7.23 SOL: High-level pressure leads to a pullback confirmation, prioritize setting up for a rebound



$SOL
Entry: Place around 78.5-79, look for 77-75. If you want to do “uo” (counter-move), you can look for stabilization around 75.5.

The price surged to the 78.87 phase top point, then faced pressure and pulled back. It formed consecutive bearish candles, breaking through short-term moving average support. The momentum for a bullish rebound has been weak. Clear signals of lagging/range-bound gain at high levels have appeared, and the short-term pullback structure has gradually taken shape. Today’s core approach is mainly to look for a rebound and set up “uo.” On the 4-hour timeframe, short-term moving averages have turned downward and are now exerting pressure. After the price spikes higher, bullish momentum continues to fade, and there are clear signs of funds exiting at higher levels. The overall pullback structure is gradually confirmed. Do not blindly bottom-pick and go long now; rebounding in the direction of the trend offers the best risk-reward #特朗普警告9月政府停摆
SOL-2.48%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned