Thoughts on #SOL
We are considering 2 options and all on a trigger order
General information 4h TF
At the moment,#SOLis trading above 0.382 Fibo after its retest from highs at $161, the price has consolidated above the volumes in the cycle based on VPVR data
Sell volumes according to MACD are gradually decreasing, RSI at the current moment shows the accumulation of momentum for a breakout to values from 39.55 to 50.
Based on this
1. Setup for LONG in case of a breakout of the moving RSI and a change in trend to an upward cycle
TRIGGER TBX 146.72
TP 1 - 148.90
from 149.19 to 150.01 - order block
TP 2 - 153.10
SL - 142.36 is taken out volumes based on VPVR
2. Setup on SHORT in case of rebound from the moving RSI
TRIGGER TVX for breaking through 0.382 Fibonacci and volumes by VPVR 139.93
TP 1 - 138.75#
TP 2 - 136.27
You can also drag SHORT further using a trailing stop or manually