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Solana holds $180 area support strongETF price crash had already hit luckily it doesn’t look that bad & solana had found its footing Made support around $162-$180 area such a huge move for solana to keep the bulls steady. Does it mean $300 next ( that’s a maybe) let me tell you why; so solana has to bullish move upwards and play around the resistance which is around $190-$199 area .. so in order for solana to break above 200$ is to breakout above $185-$190 area and form a minimum consolidation to breakout bullish even more. Solana had already made some corrections but there’s no way solana will drop a lot more below $185-$162 area if that happens then solana will collapse , bitcoin , Ethereum , Dogecoin & XRP will follow along. All those cryptos are doing the same momentum as solana but different way to breakout the bulls to free away from the resistance pressure. Can bulls can do it ? I bet they can. It’s still in a good buy position I’ll keep it long and simple and pay attention any spikes reversal. I’ll buy solana around $185 area and profit take $195-$205 area as a simple long-ish short buy. If going big then take profit at the recent ATH $260 or new high around $300 area. Solana will be going slow and steady but pay attention to the spikes
BINANCE:SOLUSDLong
by JoyBoyVegae
TRX is a Beast 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 Unlike many altcoins exhibiting high volatility, TRX has demonstrated steady upward movement throughout the entire year. This bullish trend is engulfed within the rising broadening wedge pattern outlined in orange, currently approaching the upper boundary marked by the orange trendline, serving as a non-horizontal resistance. Additionally, the zone between 0.105 and 0.115 presents a robust resistance level. 📈 To maintain long-term control, the bulls must breach the 0.115 resistance. If successful, a movement toward the subsequent resistance level at 0.14 can be anticipated. 📉 Conversely, as long as TRX trades below 0.115, there is potential for bears to instigate one more correction (confirmation needed on lower timeframes). In such a scenario, we should be vigilant for trend-following buy setups as TRX approaches the lower boundary of the orange trendline. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
1
+2%! Caution Brought Me $$$ - 05/12/20 RECAPHi traders, For the last couple of days thought of being TOO cautious crept up on me. Tuesday, however, reminded me, that slow and steady is very important in trading. Getting rid of trades that are not working anymore and pocketing profits when available instead of mousepushing the stocks paid off. My Trades: 1) IIVI - SHORT @46.23, -0.30% 2) VOD - LONG @15.02, +0.92% 3) NVAX - LONG @40.09, +1.33% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +1.96% Total PnL for the week: +1.64% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
2
This Is HOW You Get Back to GREENS - Daytrading RECAP 04/22/20Hi traders, Another small but solid up day for me. Let's take this opportunity to talk about HOW you should be trading after a drawdown! - You take only the best opportunities. This prevents you from blaming yourself even more when you lose yet another trade while already down. - You trade LESS. If you typically trade 3-4 trades a day, stick to just 1 or 2. FOMO is biiiig when in a drawdown and more often than not you are only digging yourself a bigger hole. Don't try to wipe week's losses in one profitable day. Your plan works, stick to it. The rest is just statistics. - If you REALLY "NEED" to take more trades, just switch to DEMO account! Two trades today: 1) NYSE:CLR LONG @12.57, great pattern, didn't have the strength to continue. -1.02% 2) NYSE:PINS LONG @18.15, beautiful gap, was a little nervous with the volume drying out, but with a support of the SPY I held on and it paid off. +2.27% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +1.25% Total PnL for the week: +2.44% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
IOTA: IOTUSD Steady progress grinding higherIOTA IOTUSD The last two trades this week on Iota longs have both used the break below the speed line under the day's rally to exit. It has worked quite well so far...the first from 3315 to 3712 and the second from 3315 again to an exit at 4100. The next entry point here was on the break of the minor downtrend at around the 3604 mark but missed it due to chasing Bitcoin for a lot of yesterday. Not good. Anyway it continues to grind higher. Still a good idea to run stops under the trendline for the day, shown on chart, as exit for longs, though. If it loses the line it should come back to 4044-4024 range where it should pick up support again. Looks quite good though, overall
BITFINEX:IOTUSDLong
by sumastardon
EURUSD Euro Steady as German Retail Sales Matches Forecast, EThe euro has edged upwards in the Friday session, as EUR/USD trades at 1.0890. The week wraps up with a host of events in the eurozone and US, so traders should be prepared for some movement from the pair. In the eurozone, German Retail Sales dropped to 0.1%, matching the estimate. Later in the day, the eurozone releases CPI Flash Estimate, with an estimate of 1.8%. The US will publish Advance GDP, with a forecast of 1.3%. As well, the UoM Consumer Sentiment report is expected to improve to 98.1 points.
by Jadtecnic