Evening operation suggestion on November 13, $SOL :
Given the overall bearish bias on the daily chart, it's better to attempt shorting in the range of 165.6-167 for a better risk-reward ratio. If there is a drop tonight, there are two potential levels for a rebound: one is the range of 148.6-149.4, and the other is at the level of 142.2.
The overall market trend should be a downward fluctuation. If you have opened a long position at the key support level, remember to take profits in a timely manner. If this is the first position at 148, the stop-loss should be based on a 1-hour close below the previous low of 145.5. The profit target here is expected to be around 150-153. We'll discuss the stop-loss and take-profit for the second position when it arrives.
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Evening operation suggestion on November 13, $SOL :
Given the overall bearish bias on the daily chart, it's better to attempt shorting in the range of 165.6-167 for a better risk-reward ratio. If there is a drop tonight, there are two potential levels for a rebound: one is the range of 148.6-149.4, and the other is at the level of 142.2.
The overall market trend should be a downward fluctuation. If you have opened a long position at the key support level, remember to take profits in a timely manner. If this is the first position at 148, the stop-loss should be based on a 1-hour close below the previous low of 145.5. The profit target here is expected to be around 150-153. We'll discuss the stop-loss and take-profit for the second position when it arrives.