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Tongge SOL today publicly shares his thoughts
Brothers, today the most wild move is $SOL , which violently broke through the 90 key resistance level in the early morning, rallying all the way to 93.8, lifting alone while Bitcoin and Ethereum are sideways and grinding. But listen to me, Tongge, now is definitely not the time to chase high.
This wave is just the tail end of sector rotation and a late-stage catch-up rally, not the main upward wave. The daily rebound trend is still there, but the four-hour bearish divergence has been fully confirmed, the red bars are rapidly shortening, and the volume after breaking 90 is clearly insufficient, which could lead to a sharp decline and shakeout at any time. Now is the main force pushing up to unload and induce buying.
Today's trading idea
Core: first short then long, mainly high-altitude shorting
Open a light position short around 93.5, add on rebounds at 94-94.5, stop loss at 95.
First target 91-90.5, second target 89-88.5, close all short positions at the target.
After a pullback to 88.5-89 and stabilization, reverse to long, stop loss at 88, target 92-93, quick in and out.
Final reminder: SOL is extremely volatile, absolutely do not chase high, keep position size within 5%, strictly set stop losses, and lock in profits after reaching the first target.