Stewdamus' Chart Analysis

Stewdamus' Chart Analysis

Sold Some SOL To Long This Oversold Coin For A 40% Profit Potential

#crypto #altcoin #trader #trading #tradesetup

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Stewdamus
Aug 26, 2024
∙ Paid

Traders,

I scoured my list today in hopes of finding one of the most oversold altcoins out there and I think I’ve found it. So, I took some profit from my Solana trade to buy it. You can see from the chart below that we have very nice support on the underside. Plenty of accumulation has taken place in this area. And the liquidity blocks indicator is also confirming that this is a strong area of buying interest. Really, this is a very safe trade. And yet it is offering us almost 40% profit to our final target with a relatively low RRR of 3.3. The RSI is down near 40. I have to take this trade! The trade is…

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