7.15$SOL Plan

Enter KONG between 78.5-78.0, stop-loss at 79.5, first target 76.5, second target 75.5

Market sentiment clearly cooled off after the overnight spike, with price stuck around 78—not going up or down.

This spot is very delicate: it’s a dense prior positioning area and a near-term turning point between bulls and bears.

In the 78.5-78.0 range, with yesterday’s upper wick looming overhead, the resistance is real. If the rebound reaches here, we need to see whether there’s fresh buying willing to take over at a high level; for now, momentum has clearly waned.

The risk-reward here is very favorable, using 79.5 as the defense level—the payoff/risk ratio is fully worth it.

If it can’t break higher, then it becomes a top; once it drops, the room naturally opens up.

One more thing: don’t talk “big picture” at resistance levels, and don’t treat a rebound as a reversal.