SOL/BTC (Pullback>Bullish Reaction?)SOL/BTC
-the price went down by -20% today
-a bullish reaction at the previous resistance zone
-which is a highly potential new support area
-the highlighted green box is where buyers will start entering
-provided reversal signs are seen
-watch out for the new trendline resistance as well
BTCSOL.P trade ideas
SOL ShiningSOL - New coin on Binance caught my eye.
Picking it up in the chatter on LUNARCRUSH
Also Whales have been buying about 6 BTC worth every day this week.
Saw previous resistance turn support and went with my gut on the Breakout.
30 Seconds after I placed a trailing order someone bought 21 BTC worth.
Plan. Trailing achievable target. Small Position size because I don't usually play breakouts.
Lets learn some stuff.
SOL/BTCSOL/BTC It seems to have broken the down trend, stuck within a range, in possible accumulation? Double bottom, possible bullish flag on the 4 hour chart.
Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what
If you really want in then the bottom of the flag might be and okay entry.
Not an expert, I just see patterns!
