SOL Short-term Market Analysis

Entry Point: Retrace to around 73.50 to go long
Target Range:
First target 🦅: 74.10—74.30 (reduce position and take partial profit first)
Second target 🦅: 74.60—74.88 (hold for further gains after breaking short-term resistance)
Stop Loss: 73.20
Market Logic
After probing the low of 73.64, the market completed a full recovery rebound. Selling pressure at the bottom was fully released, buying support below is stable, and bears failed to push for a new low. The price stands above the middle Bollinger Band, maintaining a medium-term oscillating bullish structure.
The previous high of 74.88 above has concentrated selling pressure, which will cap the upward pace but will not directly reverse the bullish trend. Short-term still has room for an upside recovery.
Trading Strategy: Rely on support below to buy on dips, aiming for a continuation of the rebound. Do not chase highs to enter.
Risk Warning
Short-term bullish momentum is waning, with heavy overhead resistance. Do not use heavy positions for long orders, and strictly set stop-loss. If the 73.64 low is effectively broken, this rebound structure will be invalidated, and the long position idea should be abandoned. #sol