7.16 SOL morning analysis

Analysis: rebound and look to short around 77.90-79.01, target 76.90-75.5, defend at 79.5

After falling from the high point 79.01, the medium- and long-term moving averages keep trending downward, continuously putting pressure on price, and the overall downtrend is clear. Each rebound’s high point gradually shifts lower, the rebound strength keeps weakening, and buyers lack stamina. The rebound candles’ body continue to narrow, while overhead trapped-selling pressure keeps accumulating. A short-term minor rebound is only a weak repair after a drop. When the rebound touches the moving-average pressure zone, you can follow through to short. The key support below is 76.64; if support breaks, further downside room will open up#长鑫存储链上盘前合约引爆社区 $SOL ‌