[SHORT] Solana setup on 4H tf

Solana is developing a rising wedge pattern in the 4H timeframe with several attempts to break but failing to close outside of the pattern. Wait for a 4H close for confirmation or near the top of the wedge if you feel confident on the pattern.

Condition to enter: a 4H close below the ascending trendline
SL: $24.05
@ a close below $21.10: move SL to entry, at this point is a free ride.
target 1: $18.90
target 2: $17.90
target 3: $16.25

R:R ~3.6

enjoy!

Trade active:

sorry, a hell of a day yesterday at work, couldn't update. was closed a BEP but reopened with this pump. same SL 24.05, conservative SL 23.51

see you tomorrow!

Comment:

if this 4H candle closes above the downtrend you can close the trade or at least bag partial profits

Comment:

closing half position here and leaving the rest with SL at BEP, same targets.

Trade closed: stop reached:

half position closed at 9%+ profit, the rest closed at BEP.

see you on the next one!