7.28 Sol trading ideas



Entry: Go short on a light position from 74.0–74.5.
Stop-loss: 75.5 and above.

Take-profit targets:
First take-profit: 72.0
Second take-profit: 71.0

Core logic: SOL saw a fast drop during the day from the 77.5 high point, with an effective break below the key support at 75.0. The earlier short-term rebound structure has been invalidated. During the decline, trading volume expanded in sync; profit-taking positions were concentrated and exited. On the 4-hour timeframe, the MACD turns downward and forms a death cross, momentum shifts bearish, and the short-term downtrend is clear. The current rebound is on low volume, with highs stepping lower; there is still room for further pullback below—follow the trend #sol
SOL-4.48%
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
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
PositionScale
· 6h ago
Follow Teacher Wang Ye’s line of thought, take a light position to try a short, and see if 72 can hold up.
View OriginalReply0
VultureFund
· 6h ago
The logic is clear: a breakdown, a sell-off with increased volume, and a bearish MACD cross (MACD dead cross). The short-term downtrend is unambiguous—any rebound is a chance to get in on the short. But don’t keep chasing without a stop; set the stop-loss at 75.5 and stay alert—don’t get swept by a needle-like spike.
View OriginalReply0
HalvingChaser
· 7h ago
This move is smashing straight down from 77.5. Volume is expanding and the breakdown is clearly breaking the key level, with the death cross confirming it all. The rebound has no volume at all—so it really makes sense to short it in this momentum. The first target at 72 should be able to reach.
View OriginalReply0
  • Pinned