Cryptocurrency Pair Analysis: Evaluating SOL/USDT Across Multiple Timeframes (M5, M15, H1 and H4) on "{{06-Jan-2024}}"

in hive-109435 •  last year  (edited)

Cryptocurrency Pair Analysis by @danish578
I want to clarify that I am not assuming responsibility for anyone here, and this is not a signal. I am simply sharing my market perspective.

SOLUSDT

M5

AsslamuAlikum This is the five-minute chart for SOL/USDT. We're selling because the overall trend is down. We want to sell from our extreme point, which is our strong selling zone. We need confirmation there, and our target is the lowest point on the five-minute chart.

TradingView_Screenshot_1704532861860.jpg

M15

Our SOL/USDT 15-minute chart shows an overall selling trend. We're focusing on selling opportunities, and when a sell setup forms, it'll be based on our extreme point, an unmitigated order block marked in the candle. Upon reaching this point, we'll execute our sell entry after confirming the single candle order block. This setup has a higher probability due to the inducement level near the extreme point. Our target is the main low of M15, indicated as the LOWER low on the chart. We'll hold our sell entry until reaching partial profit or setting a break-even point, where we shift our stop loss to the entry point. This helps us avoid losses if the market moves down and exit at the entry point when the market reverses.

TradingView_Screenshot_1704532945311.jpg

H1

And here is our chart of H1 SOLUSDT where I mentioned that we have a buy opportunity as the market is trending over the H1 to BUY side .If the over all trend of the market is towards buy, then we will find a buy opportunity in it. After sweep the main loq And closing Above it we can enter directly from an Unmitigated zone or for refind version we can gett m5 BOS CHOCH confirmation now we already executed buy and our target is going to be our main high.But remember that whatever is the extreme point or any decisional point, decisional POI, extreme POI, we need confirmation there, we will take entry only after confirmation it can make your stoploss Less and You can get Best risk reward ratio

TradingView_Screenshot_1704533402302.jpg

H4

Now, let's talk about the overall trend of the SOLUSDT on the H4 chart. If the market trend is in favor of buying, we'll look for a buying opportunity. Our buy setup is based on our extreme point, which I've marked on the chart. When the market mitigates the extreme point, we'll find a buying opportunity. Considering the lower time frame, H4, if the confirmation on the M15 is in line, we'll execute a buy entry. Our target will be the higher point mentioned on the chart.

TradingView_Screenshot_1704533454493.jpg

Analyzed by@danish578
SourceTrading view
PairsSOL/USDT
CommunitySteem4Bloggers
Beneficiaries25% @null
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