6.8 SOL ideas: finally rebounded after a sharp decline, but don't get carried away!

$SOL
Entry: around 67.5-68.5, with a bullish signal at 69.5, watch 64-60

Today SOL finally followed the market and regained some ground, rising about 5% in 24 hours. Honestly, seeing this green candle, I was a bit dazed, after all, this asset has been falling for 8 consecutive months, from 29.5 all the way down to yesterday’s 62, many people have been overwhelmed by the decline.

But I must first pour a cold water: this is an oversold rebound, definitely not a reversal! Don’t think SOL is back on track just because it’s risen, and rush in with full positions to buy the dip. The market sentiment is still extremely panic-stricken, funds are watching on the sidelines, no real buying volume is coming in, this wave is just a technical correction after too much decline.

SOL is now much weaker than 姨太, the former "King of Altcoins" halo is gone, funding attention is very low, the market cap rises when it rises, and falls hard when it drops.

For those planning medium-term positions, now is definitely not the time! At least wait until the 55-60 range, and see if there are three consecutive days without new lows as a sign of stabilization.

A rebound is an opportunity for you to reduce positions or take short-term profits, not a signal to go all-in and buy more.