$SOL /USDT 1H - Price Action Swing Trade - No Indicator
This is educational only, not financial advice.
Current Structure:
Price dropped to 116.73 and made double bottom around same level. After that a strong bullish engulfing candle with volume. Buyers are defending 116.73 low.
Last swing high is 120.59
Swing Plan - Long:
Bias: Counter trend bounce
Entry: 117.80 to 118.20 zone, on red candle retest, do not chase green candle
Stop Loss: 116.20, below the 116.73 wick. If 1H close below 116.20, idea invalid
Target 1: 120.50 - previous high, book 50 percent
Target 2: 122.50 to 123.00, book remaining
Risk: Use only 1 to 2 percent of capital, move SL to break even after TP1
Invalidation: Close below 116.20 can take price to 114.50
This is short term bounce, not long term hold.
#DYOR🟢
$AVAX
$ETH
#Write2Earn
#signaladvisor
#EtherGains70.9%InQ3
This is educational only, not financial advice.
Current Structure:
Price dropped to 116.73 and made double bottom around same level. After that a strong bullish engulfing candle with volume. Buyers are defending 116.73 low.
Last swing high is 120.59
Swing Plan - Long:
Bias: Counter trend bounce
Entry: 117.80 to 118.20 zone, on red candle retest, do not chase green candle
Stop Loss: 116.20, below the 116.73 wick. If 1H close below 116.20, idea invalid
Target 1: 120.50 - previous high, book 50 percent
Target 2: 122.50 to 123.00, book remaining
Risk: Use only 1 to 2 percent of capital, move SL to break even after TP1
Invalidation: Close below 116.20 can take price to 114.50
This is short term bounce, not long term hold.
#DYOR🟢
$AVAX
$ETH
#Write2Earn
#signaladvisor
#EtherGains70.9%InQ3
