ricoadh

ricoadh

Range Trading on SOL, resistance around 37-40 mark. I have been following SOL and BTC movement, the logic behind here is simple, short at resistance level. Volumes on weekend are usually lower than weekdays but there are always occasional manipulation. Always put a SL. Entered Saturday morning AEST Leverage: 8x Entry: 37.43 SL: 5% Result: Was up 14% at one...

ricoadh

Entered this short on Saturday morning (AEST) - 09/07/22. SOL Entry: 38.89 Leverage: 10x Initial SL : 39.03 = 5% loss Strategy: Followed the movement of BTC and SOL at resistance level. Downtrend expected given the macroeconomic conditions accross all risky assets.

ricoadh

Backtesting my strategy and TA. Macro enviroment considered given the bearish outlook.

ricoadh

Macro risks ahead, high inflation, rising rates and slowing economic growth. Portfolio allocations and cash will be vital in the next 12 months ahead.

ricoadh

Ascending Triangle testing the previous resistance after ATH in October last year.