May 22 Morning SOL Market Analysis

For long-term positioning, focus on low opportunities around 83; currently, it is in a deep correction phase after a strong rebound, with limited downside space.

On the 4-hour chart, a deep correction has occurred from the high of 98, with the highs and lows gradually shifting downward, which is a deep shakeout within an upward trend, not a trend reversal. After touching the low of 83, the price gradually enters a weak support zone, and short-term capital outflows are mainly driven by the main force inducing a trap to shake out sellers; selling pressure has mostly been released, and support below is gradually strengthening, with the bullish momentum on the chart continuing to recover.

In terms of operation, do not blindly chase short positions or panic sell; patiently wait for stabilization signals to gradually build long positions. If a short-term rebound reaches the 85.5–86 range and faces brief resistance, it is a normal pullback to gather strength; a stable pullback is a good opportunity to buy low. In the short term, watch for a breakout above 88.93–95 resistance; after stabilization, the upward space will gradually open up.

From a long-term perspective, this round of correction has fully digested the previous gains; 83 is an excellent low position for long-term deployment, and it can be accumulated gradually in batches. The overall strategy is to focus on buying at low levels, adhere to trend logic, and wait patiently for the shakeout to end and a new rally to begin.

Trading Suggestions
Buy directly in the 83–85 range, with targets around 93–95.