7.17 SOL morning trading plan



SOL surged higher yesterday but met resistance and pulled back; at this stage the price is trading around 77. From the hourly chart, after high-level consolidation the price broke below the short-term moving averages, and a short-term pullback and adjustment has begun.

This rebound started around 73, and the highest reached the 79.4 range. The bulls completed a round of upward push; however, resistance above 79 was clear—repeated attempts to break higher failed, and in the short term, concentrated profit-taking led to positions being closed and leaving the market.

Trade plan:
1、Shorts: Place a light short position around 75.2–76, with downside targets at 74.2 and 73. If you missed yesterday’s high-level short, wait for a small bounce before entering.
2、Longs: Buy on a pullback around 73.5–74. Set a stop loss at 73.2, with upside targets at 76.6 and 77.7.
SOL-3.06%
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