Evening Traders,
Today’s analysis – SOLUSDT – trading within a potential apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Suppot
- Swing High Objective
- Declining Volume
- Trend
SOLUSDT’s immediate price action is impulsive and is trading with a higher low structure, allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is declining, an influx is highly imminent when a expansion occurs.
Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
Today’s analysis – SOLUSDT – trading within a potential apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Suppot
- Swing High Objective
- Declining Volume
- Trend
SOLUSDT’s immediate price action is impulsive and is trading with a higher low structure, allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is declining, an influx is highly imminent when a expansion occurs.
Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.