After an explosive move, Solana has been trading sideways and I believe it is nearing a breakout. It is currently teetering at the upper bound of a descending triangle and if it breaks upwards, I expect a relatively quick pump to new all-time highs. Wait for confirmation with some volume before you make your decision, but I like the setup. I'm eyeing the 1.414 fib line at $84.26.
TP: $84.26 (+15%)
Published trade statistics:
Win Percentage: 7/10= 70%
Avg Gain on Wins: 25%
Avg Loss on Losses: -11%
Weighted Avg P/L % : 14.11%
Pending Trades (including this post): 2
*This is not financial advice.*
- Sultan of Chart
TP: $84.26 (+15%)
Published trade statistics:
Win Percentage: 7/10= 70%
Avg Gain on Wins: 25%
Avg Loss on Losses: -11%
Weighted Avg P/L % : 14.11%
Pending Trades (including this post): 2
*This is not financial advice.*
- Sultan of Chart
Trade closed: stop reached:
Well, we were off to a hot start +8% but Bitcoin took a dive and dragged SOL down with it. Tough outcome, but it happens
Comment:
Turned out I was right. $84 hit! but we're still counting this as a loss
Never let the fear of striking out get in your way.
- Sultan of Chart
- Sultan of Chart