Thursday, 5.21 SOL Thoughts

Today, SOL's trend is mainly a rebound with oscillation leaning towards the bullish side; the overall market follows the broader index in a linked movement, with no independent strong trend at the moment. Currently, the price is steadily rising, and the bearish forces are gradually weakening; the daily chart is gradually stabilizing and warming up, maintaining a short-term range-bound consolidation pattern. The key support below remains solid, while the short-term resistance above is clearly evident; the rebound volume is still insufficient, and overall it is a technical rebound after an oversold condition.
The current market trend is complex, with fierce battles between bulls and bears; the market is unpredictable. Trading should remain cautious, strictly control positions, avoid blindly chasing gains or cutting losses, rely on key levels for steady deployment, and patiently wait for the market to show a clear direction.
Trading suggestion: Look for a rebound above 87.5
Target: 83.5