SOL Short-term Market Analysis


Entry: Go long around 81.10
Target Range:
First Target🦅: 81.60—81.65 (Reduce position and take half profit first)
Second Target🦅: Around 82.00 (Exit all after breaking the previous high with volume)
Stop Loss: 80.90
Market Logic
This round has shown a staircase bullish recovery from the low of 80.28, with lows continuously rising. The price is stable above the middle band of the Bollinger Bands, with the middle band at 81.11 forming strong support. Every small pullback is met with buying support, and the bears are unable to make new lows for the phase.
The current price is slightly testing the upper Bollinger Band at 81.22. The small-timeframe oscillating upward structure is intact, with bullish momentum releasing steadily. The price action is coherent without frequent wicks or stop runs, making going long with the trend more forgiving. The 81.65 level above is the previous phase high, with short-term selling pressure.
Operation Idea: Wait for the price to pull back to the middle band support at 81.10 to buy the dip and go long with the trend, and firmly do not chase highs to enter.#sol
SOL-0.74%
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