SOL Market Outlook and Trading Suggestions for Tomorrow (August 14)



1. Market Overview
SOL has recently broken through key resistance and firmly stands above $200, moving out of an ascending channel. There is a noticeable inflow of bullish funds, with derivative open interest up by 22.4% and options trading volume surging nearly 300%, indicating a positive sentiment. However, a whale unlocking $35M SOL into exchanges may bring short-term selling pressure.

2. Technical Structure
• Support Level:
• Level 1: $198-200 (VWAP Range)
• Secondary: 185.5 USD (4-hour EMA20)
• Level 3: 178-182 USD (daily demand zone)
• Resistance level:
• 218 USD (Fibonacci 0.618)
• Target after breakout is $230 (upper channel)
• Pattern: Daily symmetrical triangle, with 172 USD as the key support for the lower bound. A breakdown or weakening is expected.

3. Tomorrow's Trend Prediction
Overall, it maintains a strong oscillating pattern, with an expected operating range of 200-218 USD. If there is a significant breakout, it could rise to 230 USD.

4. Trading Strategies
• Bullish:
• Hold above 200 USD, you can open a small position to buy on dips, targeting 218 USD; if it breaks through, it will push towards 230 USD.
• If the volume breaks through 200 USD, you can increase your position.
• Defense:
• Break below 198-200 USD, be cautious of a pullback to 185.5 or 178-182 USD before re-entering.
• Fell below $172, increasing downside risk.

5. Core Conclusion
• Short-term bullish: The resonance between the capital and technical aspects favors the bulls.
• Risk Monitoring: Pay attention to whale selling pressure and signals of key support breakdown.
• Operation idea: enter the market in batches, set proper stop-losses, and capture potential breakout trends. #SOL# #ETH#
SOL-1.71%
ETH-3.48%
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