May 9 $SOL Market: The index broke through the daily box, where can we chase the long?



These past two days, the index has been the strongest. Looking at the daily chart today, it’s basically about to break out of this box that has been oscillating since February. As for whether it’s a true or false breakout, we need to see if the daily close over the next two days maintains above the 100.5 resistance.

For a 1-hour upward chase, consider looking at this trend line; 90.7 and 89.5 are support levels to watch.

The index seems to have a bit of a bright future. Breaking away from this long-term oscillating box, can we also look forward to the 110 and 117 levels? We’ll wait and see.
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SushiSlippage
· 3h ago
Suozi's resilience is truly top-notch; after breaking through, 110 shouldn't face much resistance.
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GateUser-5f4bad9c
· 3h ago
Too many fake breakouts to scam for quick gains; wait for the close confirmation before chasing, better to earn less than get trapped.
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NeonMint
· 3h ago
The daily chart range has been consolidating for three months. This time, it feels different. With volume support, 117 might really have a chance.
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TheSkyInsideTheMirroredSphere
· 3h ago
Breaking through at 100.5 is really a breakthrough. I'll place an order at 90.7 first to test the waters.
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