#SOL bullish structure, cautious bearish

Nov 16

📊#SOL bullish structure, cautious bearish⚠️

🧠From a structural perspective, we broke through the weekly neckline, so the weekly bullish structure appeared, and we are likely to challenge the historical high. If we successfully break through the historical high, it means that the monthly bullish structure is established, which means that we will open up higher upside.

➡️However, the SOL spot we hold in the yellow support area will be reduced near the historical high resistance area, and we will look forward to more after locking in the main profits.

Let's see👀

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Nov 22

Trade closed: target reached

🔔#SOL Spot update:

TP update:
TP1:311 -80%
TP2:410 -10%
TP3:518 -10%

Breaking through the historical high means opening up higher space at the monthly level, but this is just an expectation. The increase in the monthly level may be accompanied by an adjustment at the monthly level, which may be horizontal or may be It's vertical. Therefore, we can use spot transactions to capture higher space profits.

At present, the SOL we bought in the yellow support zone has already made a profit of 100%+. So if you don’t want to suffer a possible profit retracement, you can manually lock in 30% of the profit.

If it does not fall back from here, lock in 50% of the profit after reaching TP1.

If there is a daily level correction from here, then we will look for opportunities to buy back the reduced positions.