It was not so long ago that Solana was priced below it's 200EMA on the daily chart.
This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%.
Bitcoin in up about 2% in the Asian Monday session
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Solana pulls back for Buy Orders:
Buying Limit or Market 155 - 155.50
Stop Loss: 152 (below Order block)
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150 is a better Stop Loss but less RR.
(SOLUSD is expected to go much higher over coming weeks.)
บันทึก
Price is pulling back and setting up for another upwards move.
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Buy Order SOLUSD Buying 155-156 zone
SL: 153.40
TP: To be advised. > 200
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Sorry Stop Loss should be read as 149.40 NOT 153.40
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This looks to be the deeper Fib retracement for Solana, which is expected to keep turning upwards in price sharply. But where the Stop?
I think this Stop needs to be deep and the RR will still be superfine.
SL to go 139.90 which is just under the Daily 200EMA.
SL 139.90.