Sol is quite special, it has been trading sideways between 186-177 these days because 176 is the golden ratio point of its major swing trading, and the support level is very strong. So the current position between 182-184 is neither high nor low, and there is not much short order meat here, with the risk of being countered. Once it breaks through 186.5, it will rush to 190-194. Therefore, for short-term entry into a short order for sol, it is most suitable above 187.5.
As long as 175 does not break, it is not advisable to chase short orders below 182. If it touches 177-176 again, you can continue to go long. It is basically impossible to lose money going long here, because even if 175 breaks, the lowest it will drop is around 167, which is also a bottom-fishing point. A rebound will also reach 180.
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Achilles123
· 14h ago
Get Liquidated degree, ever since the Get Liquidated in June, it has eased for 2 months, and now comes out to show off, specifically deceiving newbies for subscription fees, get ready for the next Get Liquidated.
Sol is quite special, it has been trading sideways between 186-177 these days because 176 is the golden ratio point of its major swing trading, and the support level is very strong. So the current position between 182-184 is neither high nor low, and there is not much short order meat here, with the risk of being countered. Once it breaks through 186.5, it will rush to 190-194. Therefore, for short-term entry into a short order for sol, it is most suitable above 187.5.
As long as 175 does not break, it is not advisable to chase short orders below 182. If it touches 177-176 again, you can continue to go long. It is basically impossible to lose money going long here, because even if 175 breaks, the lowest it will drop is around 167, which is also a bottom-fishing point. A rebound will also reach 180.