Only spot trading this one at the moment against BTC (actually miss spot trading some times) I havent been playing a lot of the alt market recently as I have had more luck just trading Bitcoin through all this mess but I do enjoy trading SOL, might be a bias because I trade on FTX alot but I enjoy its price action and volatility, and can normally get some descent set ups on it.
Now although im semi bearish on the Crypto market has a whole right now I couldnt help but take this trade from that V bottom and R:R it offered over 7:1 and I got a descent entry off the pull back so happy to sit on this for a while at .5R.
I have circled that area at .000946 as the troubled area we need to break through for this trade to continue, if we fail to break this either 1st or second go and there is a lot of bearish reaction there like a big bearish engulfing, lack of volume or wicks to the upside indicating a supply zone It invalidates my trade and ill exit early for small profit and write it off.
Breaking this level im happy to sit tight and move my stops into take profit and let it run for a higher target and reassess when we get closer before jumping straight out.
Now although im semi bearish on the Crypto market has a whole right now I couldnt help but take this trade from that V bottom and R:R it offered over 7:1 and I got a descent entry off the pull back so happy to sit on this for a while at .5R.
I have circled that area at .000946 as the troubled area we need to break through for this trade to continue, if we fail to break this either 1st or second go and there is a lot of bearish reaction there like a big bearish engulfing, lack of volume or wicks to the upside indicating a supply zone It invalidates my trade and ill exit early for small profit and write it off.
Breaking this level im happy to sit tight and move my stops into take profit and let it run for a higher target and reassess when we get closer before jumping straight out.
Trade active:
Well it took a while to break that resistance but it got the job done with both volume and solid price action, locked and loaded with this one and expecting more out of it in coming days
Well it took a while to break that resistance but it got the job done with both volume and solid price action, locked and loaded with this one and expecting more out of it in coming days
Trade active:
Just a quick update all still going well so far.
Taking a little longer than expected but not to far off.
Getting closer to first target soon so will look to manage the trade very soon
Taking a little longer than expected but not to far off.
Getting closer to first target soon so will look to manage the trade very soon
Trade closed: target reached:
Took some time to play out but targets reached and exited