Two decent setups on Solana’s 15m, one bounce play off key support, the other a breakout rip targeting quant resistance.
Setup #1 — Mean Reversion Long:
• Entry: 161 to 162
• Stop: 158.78 (sits on quant S1 = 158.67)
• Target: 166.62
• R/R: 2.4x
This setup rides the bounce from support that matches pivot S1. Confirm with candle wick + volume punch.
Setup #2 — Breakout Continuation:
• Entry: Above 166.62
• Stop: 164 (tight) or 154.86 (sits above quant S2 = 153.41)
• Target 1: 171.38 (just under quant R1 = 172.46)
• Target 2: 180.99 (quant R2 if price rips)
• R/R: 1.6x to 3.4x
Break needs volume. R1 is the battlefield. If we nuke through, R2’s next.
Quant Levels to monitor:
• Support:
S1 = 158.67
S2 = 153.41
• Resistance:
R1 = 172.46
R2 = 180.99
R3 = 186.25
Daily ATR ~11 pts — volatility is favorable
Structure and confluence are clean. Execution depends on price confirmation.
Setup #1 — Mean Reversion Long:
• Entry: 161 to 162
• Stop: 158.78 (sits on quant S1 = 158.67)
• Target: 166.62
• R/R: 2.4x
This setup rides the bounce from support that matches pivot S1. Confirm with candle wick + volume punch.
Setup #2 — Breakout Continuation:
• Entry: Above 166.62
• Stop: 164 (tight) or 154.86 (sits above quant S2 = 153.41)
• Target 1: 171.38 (just under quant R1 = 172.46)
• Target 2: 180.99 (quant R2 if price rips)
• R/R: 1.6x to 3.4x
Break needs volume. R1 is the battlefield. If we nuke through, R2’s next.
Quant Levels to monitor:
• Support:
S1 = 158.67
S2 = 153.41
• Resistance:
R1 = 172.46
R2 = 180.99
R3 = 186.25
Daily ATR ~11 pts — volatility is favorable
Structure and confluence are clean. Execution depends on price confirmation.
Trade attivo
Alright guys, this is a solid base forming above or S/L which is very comforting! This trade has great upside value!Nota
I meant to say "above our Entry zone" not "S/l". Trading Plan: On the topics of S/L. I would bump it up to or above the Entry price and stay long for T1,T2.
1 wick may take you out of the trade, but I like to teach people to not get greedy and that small wins are what builds a consistent trader. Eventually when you have the experience, risk appetite and funds you can take on more risk for bigger gains.
Trade chiuso: obiettivo raggiunto
Target 2 was hit overnight/early morning! We can see a nice retrace back to the trend support levels, lets see how well these hold as bearish bias increases!looking forward to the next SOL play? lmk!
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Get Free Alpha, and alerts, signals. Just starting to build a community t.co/zml5QQcbO1
Tap in📡: t.me/AlphaScorer --for (DM's)
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.