7.28 SOL order book analysis

Direction: After stalling at a high level, it turns and heads downward. In the short term, price action is dominated by controlling the head. Wait for a rebound to set up a short-position layout.
Control: Around 73.90-74.30. Stop loss above 74.70. Targets: 72.80/72.10.

After SOL surged and hit the 77.48 high point, the upward push kept weakening. The price then oscillated and slid lower; the current quote is 73.31. The market has validly broken below the short-term moving average constraint, and moving-average pressure continues to suppress any rebound. The bulls have repeatedly tried to probe for a recovery but failed to hold key price levels. Selling pressure inside the market keeps releasing, and the downtrend is gradually confirmed. In the short term, the moving averages have shifted from support to a pressure barrier. The key focus below is guarding the 72.80 support level line.

At the market’s high point, concentrated profit-taking is being cashed out. In the short term, the shorts take profit and exit, and overall dip-buying sentiment is insufficient, so the market remains weak. Wait for the price to rebound and test the 73.90-74.30 resistance zone. When a stalling signal appears, set up the short position again. Pay close attention to whether the 72.80 support holds or fails. $SOL #Strategy首次回购STRC