🎯 Entry Point: 🚀 Enter at $6.62 after price confirms a break below support.
🛡️ Stop Loss (SL): 🔒 Set SL at $6.72 to secure your position against reversal.
💰 Take Profits (TP): 🎯 TP1: $6.50 – Near key support for a quick gain. 🎯 TP2: $6.40 – Capture extended bearish momentum.
📊 Key Indicators: 📉 RSI: Ensure it’s below 50 for bearish confirmation. 📉 MACD: Look for bearish cross and momentum increase. 🔥 Volume: Rising sell volume below $6.60 confirms strength.
💡 Risk/Reward: ✅ Optimize with a 1:2 risk/reward ratio – risk small, aim big!
📝 Strategy Checklist: 1️⃣ Confirm price remains below $6.60 for one candle before entering. 2️⃣ Monitor bearish trend continuation (lower highs & lower lows). 3️⃣ Limit risk: Use 2-3% of your capital for this trade.
⚠️ Pro Tip: Stay agile and adjust levels to market volatility for maximum precision.
The price for Solana is in a nice spot, but I haven't seen any signs of reversal in Bitcoin and Ethereum, so I haven't taken any trades yet. If the structure I'm looking for forms in #BTC and #ETH🔥🔥🔥🔥 , I'll go long on Solana, AND I'LL SHARE IT HERE, SO DON'T FORGET TO FOLLOW TO NOT MISS OUT!