Cryptocurrency Pair Analysis: Evaluating SOL/USDT Across Multiple Timeframes (M5, M15, H1 and H4) on "{{07-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

Hello. This is the five-minute chart of SOL/USDT. We are selling because the trend is bearish tomorrow. We have to sell from our extreme point, which is our strong sell zone. We need confirmation there, and Our target is the lowest point on the five-minute chart.

IMG-20240107-WA0030.jpg

M15

Our 15-minute chart of SOL/USDT shows that the general trend is to sell. We are looking for a good selling time, and when we find one, it will be a clear selling point, marked in the tush. When we reach this point, we will confirm the clear sell signal and sell. This setup is more likely to be successful as the price is near a strong selling area. Our plan is to keep selling until we take some profit or break even, where we move our losses to the entry point. This helps us protect against loss if the market goes down and exits at the entry point if the market reverses.

IMG-20240107-WA0031.jpg

H1

And this is our H1 SOLUSDT chart where I mentioned that we have a buying opportunity as the market is trending to buy from H1. AFTER SWEEPING THE MAIN LOw AND CLOSING above IT WE CAN ENTER DIRECTLY FROM THE UNLIMITED ZONE OR FOR THE REFINED VERSION WE CAN GET CONFIRMATION OF m5 BOS CHOCH NOW WE HAVE ALREADY COMPLETED THE BUY. And our goal is to be our original high. But remember that whatever. Extreme point or any decisive point, decisive POI, extreme POI, we need confirmation there, we will enter only after confirmation, this can reduce your stop loss and you can get the best risk reward ratio.

IMG-20240107-WA0032.jpg

H4

Now let's talk, the overall market of the H4 chart of SOLUSDT is in a buy trend but we will find a sell opportunity in it until our buy level, After taken out liquidity of our previous high . There is a single candle order block above it on its mitigation we will execute our sell entry and our TP will be unmitigated orderflow of H4 buy side Zone.

IMG-20240107-WA0033.jpg

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