SOLUSDT 15m time frame bounce target.

SOLUSDT has formed a bearish pattern on the 15min timeframe, with potential targets at 159 and 151.

I wouldn’t take a short entry here. Instead, I’ll wait for a bounce. Shorting now would be a counter-trade.

I’ve drawn a possible bounce zone, with a good entry point around the shorters’ TP2 at 151.

Another scenario involves a liquidity sweep before dropping to TP2, which would indicate a stronger bearish move.

The last possibility is a break above the liquidity sweep area, followed by consolidation and either a new high or a bullish structure formation. In that case, we could consider buying in that zone.

this is same scenario with doge but in 1hr time frame.

Note

I forgot to consider the 160 as a whole number support/imaginary support.

Trade active

The price bounced at TP1 and TP2. However, TP2 is most likely the final TP for short sellers. Therefore, if it breaks below TP, it will most likely go even deeper. You can consider the area below TP2 as your stop point, especially if you bought in that area.

Note

Assuming you bought at the tp2

First target is the 164 next is the 180 which is the retest of prev major resistance.

Then will wait again for a major breakout.

Note

Plotted line for a major breakout targets.

Trade closed: stop reached

reached my break even point and fall down below it.

i will wait for another pattern to trade from here. daily ma100 is almost there.

axxxis666

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axxxis666