Helical_Trades

SOL/USDT : Breaking below the descending channel!

Short
BINANCE:SOLUSDT   SOL / TetherUS
SOLUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

$SOL has broken below the descending channel on the current daily candle.
So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price level.
That's why we'll need to break below the order-block to confirm both bearish break below the channel and bearish movement as the majority.
- Also, We'll have the opportunity to locate our Short into a proper retest of the broken order-block at $34.00 and aim for May's Low at $20.00!

In other terms, If we get the support for the current order-block, Then it'll activate the pullback scenario towards $58, So it'll come with Possible Long positions, But it's not our main scenario yet!

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
@Helical_Trades

🔴 Don't forget to join our channels for FREE Premium stuffs !

TELEGRAM :
t.me/Helical_Trades

Instagram ( Persian - فارسی ) :
www.instagram.com/helical_trades/
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.