SLPHOBIA

SLPHOBIA

📍 Overview: SOL has successfully broken out of a major descending trendline that has been acting as resistance since mid-June. Price is now consolidating above that line, forming a tight accumulation zone — a classic pre-breakout setup. 🔍 What I'm Watching: Price is currently holding within a sideways range (highlighted in purple). The previous downtrend line...

SLPHOBIA

This chart highlights an important lesson in breakout trading: Not all breakouts are valid, even when backed by volume. 🔍 Technical Breakdown: BTC was trading inside a well-respected ascending channel, with multiple touches on both the upper and lower bounds. Price broke above the channel with a 15-minute candle close and volume, giving the appearance of a...

SLPHOBIA

Repeated liquidity sweeps (marked with arrows) indicate smart money absorbing sell pressure. Consolidation is happening after a significant downtrend, suggesting potential reversal. The volume stays steady — no major breakdowns or explosive exits. What you see here is a textbook accumulation phase forming on the USD/CHF chart — not just because of the sideways...

SLPHOBIA

1st retest failed after breakout and tried second retest. and it passed but hunted my stoploss.and then continued downward as planned