Cryptocurrency Pair Analysis: Evaluating SOL/USDT Across Multiple Timeframes (M5, M15, H1) on "{{31-Dec-2023}}"

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

The analysis points out that SOLUSDT is going down on the M5 timeframe. It might be a good plan to consider selling when the price drops significantly. I've identified this low point as an Unmitigated Orderblock with a clear high structure. It's crucial to remember that every high and low in the market is seen as liquidity, underlining the importance of getting strong confirmation before deciding to sell. Make sure you wait for a solid signal before making any selling decisions, especially when dealing with the dynamics of the market lows and highs on the M5 timeframe. This strategy focuses on making informed choices to navigate the current downtrend and maximize opportunities while prioritizing confirmation for a more reliable approach.

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M15

The review says SOLUSDT (M15) is going down, and we're already selling. Why are we selling? The market went above the old high, like a big money spot. After using that money, we decided to sell. We can sell however we want, but it's important that the market closes below the old high. If you're watching M15, stick to M15 for decisions.
Our goal is to reach H1 POI. Why? Because the market needs to balance at H1 POI. It's important to reduce the impact of H1 POI, stressing the need for the market to match this point for a balanced result. Following these signs and thinking about the details in the M15 timeframe, our plan aims to handle the ongoing downtrend and make the most of market changes. This way, we make smart choices that fit the bigger goal of reaching and stabilizing at H1 POI.

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H1

The current analysis on SOLUSDT (H1) suggests an uptrend. It's advisable to consider a buy after extreme POI mitigation, where extreme POI signifies high probability. Opting for an Orderblock entry is a refined approach, enhancing the potential for a favorable risk-reward ratio. Success in trading hinges on mastering risk-reward dynamics. It's essential to exercise patience and await mitigation, but if a direct sell is preferred, shifting to lower timeframes like M15 or M5 can reveal selling opportunities. However, a prudent strategy involves waiting and observing for the optimal market conditions before making any decisions. This approach prioritizes mitigating risks and maximizing rewards by strategically entering the market after careful consideration of extreme POI and utilizing the refined concept of Orderblocks for a more calculated and potentially rewarding trading experience.

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LAST

Analyzed by@danish578
SourceTrading view
PairsSOL/USDT
Beneficiaries25% @null
Thanks For Voting My Post1680963762477.jpg
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