SOL Midday Analysis



After a unilateral decline from the high of 83.74, it has now entered a low-range consolidation, with the price retracing to the 82.81 support level. Bulls and bears are at a stalemate, waiting for a direction to be chosen.
Core levels: strong resistance at 83.5-83.74, strong support at 82.81-82.9

Suggestions: Short-term, wait for a rebound to 82.85-82.95 and stabilize before lightly entering long positions, stop loss at 82.75, target 83.3-83.5; for a rebound at 83.4-83.6, attempt short positions against resistance, stop loss at 83.8, target 83.0-82.8
Trend: Break above 83.74 for a bullish trend, break below 82.81 for a bearish trend. No clear signals mean no chasing trades. In a choppy market, strictly control position sizes, enforce stop losses, better to miss opportunities than make mistakes! #SOL $SOL
SOL-3.17%
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin