This is the stetup I'm going with for Solana in the coming days
The RSI is at overbought at the moment so I think it's possible to see a pullback towards the lower support again. I will enter a position there. I think we could see a bounce back from there and at the top of the box I will close my position. I don't think we are going to see a big run up in the remainder of 2021 so I'm looking at small trades now.
On the 4 hour timeframe the RSI indicator is showing a bottom right now just like the daily timeframe this makes me believe we aren't going any lower for the time being and just consolidate sideways for now.
ENTRY 165 - 160$
TP 180 - 172$
SL around -2% of entry
The RSI is at overbought at the moment so I think it's possible to see a pullback towards the lower support again. I will enter a position there. I think we could see a bounce back from there and at the top of the box I will close my position. I don't think we are going to see a big run up in the remainder of 2021 so I'm looking at small trades now.
On the 4 hour timeframe the RSI indicator is showing a bottom right now just like the daily timeframe this makes me believe we aren't going any lower for the time being and just consolidate sideways for now.
ENTRY 165 - 160$
TP 180 - 172$
SL around -2% of entry
Dagangan aktif
Entry zone is hit trade is active
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.
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.