SOL confirmed fresh bullish market structure and triggered this long setup called the "BoT". An AB=CD harmonic continuation trade.
Fill area is technically at $15.57 or below.
If price reaches the .5 of the fib above = Moving SL to break even
If price reaches the .66 = Move SL to trailing
Primary TP is up at $28.43
SL down at $11.27
This setup hits around 50-60% of the time. Entry is critical to success. Entering late, and too high, would throw the RR out of whack, and over time that win % would actually lose money.
Managing risk sometimes means missing out on a trade altogether. Patience & Discipline make the difference in trading!
Fill area is technically at $15.57 or below.
If price reaches the .5 of the fib above = Moving SL to break even
If price reaches the .66 = Move SL to trailing
Primary TP is up at $28.43
SL down at $11.27
This setup hits around 50-60% of the time. Entry is critical to success. Entering late, and too high, would throw the RR out of whack, and over time that win % would actually lose money.
Managing risk sometimes means missing out on a trade altogether. Patience & Discipline make the difference in trading!