SOL Short-term Market Analysis

1. Long Position Strategy
Entry Point: Retrace to around 73.80 to go long
Target Range:
First TP🦅: 75.00—75.60 (Take partial profit early)
Second TP🦅: 76.20—76.49 (Hold after breaking previous high to gamble)
Stop Loss: 73.20
Market Logic
After the market dipped to a low near 72, it formed a continuous oscillating upward trend. The selling pressure from the early decline has been fully released. The price relied on the lower Bollinger Band and gradually broke above the middle band. Buying support below is stable, and shorts are unable to refresh the new low at the 72 level.
The current price has firmly held the middle and upper Bollinger Bands. Short-term bullish momentum continues to release. The 76.49 level above is a previous historical high with concentrated selling pressure, but the short-term upward rhythm has not been broken, and the oscillating upward structure is clear.
Trading Strategy: Rely on the support of the middle Bollinger Band to buy low on retracements, follow the bullish rebound trend, and do not chase highs to enter.#sol