Nicksinferno
8 Posts
Nicksinferno
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Occasional Trader
4.2 Years
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$SOL conducted a search and took liquidity above VAH at the resistance of $97.17 in 4H, performing an aggressive bearish reaction followed by a test of the resistance confirming the UTAD.
Price reached TP2 ✅ and is close to TP3 🧐 of the previously published operation. At this moment, it is better to close short and wait for a long entry near the resistance at $81.32
Operation:
Re-entry range LTF
ENTRY: $83.68 - $81.32
Stop loss: below $81.32
🎯Tp1: $85
🎯Tp2: $87.05
🎯Tp3: $90
🎯Tp4 obj: $92.26
Price reached TP2 ✅ and is close to TP3 🧐 of the previously published operation. At this moment, it is better to close short and wait for a long entry near the resistance at $81.32
Operation:
Re-entry range LTF
ENTRY: $83.68 - $81.32
Stop loss: below $81.32
🎯Tp1: $85
🎯Tp2: $87.05
🎯Tp3: $90
🎯Tp4 obj: $92.26
Update
$SOL rebounds in the test zone (red area) of the possible UTAD, generating activation of bearish movement with goals of liquidity taking in the VAL (Value Area LOW)
Bearish sentiment from traders and institutions moves prices with volatility, the price of oil increases uncertainty causing sales from many operators.
$SOL rebounds in the test zone (red area) of the possible UTAD, generating activation of bearish movement with goals of liquidity taking in the VAL (Value Area LOW)
Bearish sentiment from traders and institutions moves prices with volatility, the price of oil increases uncertainty causing sales from many operators.
$SOL is within a range, as perceived with Wyckoff methodology.
On the 4H chart, the price forms a HH indicating a UTAD, this is due to a re-entry into the range and possible testing of resistance with a signal of LH,
The LH OF THE RESISTANCE indicates on 4H, a possible reversal at resistance looking for a HL or possibly LL, aiming for bearish targets and liquidity take.
We are attentive to what happened in reaction to the resistance at $87.34 and the VAH in LTF of 5 min at the price $89.4, which, yes, is delayed in reacting.
Let's hope the BEARISH TRADE that is open reaches its targets.
#solana #sol #WyckoffAnalysis #smc #SmartoMoneyC
On the 4H chart, the price forms a HH indicating a UTAD, this is due to a re-entry into the range and possible testing of resistance with a signal of LH,
The LH OF THE RESISTANCE indicates on 4H, a possible reversal at resistance looking for a HL or possibly LL, aiming for bearish targets and liquidity take.
We are attentive to what happened in reaction to the resistance at $87.34 and the VAH in LTF of 5 min at the price $89.4, which, yes, is delayed in reacting.
Let's hope the BEARISH TRADE that is open reaches its targets.
#solana #sol #WyckoffAnalysis #smc #SmartoMoneyC
Quoted content has been removed
LH in LTF 5m $SOL activated, waiting for reaction to target Tp 2 if there is a bearish continuation and respects the LH level reached.
Support point LL in LTF 5min, waiting to break below level for bearish expansion.
#AnalisisTecnico #SMC #smartmoney
Support point LL in LTF 5min, waiting to break below level for bearish expansion.
#AnalisisTecnico #SMC #smartmoney
Nicksinferno
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Bearish$SOL
Bearish trade $71 ??
Entry: 85.66 - 86.50
Stoploss: 87.34
Tp1: $85 ✅
Tp 2: $84
Tp 3: $81.4
Final target: $71
Bearish trade $71 ??
Entry: 85.66 - 86.50
Stoploss: 87.34
Tp1: $85 ✅
Tp 2: $84
Tp 3: $81.4
Final target: $71
$SOL
Bearish trade $71 ??
Entry: 85.66 - 86.50
Stoploss: 87.34
Tp1: $85 ✅
Tp 2: $84
Tp 3: $81.4
Final target: $71
Bearish trade $71 ??
Entry: 85.66 - 86.50
Stoploss: 87.34
Tp1: $85 ✅
Tp 2: $84
Tp 3: $81.4
Final target: $71
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