Tong Ge’s SOL outlook for 7.20

$SOL Enter in the range of 77.0–78.0, stop-loss at 79.0. First target: 75.0, second target: 73.0.

Haven’t checked in for a few days, and the price bounced back from the low point again. The strength of this rebound is indeed stronger than in the past few days—there have been consecutive bullish closes on the daily chart, suggesting that capital has started to pick up below.

But a stronger rebound doesn’t mean the overhead pressure is gone. The 77–78 area is right near the previously dense trading zone, which is also the key area the short-term move needs to break through.

If it breaks out and holds with increased volume, upside room will open up further; if it can’t gain traction after pushing higher, profit-taking is still likely to be realized here.