This trading setup outlines a short-term, or scalp, short position on the SOL/USDT pair on the 30-minute timeframe. The logic is fundamentally based on a confirmed market structure shift from bullish to bearish.
Technical Analysis of the Setup Components:
Ascending Trendline Break: The first warning signal is the decisive break of the primary ascending trendline (green line). This indicates a weakening of buyer strength and a loss of bullish momentum.
Change of Character (CHoCH): Following the trendline break, the price failed to create a new higher high. Instead, it formed a lower low than the previous one, signaling a "Change of Character" in the market structure from bullish to bearish. This is a key signal to start looking for short opportunities.
Break of Structure (BoS) Confirmation: By breaking a significant prior support level, the price created a bearish "Break of Structure" (BoS). This move confirms the new downtrend and suggests that sellers are now in control of the market.
Strategic Entry Point: The entry is set at $161.12. This area represents a broken support zone that is now expected to act as resistance (a classic Support-Resistance Flip). Entering on a pullback to this broken structure is a high-probability strategy for joining the new trend.
Risk and Reward Management:
Stop Loss (SL): The stop loss is placed at $162.07, just above the most recent lower high. This is a logical placement, as a price move above this level would invalidate the current bearish scenario.
Take Profit (TP): The take profit is targeted at $156.90, near the next major support or demand zone, making it a reasonable objective for the bearish leg.
Risk/Reward (R/R) Ratio: The setup offers an excellent risk/reward ratio of 4.44 to 1. This means the potential profit is more than four times the potential loss, which is highly favorable from a risk management perspective.
Technical Analysis of the Setup Components:
Ascending Trendline Break: The first warning signal is the decisive break of the primary ascending trendline (green line). This indicates a weakening of buyer strength and a loss of bullish momentum.
Change of Character (CHoCH): Following the trendline break, the price failed to create a new higher high. Instead, it formed a lower low than the previous one, signaling a "Change of Character" in the market structure from bullish to bearish. This is a key signal to start looking for short opportunities.
Break of Structure (BoS) Confirmation: By breaking a significant prior support level, the price created a bearish "Break of Structure" (BoS). This move confirms the new downtrend and suggests that sellers are now in control of the market.
Strategic Entry Point: The entry is set at $161.12. This area represents a broken support zone that is now expected to act as resistance (a classic Support-Resistance Flip). Entering on a pullback to this broken structure is a high-probability strategy for joining the new trend.
Risk and Reward Management:
Stop Loss (SL): The stop loss is placed at $162.07, just above the most recent lower high. This is a logical placement, as a price move above this level would invalidate the current bearish scenario.
Take Profit (TP): The take profit is targeted at $156.90, near the next major support or demand zone, making it a reasonable objective for the bearish leg.
Risk/Reward (R/R) Ratio: The setup offers an excellent risk/reward ratio of 4.44 to 1. This means the potential profit is more than four times the potential loss, which is highly favorable from a risk management perspective.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.