7.1

Try a light long position near SOL 73.80-74.00; stop loss at 72.80; targets at 74.80/75.50;
In the 75.50-76.00 range above, wait for a reversal/turnaround opportunity; stop loss at 76.80; targets at 74.00/73.20.

On the chart, price moves from 73.97 to 74.00 almost in a straight line. The 4-hour timeframe is ranging sideways with contracting volume—this is a typical phase of waiting for direction. The AVL average and the current price basically overlap; the short-term moving averages are sticking together; the MACD is dull/flat near the zero axis. All signals point to one word—wait and see.

Intraday, first look for range-bound movement in the 73.50-74.80 area. Only after a volume-backed breakout above 74.80 will there be a chance to target 75.50. The longer the sideways consolidation lasts, the more forceful the breakout or reversal will be—wait for a volume breakout or a breakdown to follow. $SOL #Sharplink增持1万枚ETH