SMC = Smart Money Concept. See related Ideas*
Price is entering a Bullish Order Block. As momentum is shifting and the Williams %R indicator isi at a low indicator a higher high. The price action should reflect that the price of SOL to increase and fill the 15 minute Fair Value Gap Above near 111.28.
The stop limit is set at the bottom of the lower 15 min Bullish order block should it go lower into another 15 min FVG.
If you plan for multiple profit taking price points, in my opinion the first would be this one marked on this chart near 109.47
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
Price is entering a Bullish Order Block. As momentum is shifting and the Williams %R indicator isi at a low indicator a higher high. The price action should reflect that the price of SOL to increase and fill the 15 minute Fair Value Gap Above near 111.28.
The stop limit is set at the bottom of the lower 15 min Bullish order block should it go lower into another 15 min FVG.
If you plan for multiple profit taking price points, in my opinion the first would be this one marked on this chart near 109.47
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
SOLUSDT
Trade active:
The Second profit taking target would be the second one marked in this chart, the short term high near 110.48
Trade closed: stop reached:
Win on TP1 and TP2. But Stopped out either if you put the trade t o break even, kept the same S/L, OR entered the 2nd entry suggested. Either way,- if played correctly, it was a win. If n profits were taken, then it was a loss.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
P.S. None of this actas Smart ual professional tradinig advice, this is only an observatin from my time as a SMC Student.