#SOL/USDT 2h (OKX Futures) Rising wedge on resistance

Solana printed an evening star, road back to 200MA support seems likely next.

⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.3X)
Amount: 5.0%

Current Price:
171.72

Entry Targets:
1) 172.56

Take-Profit Targets:
1) 142.59

Stop Targets:
1) 187.58

Published By: @TradingOn

SOL SOLUSDT.P #Solana #SPL solana.com

Risk/Reward= 1:2.0
Expected Profit= +39.9%
Possible Loss= -20.0%
Estimated Gaintime= 1 week

Trade active:

OKX Futures
SOLUSDT.P All entry targets achieved
Average Entry Price: 172.56 💵

SOL did not get rejected on wedge resistance and pushed higher, luckily stop held so far and we are back in profit.

Trade closed: stop reached:

OKX Futures
SOLUSDT.P Stop Target Hit ⛔️
Loss: 20.0197% 📉

SOL pushed higher while rest of the market was correcting, clearly not the best choice of short.