#SOL/USDT 1h (OKX Futures) Rising wedge breakdown and retest

Solana lost 50MA and is pulling back to that resistance, seems likely to head towards 200MA support next.

⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 4.8%

Current Price:
99.17

Entry Targets:
1) 101.77

Take-Profit Targets:
1) 93.28

Stop Targets:
1) 106.02

Published By: @TradingOn

SOL SOLUSDT.P #Solana #SPL #PoS #L1 solana.com

Risk/Reward= 1:2.0
Expected Profit= +41.7%
Possible Loss= -20.9%
Estimated Gaintime= 2-4 days

Trade active:

OKX Futures
SOLUSDT.P All entry targets achieved
Average Entry Price: 101.77 💵

SOL went back up retesting 50MA and just got rejected on it, promising start.

Trade closed: target reached:

OKX Futures
SOLUSDT.P All take-profit targets achieved 😎
Profit: 41.7117% 📈
Period: 14 Hours 18 Minutes ⏰

SOL went down to 200MA support as planned, that was on point!

Comment:

What a bumpy road, now back to entry, good thing we took profit on time!

Comment:

SOL set-up played out twice in a row, what a killer trade, congrats to all shorters!