SOL this wave is actually quite weak. Although it also rebounded a bit yesterday, the high reached 87.75—right as it just touched the upper Bollinger Band—but it’s clearly that the spike didn’t hold steady. After that, it directly dropped all the way down, breaking below the middle band.

Now, at this position, I personally wouldn’t rush to go long. At least wait until it pulls back to around 82 and has support, and then considering a low-long would be more stable.

Looking upward as well, it’s the same logic. If it truly wants to regain strength, it must first increase volume and stabilize above 85; otherwise, it’s all just a false rebound.

If the price pushes higher again, getting close to the 88-88.7 range, I’d be more inclined to add a heavy short. This position offers a much better cost-performance ratio.
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$SOL ‌