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Feb 28, 2021 1:26 PM

$SOL/USDT 8h (Binance Futures) Bullish flag approaching support Long

SOL / TetherUS PERPETUAL CONTRACTBinance

Description

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Solana is uptrending on HTF (High Time-Frame) and is likely to continue after a retest of demand zone.

Current Price= 15.6071
Buy Entry= 11.5746 - 10.8496
Take Profit= 13.4149 | 16.2845 | 20.5974
Stop Loss= 9.4544

Risk/Reward= 1:1.25 | 1:3.64 | 1:5.78
Expected Profit= +19.31% | +56.31% | +89.45%
Possible Loss= -15.47%

Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks

Comment

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There was some typos in the text, here goes the correction:

Current Price= 11.8899

Risk/Reward= 1:1.25 | 1:2.89 | 1:5.34
Expected Profit= +19.65% | +45.24% | +83.71%
Possible Loss= -15.68%

Fib. Retracement= 0.5 | 0.786 | 1.272

Trade closed: target reached

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TP1 reached with +19.65% and 1.25R

Solana bounced as predicted and broke-out of the bull-flag, road to 2nd target now! 📈

Trade closed: target reached

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🎯TP2 reached with +45.24% (1x) and +2.89R

Solana managed to push higher and nicely hit 2nd target! 🌞

Trade closed: target reached

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TP3 reached with +83.71% (1x) and +5.34R

Solana brought amazing profit and did not stop after, congrats if you held it higher, up to +162% from entry.

Comments
ProjectSyndicate
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nice trade setup with detailed SL/TP strategy. thank you!
TradingOn
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@ProjectSyndicate, and it played out perfectly :D
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