BTCSOL.P trade ideas
#SOL/BTC - Potential 16.08% #SWING
#LONG
#SOL/BTC - Potential 16.08%
Optional Leverage: N/A
Entry - 12740
TP1 (75%) - 13650
TP2 (25%) - 14788
SL - 11489
- BTC - BTC PRICE Increase, BTC DOM Decrease = ALTS Increase
- Trigger: Pullback
- RR - 1.64
- Trailing Buy - .5%
- Trailing Profit - 1%
- Trailing Stop-Loss - no
SOL/BTC Bullish cross There is a bullish cross in 20 days moving average and 50 days moving average. In addition to its fundamental strength, its technical chart and overall market condition are available for Solana to start its big move.
Current price =0.000106
Fib 1.0 =0.000423
Fib 1.618 =0.000656
Fib 2.618 = 0.001030
Tips for new traders :
-Always take profit on the way up , price will definitely not increase forever.
-Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology.
-Make plans for every possibilities, it is not 100% accurate that what we think will happen.
-Don’t try to catch up the exact deep or exact peak.
-Don’t buy everything you found in the market.
-Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe).
-Remember, market cycle works with human psychology and everybody’s psychologies are similar.
Longing SOL from ATL's following last big distributionThe Solana blockchain is extremely fast, cheap and is backed by Alameda Research. There are currently 102 projects building on their blockchain.
Today there was a (well-known), large distribution of tokens that effectively 5x'd the circulating supply. Many of these however, will be locked or otherwise held by the team and against what many expected, this event was met by a flurry of buying. We know there are at least 4 funds lining up to buy size on the OTC markets. Both the USDT and BTC pairs made new local highs in buy volume today.
It looks as though there is a large bet being made that the SOL token will outperform Bitcoin in the coming weeks and months.
We're inclined to side with the smart money here and take our chances against the All-time lows.
Bullish market structure confirmed last week and price has now dipped into the RLZ where it met a great deal of buying interest.
We're taking up a position at this level, with more bids at lows. If price can regain the key S/R level resting above, there is a lot of room to go even within the realm of a counter trend rally.
Selling half our position at double our entry price would give us a risk-free position to ride out the cycle with.
Solana perfect setup for buying Solana is forming a symmetric triangle. SOL is respecting the triangle lines and trading inside the triangle. We will see a good bounce in SOL and a retest of the upper line of the triangle. If SOL breaks the triangle upside, we see a massive rally.
Buy zone: 5700-5900 (buy more in dips)
Target: 6500-7100-7700-8500-9300-9900-10700-11900-13500-15600
Solana can Bring Good Profits in Coming DaysSolana is one of the good projects in Crypto. and this pair could be huge in next few days.
For now we are seeing and falling wedge forming in SOL BTC Pair and also there is an bullish divergence too on daily timeframe. here's the complete trade
Entry - 0.0001085 BTC
TP1 - 0.0001244 BTC
TP2 - 0.0001390 BTC
TP3 - 0.0001598 BTC
TP4 - 0.0001750 BTC
TP5 - 0.0001888 BTC
TP5 - 0.0002020 BTC
SL - 0.0000887 BTC
Always secure partial profits with every move. DYOR before taking this trade, I would like to hear your ideas on this trade in comments below
