$SOL/USDT 4h (Binance Futures) Parabolic curve under resistance

Solana has risen strongly after breaking out of the wedge and is likely to retrace down to it in the coming days before resuming bullish.

Current Price= 78.955
Sell Entry = 80.493 - 84.673
Take Profit= 73.545 | 67.509 | 1.820
Stop Loss= 90.107

Risk/Reward= 1:1.2 | 1:2 | 1:3.12
Expected Profit= +21.88% | +36.50% | +56.94%
Possible Loss= -18.22%

Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days

Trade attivo:

First entry filled

Solana finally went back up for supply zone after going down -13.51% from call price.

Commento:

Up to +19.52% (2x) profit

Will Solana let us nail a short at last? We'll find out sooner than later!
Revisiting 50MA is very probably in play so we are not taking profit yet, but if you want to secure some, be our guest.

Trade chiuso: obiettivo raggiunto:

TP2 reached with +36.50% (2x) and +2R

Solana is retracing down as planned after retesting broken ascending Trend-Line (TL)
Now 50MA (grey) is lost, 100EMA (orange) is very likely to be revisited, then probably last target as well.
SL adjusted slightly above lowest entry price (80.503$) in any case and let it go!

Trade chiuso manualmente:

Remaining position closed at BE

Solana bounced back on 100EMA and went for a new ATH, what a beast!
PC bot closed at Break-Even, if you stuck to original SL then you have been stopped out by now.
Seems to be on top of the trend so we'll wait another break-down to short it again if clear enough.