SOL has reversed the daily structure while I wasn't paying attention
Journal note: SOL
$SOL /USDT · Trend: LONG · 7/12 signals in agreement
Technical conclusion: STRONG LONG. 7 out of 12 signals are in agreement, 0 against.
Supporting factors (7):
• Daily trend: price > EMA50 > EMA200, bullish stack
• 4h trend: price > EMA50 > EMA200, bullish stack
• 1h trend: price > EMA50 > EMA200, bullish stack
• Trend strength (ADX/DI, 15m): ADX 26.2 with buyers currently in control (DI+ 34.3 vs DI− 19.8)
At the moment, there are no factors pointing in the opposite direction.
I’m tracking SOL from an entry point of 115.8900 on the 1h timeframe; I want to see price first push up to 119.5524. The daily trend is bullish, the 4h trend is bullish, and the 1h trend is also bullish when price is above all the EMAs. I’ll be wrong if the 1h price drops below 110.5161—this is my invalidation level. The 1h ATR is 1.356357 and the 1h RSI is 57.8, so there’s still room in momentum before it becomes overbought. A confidence level of 79.7 was achieved, and seven factors have been confirmed.
Price map:
🎯 TP3: 125.6564
🎯 TP2: 121.9940
🎯 TP1: 119.5524
📍 Entry: 115.7078 – 116.0722
🛑 SL: 111.0068
Your turn:
If you’re watching from the 4h chart, where would you set your invalidation level?
See on the chart 👇
Journal note: SOL
$SOL /USDT · Trend: LONG · 7/12 signals in agreement
Technical conclusion: STRONG LONG. 7 out of 12 signals are in agreement, 0 against.
Supporting factors (7):
• Daily trend: price > EMA50 > EMA200, bullish stack
• 4h trend: price > EMA50 > EMA200, bullish stack
• 1h trend: price > EMA50 > EMA200, bullish stack
• Trend strength (ADX/DI, 15m): ADX 26.2 with buyers currently in control (DI+ 34.3 vs DI− 19.8)
At the moment, there are no factors pointing in the opposite direction.
I’m tracking SOL from an entry point of 115.8900 on the 1h timeframe; I want to see price first push up to 119.5524. The daily trend is bullish, the 4h trend is bullish, and the 1h trend is also bullish when price is above all the EMAs. I’ll be wrong if the 1h price drops below 110.5161—this is my invalidation level. The 1h ATR is 1.356357 and the 1h RSI is 57.8, so there’s still room in momentum before it becomes overbought. A confidence level of 79.7 was achieved, and seven factors have been confirmed.
Price map:
🎯 TP3: 125.6564
🎯 TP2: 121.9940
🎯 TP1: 119.5524
📍 Entry: 115.7078 – 116.0722
🛑 SL: 111.0068
Your turn:
If you’re watching from the 4h chart, where would you set your invalidation level?
See on the chart 👇
