SOL Short-term Morning Analysis (Shorting Strategy)

Entry: Rebound around 73.4 to go short
Target range: Target (1) 72.40—71.80 (first reduce position and take profit)
Target (2) 71.30—69.64 (after breaking key support, remaining position for speculation)
Stop loss defense level: 73.90
Two, market logic interpretation
Trend structure: After the price surged to the previous high area of 72.38, the bullish momentum gradually weakened, and the short-term upward momentum slowed down; the upward movement encountered resistance from the upper Bollinger Band, selling pressure gradually emerged above, and the bullish momentum for a continued surge was insufficient.
Support and resistance: Below, support at 71.80 has some buying support, but it can only slow down the decline; if the bulls weaken, the bears are expected to regain control of the market; indicators show expectation of a top divergence repair, and there is a short-term need for a pullback.
Operation strategy: Intraday, go short on rebounds near the resistance level above, betting on a pullback correction after the surge.
Three, market risk warning
This rebound is relatively strong, and the large-cycle bearish trend has temporarily become invalid. Short positions must strictly carry stop-loss to prevent the market from continuing to violently break through resistance, causing trapped positions and losses.#sol