halian2k

SOLUSDT Bearish (Divergence, AB=CD PRZ Zone & Double Top)

Short
BINANCE:SOLUSDT   SOL / TetherUS
SOLUSDT shows a bearish bias considering:
(1) Bearish Divergence at 1H TF
(2) AB=CD Pattern showing price at reversal
(3) Double Top reversal pattern.

*** Trade Plan ***
(1) SL at Higher High
(2) Entry at previous Higher Low
(3) TP1 and TP2 at 1:2 risk to reward ratio.

What do you think guys, will it work?

Note: Crypto is high risk market. If you are not comfortable with this trade, don't take it. This trade is purely based on technical.
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.