or sell positions,
IS confirmed when the price drops below the support level.
KEY NOTE-
1. Wait for breakout .
2. Wait for confirmation .
3. Don't take any action until the break the support .
4. Do Your Own Research before diving , #NFA
TRADE SET UP-
SHORT- $232
STOP LOSS- $243
TAKE PROFIT -$215
Don't forget to Follow - Next soon....
Trade active
Trade closed: target reached
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.
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.