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5.12 Evening SOL Analysis
Reverse head and shoulders confirmed, after breaking the $95 neckline, it retested to gather strength, and the upward potential is open; MACD shows a golden cross, red histogram expanding; RSI at 65, no serious overbought, bullish momentum is sufficient.
Trading suggestions:
Around 90-92.5, wait; target 95, 98
Volume contraction and accumulation is a standard head-and-shoulders bottom move; volume expansion is a failure signal.
Review the prior lows at 86-88.
Mihua Jun passes by.