SOL/USDT Secondary trend (part). Triangle. 1 10 2023

Logarithm. Time frame of 3 days. Secondary trend (part). A very clear ascending triangle has been formed. The price is being driven to its resistance at the moment. There may be a pullback from it, and then we will see. While the price is in the triangle (until the decoupling), it is hardly rational to open a position from the position of risk management. The reversal zones are shown on the chart. Percentages of formation targets are similarly shown as most traders see them. To “take profit” you should always take less than “expected” by the majority.


Line chart.

Major trend. Time frame 1 week.

SOL/USD Main trend. Cycles.

Risk management XXX..

It is extremely important, on such HYIPs, over pumped (“bottom” is not even shown on the price chart, not fair competition, fund prices) to observe risk management. Take profit long/short and forget it. Work in parts of the position. Limit potential losses, protect profits if price moves according to your plan. Don't catch lows and highs, it's not necessary.

Comment:

You must turn other people's market mistakes into your profits..

Comment:

Breakdown of ascending triangle resistance. It is important to consolidate above this resistance. Remember the probability of false breakdowns as well.

Trade closed: target reached:

Let's go quite large liquidations of shorts positions on the micro movement on the trend +8%)))).

When the price falls - the majority of market participants are waiting for prices to rise.

When the price rises—the majority, "by habit of former self-delusion" expects prices to fall ... The greater the price rise, the greater the expectation, up to the "point of breaking the opinion" (when it is already necessary to do everything the other way around).

An ideal scheme of making money on the expectation of the majority.

Trade active

Trade closed: target reached:

1 target reached. Exactly 79.18% (by the way 1318) into 46.60 level (magnet 46.9). Reversal from the designated day from October 19-20 (vertical line marked earlier in the publication).

Comment:

Pardon me, target 2 has been accomplished.

Trade active:

+111.16% from the breakout. We are confidently heading towards the classic triangle target of +154%. This is what is the beginning of trend reversals, everyone is given a chance to make money

Trade closed: target reached:

exactly +160% (159.98 code) to the level of 66.20, which is the 3rd target of the triangle (almost maximum). There will be either a pullback or a "saw". I advise to transfer profit to other identical assets before the start or protect it with a trivial stop.

Trade closed: target reached:

Further pumping after 2 week consolidation at the zone of 66.20 level. Already x2 from the previous bullish triangle target +154%.

The chart shows the resistance levels of this pump, if for some reasons clear only to you have not yet sold most of the position or the stop on the defense below the level of 46.6 have not dropped out at the target of 66.20.

The first resistance zone is the bowl targets (quite logical). 260 is the former highs of the former distribution (unlikely). Remember that now in momentum from the breakout +330% for a coin of this liquidity is a lot. Money from different wrappers smells the same, remember that. Coins are just tools with the help of volatility you earn, not ticker names (scam/not scam).

Trade closed: target reached:

another target closed at $171 The price is moving towards historical highs, the $260 zone (everything is the same as on BTS, the formation of a huge triangle in conjunction with the 2021 highs)