7.8 SOL Ideas

Entry: Short in batches on bounce to 78.90-79.80
Stop Loss: Above 80.50
First Target: 77.10
Second Target: 76.20-75.60

SOL has been falling unilaterally all day, with the hourly chart maintaining a bearish formation. However, the short-term decline is significant and indicators are oversold. It's likely to see a small rebound to gather momentum before deciding whether to test new lows. Chasing shorts at the bottom directly is prone to being stopped out by the rebound. The best approach is to wait for a bounce to resistance levels before going short.
If you want to go long at the bottom, only try with a very small position below 77.00, stop loss at 76.50, only for a short-term rebound. Do not use heavy positions or hold for a long time.$SOL #美终止对伊朗石油制裁豁免