SOL SHORT Building up

29 lug 2024

Analysis:

Market Structure Shift (MSS): Awaiting confirmation below 187.52 for entry trigger 🛑
Fair Value Gap (FVG): Identified on the 4H chart (shaded grey area) 📊

Price Action: Bearish momentum expected to continue 📉
🎯 Entry: Below 187.52 on confirmation
🛡️ Stop Loss: Above 194.00
🏆 Take Profit: Targeting 176.80 🎯

📅 Time Frame: 4H Chart ⏰

🔔 Trade Plan:

Wait for a close below 187.52 for entry confirmation.
Set stop loss above the resistance at 194.00 to protect against potential reversals.
Aim for the take profit target at 176.80, where significant support is expected.

29 lug 2024

Nota

I made a Video which explains the potential trade and thought process:

30 lug 2024

Nota

SOL TARGET HAS BEEN HIT.

IT DID NOT PROVIDE US AN ENTRY.

ON TO THE NEXT.