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7.29 SOL order book analysis
Direction: The high point meets resistance with choppy consolidation and a pullback. The short-term trend is weak. Use rallies to place positions while controlling risk.
Control: Around 73.60-73.85. Stop-loss above 74.10. Targets: 72.90 / 72.40.
After SOL pushed up and hit the 74.55 high, the breakout momentum gradually ran out. The price then moved into a downward oscillation. Current price is 73.26. Repeated tests of the upper high fail to break through. In the near term, the moving averages have turned downward, forming resistance. Attempts to push higher repeatedly fail to hold ground. Selling pressure continues to release, and the market has shifted from high-level consolidation into a pullback phase. First support to watch is around the 72.90 level. $SOL #Bitmine持有578万枚ETH