SOL - a week in the Sun ? or is Rain on the way
SOL is starting off the week 20% lower, we've had a price retraction and profits have been taken, liquidity has been swallowed up, the weekend is over and its time for the market to resume "Marketing" .
Sol is already breaking out and we will have to watch , but we area long as of Sunday at 141-143
We were looking for our target of the 150 level to take profit, and as the week continues I plan to trade SOL daily with some positions So I will be watching It and trying to keep the Days action organized.
Sol is already breaking out and we will have to watch , but we area long as of Sunday at 141-143
We were looking for our target of the 150 level to take profit, and as the week continues I plan to trade SOL daily with some positions So I will be watching It and trying to keep the Days action organized.
Nota
at out 2nd target level
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2nd target hit
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watch for support at the 0.5 fib
Nota
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I have 2 targets, I will not be taking a short position at this time, waiting to take a long after price shows support around 144.700 , 147 will be our first low target to watch for
Dagangan aktif
all targets hit. active long position aiming towards 150 for the daily
Nota
fib support 0.5 to be retested
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Dagangan aktif
- 0.381 retested and 2x 4h candles all show support, combined with low volume indicate the broken channel isnt confirming a downward trend and the next day's trading will see price rise
Looking to take profits at the 150-151 (.618 - fib level)
price could retest the 0.5 and move higher depending on general market sentiment
Dagangan ditutup secara manual
broken the fib at 0.5 and retested 0.382. currently the 0.382 broke and if we look on the macro there is a better understanding of where price will fall.
Currently SOL is in a downward wedge, perhaps a pennant however for now its imperative that there is no market bias towards a direction, and as it stands it appears that price is headed towards the accumulation area.
Nota
waiting for the 4h close to confirm as well as following market sentiment, fundementals,vol,macd,and rsi.
Will update with a new outlook
Nota
price is trying to break above the fib resistance. We need to see a higher low on retraction to push price up
Nota
git some
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git some
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.