Sol is approaching crucial support at $75, if it doesn’t hold, sol is very likely crash at $40. As you can see in the chart there is nothing between $75 – 40 to stop the fall; only a minor support around $67.5.
• If you are looking for (short term) longs wait for a rejection at $75.36 and a bullish confirmation candle.
Stop loss: below $75.36
Take profit: at the POC $101.5 or at $115
• If you’re looking for shorts wait for a clean break and a test of the $75
• For a “safe” short but with higher risk (stop loss above 75.36) wait for the price to flip minor support.
PAY ATTENTION a short below $67.5 gives you an R/R below 2 or slightly above.
A long-term bullish confirmation will come when SOL clean $150.
Generally, in these market conditions, it isn’t suggested to take any trade, neither short or long.
Thanks for reading this!
Remember investing is a probability game.
Not a financial advice. Always do your own research.
Follow for more reports & press the like button if you appreciate this.
• If you are looking for (short term) longs wait for a rejection at $75.36 and a bullish confirmation candle.
Stop loss: below $75.36
Take profit: at the POC $101.5 or at $115
• If you’re looking for shorts wait for a clean break and a test of the $75
• For a “safe” short but with higher risk (stop loss above 75.36) wait for the price to flip minor support.
PAY ATTENTION a short below $67.5 gives you an R/R below 2 or slightly above.
A long-term bullish confirmation will come when SOL clean $150.
Generally, in these market conditions, it isn’t suggested to take any trade, neither short or long.
Thanks for reading this!
Remember investing is a probability game.
Not a financial advice. Always do your own research.
Follow for more reports & press the like button if you appreciate this.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.