July 21, all day


SOL
Current situation: On the 1-hour chart, the market action is relatively confusing, and it is showing a wide-range consolidation and holding pattern. After SOL tested the low at 73.320, it launched a wave of corrective momentum. It has now rebounded to around 77.680 and is currently at a key battleground where the bulls and bears are fighting for control.
Trend structure: Since reversing from the low at 73.320, SOL has formed a wave of an “N-shaped” upswing structure. However, it is currently being capped by the prior dense trading zone of 78.00–79.00. $SOL
Suggestion
SoL: go long around 74–75.5
Targets: around 81–85
SOL-0.20%
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GateUser-bb4ee798
· 07-21 05:26
位置不错,跟一波。
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OnChainHermit
· 07-21 04:27
This analysis works. Around 74, going long does have room for maneuver, but make sure your stop-loss is set properly.
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LeverageSedative
· 07-21 04:25
From a structural standpoint, the N-shaped pattern is indeed interesting, but the pressure at 78 is not small. If it can’t break through, it may need to pull back; it’s recommended to enter in batches for a more stable approach.
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