7.24 SOL order book overview

Direction: Continued pullback; short-term bears are dominant, with rebounds mainly treated as selling opportunities

Paddle: Around 75.30-75.50; stop-loss at 74.80; targets 76.50 / 77.00;
Cap: Around 76.10-76.30; stop-loss at 76.65; targets 75.00 / 74.50.

After SOL surged to 78.50 yesterday, it continued to fall. Current price is around 75.82. It has already broken below MA(30) at 76.80. On the 1-hour timeframe, it has been closing in red continuously, and the short-term bearish structure is intact. Below, watch the 75.30-75.50 support zone.

Above, 76.10-76.30 is a short-term resistance zone. If the rebound reaches this area and fails to break through with increased volume, you may consider switching to a sell/hold position, with stop-loss at 76.65 and targets down at 75.00-74.50. If the 75.30-75.50 support zone cannot hold firm, downside room will open further.

Key range: 75.30-76.30$SOL #美国对60个经济体加征关税