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SOL Bollinger Bands open upward overall. The middle band is steadily rising and supports the price. The bullish trend is clear. Only a minor consolidation and rest at high levels in the short term, with no obvious turn-down signal.
Short-term outlook:
If the price pulls back and stabilizes around 76.3 on the Bollinger middle band, you can set up long positions. The first target above is the previous high at 78. After a breakout, look toward the area near 78.4 on the Bollinger upper band.
If the rebound rallies up to around 78.4 on the Bollinger upper band and shows upward exhaustion, and the K-line closes with a lagging rise pattern, then try a short position with a light position size. The downside targets to watch are 77.7 and 76.3 support levels. #SOL