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Supplementing the trading strategy for LTC and SOL intraday operations:
LTC rose to around 77.5 points last night, failing to break through the high point of 78.5 points from yesterday morning. As it is the weekend, liquidity and trading volume are relatively poor. The LTC hourly chart shows a clear stagnation pattern at the top. If it cannot continue to increase volume and reach a new high during the day, it will likely lead to a downward pullback. Pay attention to the support level at 75.5 points and the key support level around 71 points. If it breaks below, look for 67 points and around 63 points.
Note: 63 points is the last line of defense for the recent upward trend. As long as it can effectively maintain above 63 points, it will continue to rebound upwards. Conversely, if it falls below 63 points, it indicates a bearish downward trend.
"LTC Intraday Trading Strategy: Focus on shorting at high positions below 77.5 points"
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SOL's performance last night was slightly stronger, rising to around 122.6 points, slightly breaking through yesterday morning's high of 121 points. As it is the weekend, liquidity and trading volume are relatively poor. The hourly chart of SOL has also shown a clear stagnation pattern at the top. If it cannot continue to increase in volume and reach new highs within the day, it will likely experience a downward pullback. Pay attention to the support level at 120 points and the key support level around 108.2 points. If it breaks below, look for 101 points and around 95 points.
Note: 95 points is the last line of defense for the recent upward trend. As long as it can effectively maintain operations above 95 points, it will continue to rebound upwards. Conversely, if it falls below 95 points, it indicates a bearish downward trend.
"SOL Intraday Trading Strategy: Focus on Shorting from High Positions Below 122.6"