Shaptarshi

Activates if BTC gets rejected from 29500-29700 zone

Short
Shaptarshi Updated   
BINANCE:SOLUSDT   SOL / TetherUS
If BTC retest the 29500-29700 zone get rejected with significant volume, we can take a short on SOL. Targets must be devided in some parts.
Trade active:
Bearish RSI divergence on 15 and 30min chart. Stoploss must be higher as BTC can grab liquidity of short sellers inside 30200-30400. Entering now is risky without confirmation of bearish movement
Trade active:
If we do not create a local high here then the first target should be $24.2 which is 0.5 fibonacci level (local)
But depends on overall market scenario. 24.8 can also be the first target
Trade active:
Closing 25% Trade at 24.8
Close 50% of remaining trade at 24.2
And hold 25% remaining trade till the end
Will move stoploss to entry point after reaching 24.2
Trade closed: target reached:
It took longer than expected
According to plan, closed 50% of remaining trade at $24.2 and the remaining position closed manually at $23.43
Healthy Profit with 20x leverage

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