SOLUSDT Bullish Breakout Trade Setup – Descending Wedge Pattern
This trade setup on the SOLUSDT pair is based on a descending wedge pattern, where the price is making lower highs and lower lows within a contracting range. The trendline resistance has been tested multiple times, with the upcoming 4th touch increasing the probability of a breakout.
Trade Plan:
Entry: After the breakout of the trendline resistance, followed by a short correction (pullback).
Stop Loss: Below the last swing low after breakout confirmation.
Take Profit: Based on Fibonacci levels, with Target (1) and Target (2) offering a potential Risk-Reward (RR) of 3.5:1.
The MACD indicator is currently bearish, but a potential crossover could confirm momentum shift. A clean breakout with strong volume will validate the long setup, making this a high-probability trade opportunity. 🚀
Trade Plan:
Entry: After the breakout of the trendline resistance, followed by a short correction (pullback).
Stop Loss: Below the last swing low after breakout confirmation.
Take Profit: Based on Fibonacci levels, with Target (1) and Target (2) offering a potential Risk-Reward (RR) of 3.5:1.
The MACD indicator is currently bearish, but a potential crossover could confirm momentum shift. A clean breakout with strong volume will validate the long setup, making this a high-probability trade opportunity. 🚀
Nota
Do not enter on breakout, must wait for the correction after break.Trade ativo
remember to wait for the higher low, the trade setup is approaching to the Potential Entry
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.