The price movement of Solana in the 4-hour time frame is negative and falling. A bearish order block was formed and the price returned to its main trend after a reversal.
From an ICT perspective, the price is currently in the premium zone. Therefore, I expect the price to reach the discount zone based on the Fibo levels.
My desired targets for the price of Solana are:
20.96
19.39
17.85
14.06
In this way, by entering from this area, we will have a sell trade with a risk-to-reward of 2.81, which is excellent.
The maximum loss 14.32% is on the price of 26.90.
The last profit margin is 40.29% and is on the price of 14.06.
After reaching the first profit limit, it is better to trail stop.
From an ICT perspective, the price is currently in the premium zone. Therefore, I expect the price to reach the discount zone based on the Fibo levels.
My desired targets for the price of Solana are:
20.96
19.39
17.85
14.06
In this way, by entering from this area, we will have a sell trade with a risk-to-reward of 2.81, which is excellent.
The maximum loss 14.32% is on the price of 26.90.
The last profit margin is 40.29% and is on the price of 14.06.
After reaching the first profit limit, it is better to trail stop.