SOLBTC trade ideas
Solana updateReached our first target of 49800 sats. I've moved up my SL just below the most recent low and will now target the 1.618 FIB level around 56000 sats.
I took 50% profits at our first target and will take 40% out of the remaining position once we hit 56000 sats.
Are you catching this move?
Solana entry opportunitySolana is one the strongest projects at the moment from a TA point of view. It holds up well against its BTC pair and makes it interesting to trade.
- Bullish divergence on RSI
- Hammer candlestick
- Touching .382 FIB (strong level for a bounce in a bull run)
- Confluence with the green support zone
Easy 20% run towards the ATH.
sol/btc 4hrWe have broken the neckline with conviction with daily candles. The target of the inverse head and shoulders is the distance from the bottom of the head to top of shoulder.
SOL/BTC dAILYWe have broken the neckline with conviction with daily candles. The target of the inverse head and shoulders is the distance from the bottom of the head to top of shoulder.
SOL/BTC 4hrWe broke and got rejected at last attempt to rip above all time high. I think we will not fail on next attempt. Time will tell.
Solana short at heavy resistance of a channelSolana is testing the heavy resistance of its channel in both SOL/BTC and SOL/USDT
SOL Long or Short SetupIt can be examined where it breaks and the position can be opened there for a while.
💡Don't miss the great buy opportunity in SOLBTC @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00021).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.00033
TP2= @ 0.00037
TP3= @ 0.00042
TP4= @ 0.00050
TP5= @ 0.00060
TP6= @ 0.00070
SL= Break below S2
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💡Don't miss the great buy opportunity in SOLBTC @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00021).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.00033
TP2= @ 0.00037
TP3= @ 0.00042
TP4= @ 0.00050
TP5= @ 0.00060
TP6= @ 0.00070
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
