Solana has recently broken the ascending channel and we can may now be on a bearish leg. We have 3 major structure levels where we can watch for price action to tell us what is next; either a bounce off structure or a break and retest of structure.
There are 2 ways in which we can trade these structure levels.
Break & Retest
For a break and retest trade, watch for price to break a structure level and then retest it. Enter with stops above the structure level and take profit next structure level.
Rejection/Bounce
For a structure rejection trade, wait for the bounce and then enter with stops below the structure. Target the next structure level.
There are 2 ways in which we can trade these structure levels.
Break & Retest
For a break and retest trade, watch for price to break a structure level and then retest it. Enter with stops above the structure level and take profit next structure level.
Rejection/Bounce
For a structure rejection trade, wait for the bounce and then enter with stops below the structure. Target the next structure level.
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.