💎Analysis of a subscriber’s transaction using #SOL
➡️The entry was long from 86.31 - the point is marked on the chart. This was an attempt to continue the movement after reaching a local crossroads.
❌ The main mistake is entering after movement
The high sweep had already occurred earlier, liquidity was removed from above, and the entry was made a little later - when the price had already begun to show weakness inside the channel.
Then the market broke through the lower border of the ascending channel and retested the POC zone - here it was already clear that the structure was breaking.‼️
📉 Where you had to go out:
After consolidating below the channel and returning below the POC, this was a clear signal that the long idea had stopped working.
✅ How would I act: I would wait for the movement below - into the area of interest that I marked on the chart. There it is logical to withdraw liquidity that has been accumulating for almost a month. And after that, consider recruiting a position.
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Post #622
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