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7.20 SOL Order Book Review
SOL dipped intraday and rebounded; in the short term, bulls are currently in control, but overhead pressure is gradually getting closer.
The price rebounded from the low of 75.34 to 77.39. The AVL moving average at 76.29 has already moved above, and on the 4-hour timeframe there have been consecutive bullish closes. The short-term trend is bullish. 77.80-78.20 above is the recent resistance zone; if the rebound reaches this area but cannot break through with increased volume, you may consider taking an opposing entry and holding.
Support below is concentrated in the 76.00-76.50 area. If the price pulls back to this range and stabilizes, you can lightly attempt a rebound to bet on short-term recovery.
Trading ranges:
· Bulls: 76.00-76.50 light attempt bulls; stop-loss 75.50; targets 77.50/78.00
· Bearish/Bear control: 77.80-78.20 wait for an opposing entry; stop-loss 78.60; targets 77.00/76.50
Key range: 76.00-78.20
Direction: short-term bullish rebound; be cautious as resistance is near $SOL #PreIPOs第二期OpenAI认购