SOLBTC trade ideas
SOL/BTC (New Support Area?)SOL/BTC
-After a strong rebound from 8500 range and break the recent high at 15200 range
-We can see some bullish rejection on previous resistance
-The new potential area of support is at 15200 zone
-And if this level will hold for the next few days despite the BTC Dominance breakout
-I think this coin has the chance to continue higher
-But again, trading Altcoin is a high risk today during BTC breakout confirmation
SOL/BTC (Strong Key Support Area)SOL/BTC
-after pumping up to 170% increase last July 15
-the price has retraced and it is back to the area of confluence
-this green support line has multiple key factors
-the reason the price has bounced twice at this support zone
-if this level will hold for the next 5 days or so
-I'm expecting this area will be its new swing Higher Low
-and expected to continue up to 13800 range
-a potential bigger consolidation pattern is being made
-bearish scenario if the upward trendline is broken
-will lead to extended correction in the future
SOL/BTC - Long - Potential 19%+
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PAIR: SOL/BTC
T/F: 1 HOUR
LENGTH: Medium
RISK - Medium
ENTRY: 9563
TP1: 9826
TP2: 10310
TP3: 11346
BONUS TP: 13540 - 41%
SL: 8979
NOTES:
- Uptrend
- Holding strong support zone
- Support Break up candle
- Rejection candles
- RSI Oversold
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = E.G Broken support // Trend Reversal // Consolidation
HIGH = E.G Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
That is why we must not enter on asset with low liquidity.Hello, traders.
In our telegram group, we started a discussion earlier today about why it is dangerous to enter assets with low liquidity.
And so we saw this asset on the daily chart.
Hey, take a look at SOLBTC. The price has been going up in the last few days, but the asset is recently listed, so we don't have many points to base it on this chart! I believe that a correction will come soon as the price is now far from the 20-period moving average.
On the 5 minutes chart, I see that this asset has liquidity problems, so I am afraid to buy assets with low liquidity because a big sale order can move the price considerably downwards.
And it happened after minutes, A simple decision prevents you from losing money in the market.
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ALTs.BTC (Y20.P3.E1).Looking for opportunitesHi again,
Sometimes I have time to post these small opportunities.
Note: SOL Liquity is small.
The coins I'm watching today are:
SOL.BTC
BNB.BTC
BAND.BTC
STRAT.BTC
RLC.BTC
DATA.BTC
VET.BTC
TRX.BTC
QTUM.BTC
ATOM.BTC
ERD.BTC
Already made moves on LINK.BTC, XTZ.BTC, KAVA.BTC, ADA.BTC, ETH.BTC, ERD.BTC
Cheers,
S.Sari
Shxt, didn't get it out quick enough. It broke out already.
ERD.BTC
BNB.BTC
STRAT.BTC
RLC.BTC
KAVA.BTC
QTUM.BTC
ATOM.BTC
Solana (SOL) Cup Pattern Activates Bullish PotentialAbout Solana
Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.
Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency.
Source: CoinMarketCap.com
Website: solana.com
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We have the Cup Pattern on the Solana (SOLBTC) chart, which activates bullish potential.
This chart setup here can lead to more growth immediately... But if support breaks, the red dashed line, we can have a drop before more green (green arrow).
Additional details can be found on the chart.
Thanks a lot for your support.
Namaste.
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
