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7.15 SOL: Buy in Stages!
The SOL chart has formed a bullish reversal structure. The short-term moving average has turned upward and continues to support the price, while the medium-term moving average has stopped falling and is flattening, indicating very strong underlying support.
At this time, the price is sitting just above the short-term moving average. The previous resistance level has now turned into support, with buy support on every dip, effectively capping downside potential and boosting upward momentum.
At this stage, the price is consolidating at a low level, strengthening the bullish structure. Chasing higher prices blindly is not recommended. The safest approach is to patiently buy on pullbacks to the support level.
Trading Strategy: Buy in stages in the 75-76 range. The first target is the 80 level; if that level breaks through and holds, then look for a new highest level.
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$SOL $B3 $LAB