4H trend chart
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SOL is converging in the descending tunnel and it is approaching to the upper downtrend line currently.
If price overcomes the downtrend line, long it with the following trading strategy.
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Profit Targets:
a) 110.635-----Fib(0.5)
b) 118.430-----Fib(0.618)
c) 129.555-----Blue horizontal ray
Stop losses:
a) depend on the timing of break-out
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
-
SOL is converging in the descending tunnel and it is approaching to the upper downtrend line currently.
If price overcomes the downtrend line, long it with the following trading strategy.
-
Profit Targets:
a) 110.635-----Fib(0.5)
b) 118.430-----Fib(0.618)
c) 129.555-----Blue horizontal ray
Stop losses:
a) depend on the timing of break-out
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.