RhymeIronclad
Open Trade
High-Frequency Trader
1.1 Years
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$SOL Simple technical analysis and set up
06.06.2025
-Weekly levels: 187.5 and 141.55 (adjusted from 142.55)
-Daily level: 152
-Price action: deep retracement from 141.55 to 152.39. Both daily and 4H timeframe showing downtrend.
-Confirmation: price tried to break through 152 but leave the zone quickly.
So the market is bearish, it would be low risk to open a short position.
-Entry: 151~152
-TP: 141.55
-SL: 153
-Scale in at 148 and 145.
Let's see how it goes.
#Solswingtrade
06.06.2025
-Weekly levels: 187.5 and 141.55 (adjusted from 142.55)
-Daily level: 152
-Price action: deep retracement from 141.55 to 152.39. Both daily and 4H timeframe showing downtrend.
-Confirmation: price tried to break through 152 but leave the zone quickly.
So the market is bearish, it would be low risk to open a short position.
-Entry: 151~152
-TP: 141.55
-SL: 153
-Scale in at 148 and 145.
Let's see how it goes.
#Solswingtrade
$SOL swing trading simple technical analysis and trade set up 06.06.2025
- Weekly levels: 141.55 and 187.5
- Daily levels: 152
- Price action: price dropped quickly from 154.5 to 141.53 in the last 24 hours. The price show resistance at 141.55 level.
- Confirmation: nothing in particular except a long wick bearish bar at 4H timeframe.
So the overall trend is bearish. However the weekly levels are powerful zones where big players would defend them. Expected a retracement so let's try scalping.
- Entry: 144~145
- TP: 150
- SL: 141.5
Let's see how it goes.
#SOL #ScalpingTrading
- Weekly levels: 141.55 and 187.5
- Daily levels: 152
- Price action: price dropped quickly from 154.5 to 141.53 in the last 24 hours. The price show resistance at 141.55 level.
- Confirmation: nothing in particular except a long wick bearish bar at 4H timeframe.
So the overall trend is bearish. However the weekly levels are powerful zones where big players would defend them. Expected a retracement so let's try scalping.
- Entry: 144~145
- TP: 150
- SL: 141.5
Let's see how it goes.
#SOL #ScalpingTrading
06. 05.2025 Swing trade update 1
-Entry: $153~154
-TP: $142.55
-SL: $158
Since market has moved in my favor, I scaled in 25% of my initial position.
Scale in entry: $150.5
SL move to break even point.
Price action: one big marubozu bearish bar drilled through $152 support and forming bearish engulfing pattern.
Next scale in at $146.
Let's see if price can reach $142.55 in the next 24 hours.
$SOL #swingtrade
-Entry: $153~154
-TP: $142.55
-SL: $158
Since market has moved in my favor, I scaled in 25% of my initial position.
Scale in entry: $150.5
SL move to break even point.
Price action: one big marubozu bearish bar drilled through $152 support and forming bearish engulfing pattern.
Next scale in at $146.
Let's see if price can reach $142.55 in the next 24 hours.
$SOL #swingtrade
$SOL
SOL simple technical analysis and set up
- Weekly levels: $187.5 and $142.55
- Daily level: $152
- Price action: Weak bounce to $157.93 from $152, comparing to last time $163 retracement. Both daily and 4H timeframe show a downtrend.
- Confirmation: bearish daily pin bar rejecting EMA 50.
So the market is bearish, it is low risk to take a short trade. My trade set up would be:
-Entry: $153~154
-TP: $142.5
-SL: $158
-Scale in at $150 and $146, also move SL to break even.
Let's see how it goes.
#solana #SwingTrade
SOL simple technical analysis and set up
- Weekly levels: $187.5 and $142.55
- Daily level: $152
- Price action: Weak bounce to $157.93 from $152, comparing to last time $163 retracement. Both daily and 4H timeframe show a downtrend.
- Confirmation: bearish daily pin bar rejecting EMA 50.
So the market is bearish, it is low risk to take a short trade. My trade set up would be:
-Entry: $153~154
-TP: $142.5
-SL: $158
-Scale in at $150 and $146, also move SL to break even.
Let's see how it goes.
#solana #SwingTrade
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