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$SOL Fast entry and exit is the key
Currently in a typical range-bound, slightly bullish state, the bulls are temporarily in the lead but haven't broken through the key resistance, which is an awkward stage of "looking like it will rise but no solid confirmation." Going long should be with light positions for trial and error, and avoid heavy short positions for now.
The current price is 85.96, and in the past 24 hours, it has followed a "bottoming out and rebounding" pattern: the lowest dropped to 82.88, the highest reached 87.08, and finally it returned to around 86 with narrow fluctuations. The overall amplitude isn't exaggerated, which is normal for a ranging market.
You can interpret this trend as: the bears failed to break the support at 83, and the bulls' counterattack also didn't reach the resistance at 87, so both sides are temporarily balanced.
👉 Short-term long position
Entry: Rebound to 85.3-85.5 without breaking, try a small long position.
Stop loss: Below 84.8, target to watch the breakout of 87.08, and after breaking, look at the space for 88-89.
👉 Short-term short position
Entry: Rebound near 86.8-87, without breaking the previous high, try a small short position.
Stop loss: Above 87.3, target support at 85.0-84.5.
Note: Don't go all-in with heavy positions; stop loss is essential! Fake breakouts are common in this range. Before the direction is clear, quick in and out is the way to go.
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