EthanTW

SOLUSDT - TP/SL for breakout of Darvas box

Panjang
BYBIT:SOLUSDT   SOLUSDT SPOT
SOLUSDT
1H trend chart
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SOL is consolidating as a Darvas box so far.
Now it is trying to break out the short-term downtrend line, but might get resistance from the ceiling of box(orange area).
So we can wait it to get rid of this box, if it does, trading strategy as below.
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Profit Targets:
a) 174.475~175.330----Fib(1.272~1.382)
b) 177.160----Fib(1.618)
c) 180.130----Fib(2)

Stop losses:
a) 169.440-----Red horizontal ray
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Penafian

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