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SOL Intraday Strategy
Today, after a rally, it is just near the middle band of the upward channel, which is also a key resistance level from earlier. Currently, with increased volume and rising prices, the bullish trend remains healthy.
Long positions: If the price oscillates around 88.5 and forms effective support, then look towards 88.9 above. If there is a violent surge and a sustained breakout, then target around 90.
Short positions: Due to the current strong bullish momentum, and if during the night it follows the US stock market higher, I personally recommend going short at higher levels, with phased entries. First, watch whether around 90.2 there is effective resistance; if broken, then focus on the channel's upper boundary near 92. #sol