Market Context:
Solana has pulled back into a key short-term demand zone after a sharp rejection from recent highs. Price action is now showing signs of local exhaustion, with confluence from lower timeframe support and bullish structure attempting to form. The setup anticipates a bounce targeting the mid-Fibonacci zone.
Setup Idea:
Price tapped into a local support shelf around 148.80, where previous demand initiated the last impulsive leg up. With momentum indicators stretched and RSI divergence building, this offers a high-probability scalp opportunity.
Targeting the 0.5–0.618 Fibonacci retracement zone as first resistance, with confirmation needed for further continuation.
Trade Plan:
Entry: Around 148.80–149.00
Stop Loss: Below 148.30 (beneath local swing low and structure break)
Target: 154.50–155.90 (Fibonacci 0.5 to 0.618 zone)
Risk/Reward: Approx. 2.5R
Notes:
This is a reactive setup — price must hold the current level or print a higher low. If sellers regain control below 148.30, the trade is invalidated. Watch closely for volume shift and 1H candle confirmation before adding size.
Mid-Fibonacci level (154.57) is a logical area to de-risk or take partial profits.
Solana has pulled back into a key short-term demand zone after a sharp rejection from recent highs. Price action is now showing signs of local exhaustion, with confluence from lower timeframe support and bullish structure attempting to form. The setup anticipates a bounce targeting the mid-Fibonacci zone.
Setup Idea:
Price tapped into a local support shelf around 148.80, where previous demand initiated the last impulsive leg up. With momentum indicators stretched and RSI divergence building, this offers a high-probability scalp opportunity.
Targeting the 0.5–0.618 Fibonacci retracement zone as first resistance, with confirmation needed for further continuation.
Trade Plan:
Entry: Around 148.80–149.00
Stop Loss: Below 148.30 (beneath local swing low and structure break)
Target: 154.50–155.90 (Fibonacci 0.5 to 0.618 zone)
Risk/Reward: Approx. 2.5R
Notes:
This is a reactive setup — price must hold the current level or print a higher low. If sellers regain control below 148.30, the trade is invalidated. Watch closely for volume shift and 1H candle confirmation before adding size.
Mid-Fibonacci level (154.57) is a logical area to de-risk or take partial profits.
Trade aktif
MY Sl got hit, but I will still try to re-enter.
May the Green Spirit be with You ❇️💚
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.
May the Green Spirit be with You ❇️💚
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.