$SOLUSDT: Potential W-Pattern Reversal Setup
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.
Nota
I longed 
SOL hereInvalidation: H1 candle close below
TPs: Scale out on the way up
Nota
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
Dagangan ditutup: sasaran 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)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.