Chapter 2 is here, this time I will talk about the Big Four $SOL
For the trend that has already broken the retracement to the top, I personally would choose to use tool indicators to determine the entry position. The middle track of the Vegas channel below is very good. It is combined with the 0.786 sequence of Fibonacci retracement to enter the market, and the previous low point is used as the stop loss. This way, it is also easy to enter the market to stop profit and stop profit, and the profit and loss ratio is also very good.
Enter the market at 129.4, and use the previous low point 126.38 as the stop loss. Use the isolated low point as the stop loss point. After breaking through, the subsequent trend is very difficult to continue, and the retracement ratio is too large.
The stop profit can be placed around the previous high point of 162.3. The previous high point, which has been tested many times to form a resistance range, is a very effective resistance level.
