Analysis of the long and short positions for BTC/SOL/ETH contracts on July 17: This week's ultimatum.


Yesterday, our SOL finally showed some strength. We reminded to take profit above 173 for our positions at 156-158. This morning, the market pulled back again, and whether it will return to a range-bound movement depends on whether the market can launch another attack on the previous high on Thursday and Friday. Otherwise, it will just be another operation that tests your patience with a return to range-bound trading.

$BTC support today is at 117200 and 116100. Resistance above is at 120400 and 122700. The 4-hour close this morning was still quite poor, so be cautious of the risk of a pullback today.
$SOL has once again pulled back after a rise, with support today between 166 and 164. A further rise might challenge the daily resistance at 180.
$ETH We reminded about the considerable incremental increase a couple of days ago, and it did indeed surge strongly. Today's short-term support is at 3260, 3205, and if it drops to 3070, it would be a good opportunity to buy some spot for a gamble.

This week presents an ultimatum: if there are no new highs on Thursday and Friday, we might return to a period of consolidation to test your patience and stamina. So, be patient in these last two days, and while it's bold to increase your positions, wait for a significant rise before chasing the price! #ETH#
SOL1.34%
BTC0.79%
ETH2.78%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
Netlordvip
· 07-18 19:44
Sol pump will melt faces
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)