Short Summary: Looking on to the chart of SOL/USDT. A new trade setup seems promising for me. I see a high probability of a retracement and then pump.
Main Content: Previously we shared the possible movement for BTC and XAU and until now the market is respecting our analysis and we expect the same. I know, nobody is perfect but this is what we try to do as per our observation, research and analysis. Looking backward and forward I have shared the trade setup which seems profitable and promising.
While tracking SOLANA I found that the SOL is now in a mood to retrace a bit more and then pump to $218 level and above. However, one of the chart pattern states that it will drop to $158 zone first. This means an upcoming dump and then pump is waiting and yes, DCA will be a better idea in this and I am doing it. Looking on to the charts, pattern analysis and candlesticks. All seems to be aligning with each other and I already booked a small profit and have my spot position open and a pending position as well as I am looking for a retracement as well which could be around 138 USDT/contract.
In the above chart, the entry levels and 2 out of 4 TP(s) have been stated. I expect a manipulation at small level. If that’s done it will be as expected. I am expecting a retracement and upward movement.
The image says it all. You can open the image in new tab to look more into the details
After a further retracement we expect an upward move. The price points at right are the entries and TP levels.
I mentioned one CRYPTO that is looking for a greater move of 50%+ and yeah I will mention the first character of the token. It starts with X.
Note: DYOR is mandatory, Ideas shared are personal opinion and should not be considered as a trading advice or consultation. We suggest you to consult with your portfolio manager or investment advisor for proper risk management.
