Monitoring Solana on the 2H timeframe. After a significant bearish move, we are seeing the formation of a potential W-pattern (double bottom) structure at the lows.
As illustrated in the chart, the price is coiling up, and I am watching for a clean breakout of the resistance levels highlighted as "First Entry" and "Second Entry."
The Trade Plan:
- The Trigger: I am waiting for a clean break and retest of the $68 zone.
- The Logic: The arrow shows my expected path. However, I am strictly following my rules: No trigger, no trade.
- Execution: Given the primary downtrend, this is a risky trade. If the setup confirms, I plan to scale into the position using the two entry points marked on the chart to manage risk effectively.
Disclaimer: This is a setup based on current price action. Always maintain your own risk management.
As illustrated in the chart, the price is coiling up, and I am watching for a clean breakout of the resistance levels highlighted as "First Entry" and "Second Entry."
The Trade Plan:
- The Trigger: I am waiting for a clean break and retest of the $68 zone.
- The Logic: The arrow shows my expected path. However, I am strictly following my rules: No trigger, no trade.
- Execution: Given the primary downtrend, this is a risky trade. If the setup confirms, I plan to scale into the position using the two entry points marked on the chart to manage risk effectively.
Disclaimer: This is a setup based on current price action. Always maintain your own risk management.
Catatan
I longed 
SOL hereInvalidation: H1 candle close below
TPs: Scale out on the way up
Catatan
Another view for my Solana swing long to confirm my biasFlipped resistance into support, retested, and now looking for the bounce
It's a clean setup
Trading ditutup: target tercapai
Unfortunately, I got stopped out on my perp position during that deviation.I've been accumulating spot throughout the entire drop, and I'm looking to sell at $200+ (likely in the coming months / by the end of the year)
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.