This trade setup on the SOLUSDT pair is based on a descending wedge pattern, where the price is making lower highs and lower lows within a contracting range. The trendline resistance has been tested multiple times, with the upcoming 4th touch increasing the probability of a breakout.
Trade Plan:
Entry: After the breakout of the trendline resistance, followed by a short correction (pullback).
Stop Loss: Below the last swing low after breakout confirmation.
Take Profit: Based on Fibonacci levels, with Target (1) and Target (2) offering a potential Risk-Reward (RR) of 3.5:1.
The MACD indicator is currently bearish, but a potential crossover could confirm momentum shift. A clean breakout with strong volume will validate the long setup, making this a high-probability trade opportunity. 🚀
Trade Plan:
Entry: After the breakout of the trendline resistance, followed by a short correction (pullback).
Stop Loss: Below the last swing low after breakout confirmation.
Take Profit: Based on Fibonacci levels, with Target (1) and Target (2) offering a potential Risk-Reward (RR) of 3.5:1.
The MACD indicator is currently bearish, but a potential crossover could confirm momentum shift. A clean breakout with strong volume will validate the long setup, making this a high-probability trade opportunity. 🚀
Catatan
Do not enter on breakout, must wait for the correction after break.Trade aktif
remember to wait for the higher low, the trade setup is approaching to the Potential Entry
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.