7.15 Morning SOL Analysis

Analysis: Consider doing a range trade around 77.60-78.00; monitor 76.20-75.30, and hold as defense at 78.35.

After a spike, 78 was identified as the top, and the rally stalled. A large amount of follow-on long positions have stacked at high levels, leaving trapped-holder sell pressure. Each rebound will trigger sell pressure from positions being unwound, and upward strength is seriously insufficient. After the spike, the candles continue to close bearish and pull back; both moving averages turn downward and press lower. If the rebound approaches the 77.60-78 range, it will again face sell pressure. During the spike, volume increased; afterward, rebounds continue on shrinking volume, with no incremental long-side capital stepping in to absorb. The rebound’s continuation is extremely poor. #PreIPOs第二期OpenAI认购 $SOL ‌