7.18 SOL Intraday Playbook



SOL is highly volatile. After hitting a low of 73.32, it repaired and rebounded. There is pressure at 74.84, and the short-term market is likely to range in a tug-of-war.

Buy orders at lower levels are sufficient. If the market steadies, SOL may be able to catch up for a follow-through gain—if 74.84 holds, the bulls will have the advantage.

Go long with light positions at 74.3–74.8, set a stop loss at 73.2, and target 75.8–76.5.
SOL-3.09%
BTC-1.04%
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GridSpider
· 07-18 05:48
I think the 73.3 support level is still quite solid. However, once the 74.8 resistance level breaks upward with increased volume, there will be room ahead—taking a long position with a small position size is relatively safer.
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SadFrog
· 07-18 03:26
Bro, your analysis is spot on. SOL has been swinging a lot recently, and the buy-side demand at lower levels really is strong. Now we just have to see whether BTC can step up a bit and drive the follow-through catch-up rally—76.5!
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OnChainMafia
· 07-18 03:03
74.8 at this level is indeed critical. If it can’t break through in the short term, it may still pull back and retest. It’s fine to try a small long position, but make sure your stop-loss is properly set.
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