SOLANA SOLUSD Breaks-Out & Leads Cryptocurrency

١٤ أكتوبر ٢٠٢٤

https://www.tradingview.com/x/xKz5H3UK/

It was not so long ago that Solana was priced below it's 200EMA on the daily chart.

This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%.

Bitcoin in up about 2% in the Asian Monday session

١٤ أكتوبر ٢٠٢٤

تم فتح الصفقة

Solana pulls back for Buy Orders:
Buying Limit or Market 155 - 155.50
Stop Loss: 152 (below Order block)

١٤ أكتوبر ٢٠٢٤

تم فتح الصفقة

150 is a better Stop Loss but less RR.
(SOLUSD is expected to go much higher over coming weeks.)

١٤ أكتوبر ٢٠٢٤

ملاحظة

Price is pulling back and setting up for another upwards move.

١٥ أكتوبر ٢٠٢٤

تم فتح الصفقة

Buy Order SOLUSD Buying 155-156 zone
SL: 153.40
TP: To be advised. > 200

١٥ أكتوبر ٢٠٢٤

تم فتح الصفقة

١٥ أكتوبر ٢٠٢٤

ملاحظة

Sorry Stop Loss should be read as 149.40 NOT 153.40

١٥ أكتوبر ٢٠٢٤

تم فتح الصفقة

This looks to be the deeper Fib retracement for Solana, which is expected to keep turning upwards in price sharply. But where the Stop?
I think this Stop needs to be deep and the RR will still be superfine.
SL to go 139.90 which is just under the Daily 200EMA.
SL 139.90.