hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same.
What do we see? (follow the steps)
1) The high that set the downtrend.
2) Price wicking in the daily FVG that will serve as our base ('support').
3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too.
4)...
Solana is struggling at Previous Resistance showing signs that a major reversal is near. If the price fails at this level and leaves a raging red bear candle, what does that mean for the next trade?
How do we trade this? 🤔
There are two ways to handle this chart, short scalp or wait to long. We cannot long at resistance, the Risk/Reward AND Probability are all...
