Hi traders! , Analyzing SOL/USD on the 30-minute timeframe, price is currently moving within a defined descending channel, respecting lower highs and lower lows. A recent rejection from the channel top suggests continuation to the downside.
🔹 Entry: 150.09
🔹 Take Profit (TP): 145.47
🔹 Stop Loss (SL): 154.51
The price failed to hold above the 200 EMA and has resumed its downward trajectory. The RSI shows a recent bounce from overbought levels, supporting the bearish momentum. This short setup offers a favorable risk-reward ratio within the context of the broader downtrend.
A clean rejection at resistance and confirmation of the trendline add confluence to this trade idea. Keep an eye on the 145.47 zone, where buyers may attempt to defend the support.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
🔹 Entry: 150.09
🔹 Take Profit (TP): 145.47
🔹 Stop Loss (SL): 154.51
The price failed to hold above the 200 EMA and has resumed its downward trajectory. The RSI shows a recent bounce from overbought levels, supporting the bearish momentum. This short setup offers a favorable risk-reward ratio within the context of the broader downtrend.
A clean rejection at resistance and confirmation of the trendline add confluence to this trade idea. Keep an eye on the 145.47 zone, where buyers may attempt to defend the support.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
Trade chiuso: stop raggiunto
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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.