Solana been moving a bit boring for a while now but I think it's Time to rocket to $75 to retest prior weekly support.
Entry right now is at a good support area with at least 2RR to the most recent high - 3 RR for me with entry at 62.956...And we trending, sure you can find other confluences including the fibs and MA.
Tp is 50% at $68...however might take 30% at the highs if price hesitates to break.
Next TP $75k
Entry right now is at a good support area with at least 2RR to the most recent high - 3 RR for me with entry at 62.956...And we trending, sure you can find other confluences including the fibs and MA.
Tp is 50% at $68...however might take 30% at the highs if price hesitates to break.
Next TP $75k
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Price hovering around break even so decided to cut and wait until daily close for more confirmation. Could possible get a lower entry
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Re entered
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Decided to take 50% tp close to $66 . Was away way when it shot up to 67.5 close to my first tp at $68.00
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Okay So I took 25% profit on solana at $72.77 . And left 25% to run to $80
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Maybe I split that 25% into 2 more tps. And just let one run until I see clear sign of reversal. We already pump so much but if $75-$80 area fails to hold then we can go a lot higher. And because I have such a good entry I could then risk higher with good adjusted stop...we'll see
Trade closed: target reached:
Closed out fully. Looks like the bears are taking back control. If it's fakeout then I'll consider longing again