SOLANA Short Incoming @41.5

5 thg 6, 2022

Quick trade idea on SOL/USDT on Bybit. This is a high risk one, but the area looks strong with a .618 fib, 50 EMA and general KL coming together in a resistance level for an already weak Solana. This should be a quick trade, shouldn't last longer than 2 days and will become invalid if we get a rejection of off the level around it or if the crypto market gets some bullish impulses, such as BTC going up to 31,500

ENTRY: 41.495
SL: 42.250
TP: 39.985
RR: 2

Cilinix Crypto