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5.12 Today's SOL Market Analysis: Surge and Pullback, Focus on Watching for Reversal
Review of yesterday morning's XinXin SOL buy-sell strategy; evening rally as expected, brothers who followed gained 2% profit.
SOL surged to 98.36 then quickly pulled back, net capital outflow, strong resistance at 97.5-98 difficult to break, buy-sell momentum exhausted. KDJ at high level turning downward, downward continuation pattern confirmed, short-term mainly a pullback.
Trading suggestions:
Arrange positions around 97-97.5 for SOL, initially target 95, if broken then look at 94.5-94, stop loss at 98.5.