7.21 Market View Analysis

This low-level rebound has a pretty good upside push—the price has returned to the prior high-activity trading zone around 77–78. Here there are both trapped positions and short-term profit-taking sell orders, so the divergence between bulls and bears will be directly reflected. Whether it can keep pushing higher depends entirely on whether new funds enter to take over.

A breakout on increased volume can open up space above. If it can’t attract enough funds to hold during the spike, it will likely trade in a high-level range with a shakeout. Although the rebound trend is relatively strong, once the entry price level is reached, you must strictly maintain trading discipline in execution. The rest is for the market to work out.

SOL Silk Road reference layout
Entry range: around 78—79, so on
Stop loss: above 80
Target: 75#SOL