#SOL Short-term Market Analysis


The current price retraced to the middle band of the Bollinger Bands, with the upper band turning downward simultaneously, indicating that the short-term bullish momentum is continuously weakening, and the market has entered a sideways and slightly weak pattern.

There is obvious resistance at 84.38-84.42 above, with limited room for a short-term rebound; support is focused on the 83.8-84.0 range below.

Trading Strategy
Conservative approach: Wait for the price to effectively hold above the Bollinger middle band at 85.16, then follow the trend to go long; if it breaks below the 83.8 support, consider light short positions.
Short-term approach: Trade around the 84.0-84.5 range with high sell and low buy, strictly set stop-losses, and quickly enter and exit without hesitation.
BTC-0.89%
ETH0.15%
SOL-0.68%
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