Trade Direction:
SOL Short - Hedge
Risk Management:
- Risk approx 0.5%
Reason for Entry:
- H1 supply zone at resistance
- H1 and M30 timeframes overbought
- M15 bearish divergence present
- Retracement into 0.718 Fibonacci level
- Weak lows beneath price drawing liquidity lower
- No breaker structure on higher timeframe; bearish grind continuing
- Trade set as a continuation with expectation of a lower high and further roll over
Additional Notes:
- Clear technical alignment for a short continuation trade
- Hedge against my FET Long
SOL Short - Hedge
Risk Management:
- Risk approx 0.5%
Reason for Entry:
- H1 supply zone at resistance
- H1 and M30 timeframes overbought
- M15 bearish divergence present
- Retracement into 0.718 Fibonacci level
- Weak lows beneath price drawing liquidity lower
- No breaker structure on higher timeframe; bearish grind continuing
- Trade set as a continuation with expectation of a lower high and further roll over
Additional Notes:
- Clear technical alignment for a short continuation trade
- Hedge against my FET Long
Trade active
Active: 146.69 entry chart slightly wrongTrade closed manually
Dislike this reaction. Manual close here for -0.1%Note
Okay actually re-entered lol.Ended up getting same pos size for 0.25% risk so with the 0.1% risk so far total risk is 0.35.
Reason for re-entry was BTC and Eth printing divergences now as well + eth weekly open retest.
Effectively, its turned into a 5:1 with same pos size and smaller risk. For bearish strucutre to remain intact it must dump here.
Note
SL moved to the highs now. risk ~0.12%Note
Risk free, BE. Not getting Chopped in this PA. Secured some partials. If it returns to my entry 147.37 then market wants higher.Note
Moving very well.Note
Stops trailed to 146.5Note
Reason: Potential area for a bounce here, btc might print bull divsNote
Securing partials hereNote
Full closed now. Flat across the board.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.