SOL Short-term Market Analysis

Entry: Go long on a pullback near 77.00
Target Range:
First Target 🦅: 78.20—78.60 (Take half profit early)
Second Target 🦅: 78.90—79.20 (Exit fully after breaking the previous high)
Stop Loss: 76.30
Market Logic
This round has formed a standard step-up bullish trend from the low of 71.85, with lows continuously rising and highs constantly refreshing, maintaining a complete upward channel structure. After hitting the previous high of 78.96, only a minor pullback occurred for repair, with price trading steadily in the middle and upper Bollinger Bands. The middle Bollinger Band provides strong support, and each pullback to the middle band sees stable buying pressure, with bears unable to hit new cycle lows.
Currently, the price has pulled back slightly to 77.97, still with room to the key support of 77.00. The risk-reward ratio for a pullback to support 🦅 is outstanding. The bullish momentum on the smaller timeframe has not weakened, and the overall trend is smooth without frequent false wicks or stop-loss hunts. Following the trend with a long position offers high error tolerance.
Trading Plan: Wait for the price to pull back to support at 77.00, enter a long position on dips, and firmly avoid chasing entry at highs. #sol