Brother Star on Crypto 0707 SOL Today's Strategy

Entry Point: 82.3 - 82.8
Add Short Position: 83.3 - 83.8
Stop Loss: 84.5
Take Profit Targets:
First Target: 80.0 - 80.5
Second Target: 78.0 - 78.5
Extreme Breakout Target: 76.0 - 76.5
End of Bounce Trap, No Fundamental Support:
SOL's oversold bounce from the low of 63.98, after reaching a high of 83.74, faced resistance and quickly fell back. This round of rise was entirely driven by hot money rotation within the market and concentrated short covering. Long-term spot funds were absent, and the larger downtrend has not reversed.
Long momentum clearly weakening:
The rally-and-fall pattern indicates extremely heavy sell pressure above, and long momentum has been exhausted. We are currently in the trap-buying phase at the end of the bounce. High-beta assets fall much faster than they rise; chasing highs to go long is just giving money to the big players.
Bitcoin bottom signal flashing, major shorts adding positions:
The Bitcoin bottom signal has been confirmed, but SOL, as a high-beta asset, is more vulnerable to being smashed at the end of the bounce. Major shorts are actively adding positions. We should go with the trend and follow the big players to feast.
82.3-82.8 is the bounce trap zone:
Technically, after SOL surged to 83.74 and quickly fell, it shows that the 82-83 range is the heavy distribution area for the big players. Entering a short at this level is precisely sniping the big players' trap.
Add position level 83.3-83.8 is strong resistance:
If the market continues to rise, 83.3-83.8 is a strong resistance level with previous dense congestion and the upper Bollinger Band. Adding shorts here can further raise the average price and expand profit potential.
Stop loss at 84.5 is an iron rule:
If even 84.5 is broken, it means the trap has become a true breakout. Then we must admit our mistake and get out. Using a reasonable stop loss to aim for profits below 80.0 or even 76.0 offers a very high risk-reward ratio.#GT二季度销毁257万枚 $SOL