7.27 SOL short-term trading outlook

Earlier, SOL traded with a range and then climbed from the 74.73 low. After breaking up to the 77.08 high, it moved into high-range consolidation and digestion. Price has consistently held above moving-average support; overall, the uptrend structure remains intact. At this stage, it’s simply building strength and adjusting during the upswing. The chart follows “big pie” in step—combined with the added disturbance from expectations of the Fed’s rate decision—the market’s ups and downs are larger. Do not blindly chase rallies or sell in panic; wait for the critical point in the range before taking action.

Trading strategy:
If the pullback to 75.50-76.30 finds stabilization, you can set up long positions. The first target is 77.08; if price holds above the high, then go along with the momentum to look for the next round of upside breakout.
If the rebound stalls in the 76.70-77.10 resistance zone, you can try a short position with a small position size. Place the stop-loss above 77.55. The downside targets are 75.90-75.50.