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HiHoCrypto
Sep 5, 2021 1:16 AM

SOLUSDT - Break out - Chart Up. Set Stop & Take and walk away :) Long

BINANCE:SOLUSDT60
SOL / TetherUSBinance

Description

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Sol/USDT looking strong to break through to 150 - 155

14.9 major resistance.

I am a bit late to notice this but a SL around 139.15 to A TP of 155.07.

That's 1.5 risk for 2.5 gain.

Based on 1 hr.

Have a lovely day all :)



Trade active

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Right now - watch if it breaks past 144.30 its been rejected 3 or so times in the last few attempts :)

Trade active

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Have left the trade - with a break even. Resistance at 1.44 has rejected SOL and bringing back down.

I am loking to buy in at the bottom of this consolidation to allow room to breath and then make attempt at 150+
Trend AnalysisChart PatternsTechnical IndicatorssolusdtLONGAscending Channel
Comments
cryptopharoahbtc
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why I see negative head and 2 shoulders
in 1 h chart

I am right or wrong???
HiHoCrypto
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@cryptopharoahbtc I think your spot on and this would explain resistance - I'm not sure if the candle had closed yet though. but you are right based on the image I uploaded :)
Karantomar
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What do you reckon is a good entry point?
HiHoCrypto
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@Karantomar sorry answered separately
HiHoCrypto
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Right now - watch if it breaks past 144.30 its been rejected 3 or so times in the last few attempts :)
HiHoCrypto
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Right now - watch if it breaks past 144.30 its been rejected 3 or so times in the last few attempts :)
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