3-18 SOL Short-Term Trading Strategy



SOL surged rapidly to around 97.7 in the short term but encountered significant resistance and selling pressure. Bull momentum is gradually weakening, and the strong breakout momentum could not be sustained. The current price is running at a cyclical high with insufficient volume confirmation. The risk of chasing long positions has significantly increased, so it's not advisable to blindly follow in.

The overall market has entered a high-level consolidation stage, which is more suitable for a strategy focused primarily on shorting and secondarily on going long at lower levels. Prioritize waiting for price pullback and resistance confirmation before opening positions. Pay close attention to the support strength in the lower price zone below, and only consider taking long positions after stabilization.

Trading Recommendations

Short near 96-97 on rebounds, target 92-88 area
SOL-4,51%
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