SOL/USDT is forming inverse head and shoulders on 1h.
Downtrend momentum is weak and we have demand out of this area.
We have good support on left shoulder.
It has potential for a reversal.
We have tight stop and decent R:R ==> 5:1.
This trade is risky.
BTW first target is very possible. Save 50% on first target which is neck line.
Entry: 145-146
Targets:
1) 150
2) 155
SL: 1h close below 144
Downtrend momentum is weak and we have demand out of this area.
We have good support on left shoulder.
It has potential for a reversal.
We have tight stop and decent R:R ==> 5:1.
This trade is risky.
BTW first target is very possible. Save 50% on first target which is neck line.
Entry: 145-146
Targets:
1) 150
2) 155
SL: 1h close below 144