7.23 Wang Ye’s SOL Setup

Entry range: 78.2 - 78.8
Defensive stop (loss line): Above 79.2
Take-profit targets:
First target: 77.0
Second target: 75.5

Core logic: After yesterday’s spike to a local top of 78.87, price faced resistance and pulled back, printing consecutive bearish candles that broke through short-term moving average support. The rebound attempt by the bulls is weak, and the “stalling at high levels” signal is clear. On the 4-hour timeframe, the moving averages have turned downward, exerting pressure; there are also clear signs of funds exiting from elevated levels. The pullback structure is gradually being confirmed. Current price is around 77.5, and rebound momentum keeps fading—do not blindly bottom-fish and go long. In line with the trend, shorting the rebound offers the best value. Long positions require patience—wait for a stabilization signal around 75.5 before considering it #sol