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June 1st $SOL Market: Sora's market trend is quite simple, but the fluctuations are too small, making the cost-effectiveness of watching the market for trading not as good as some US stock tokens.
We have been emphasizing this 83.4-85.6 range since May, and it still remains useful. Yesterday, the price again tested the 1-hour downward trend line plus the lower boundary of the range at 83.4 as resistance during a pullback.
Today, we will watch when the 1-hour closing price returns to the 83.4-83.5 area, which would mean re-entering the range. Once inside, look for a pullback at the upper boundary of 85.6-85.8.
It's very simple to break out of this upper range; check if there's a rebound at 79.1, which is a key point on the daily chart. So, the left-side orders are at 79.1 and 85.6-85.8. The right side follows this logic.
I've explained the levels and logic clearly to you. Friends, leave a free like and follow before moving on! #SOL $SOL