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Brother Tong 5.13 SOL Strategy
The daily upward trend is intact, and the peak at 98.36 is a normal profit-taking shakeout. The overall trend remains firmly bullish, mainly buying on dips. When encountering resistance during rebounds, then consider short-term short positions for trading.
Pullbacks to the 93.5-94.5 range can be entered in batches, and add positions near 93.
Stop-loss should be placed below 92.5.
The first target is the previous high at 98; after stabilizing, aim for a breakthrough of the 100 integer level.
For resistance: during rebounds to the 97.5-98 range, consider light short positions.
Stop-loss above 98.8.
Initially target 95; upon reaching, reduce positions, and the remaining positions look at the 93.5 support. $SOL