SOL market analysis and trading strategy


Market Status:
The recent trend of SOL has become stuck, with two consecutive days forming a doji, indicating that both bulls and bears are still in a tug-of-war. In the short term, it is completely following Bitcoin's fluctuations, maintaining an overall consolidation pattern, with strong market sentiment of wait-and-see. A breakout will only be chosen after Bitcoin clarifies its direction.
Key level prompt:
Resistance zone above (potential short opportunity):
116-126 is the first resistance zone.
145 is a strong resistance level.
168 is a long-term resistance level
Lower support zone (focus on stabilization opportunities):
98 is an important support level recently.
82 is the mid-term defense position
68 is a long-term key support
Trading strategy:
Short-term trading strategy: Consider shorting at the resistance zone of 116-126, if there is a strong breakthrough, then look at the vicinity of 140.
Medium-term layout: it is recommended to wait for the trend to become clear before entering the spot market.
Key focus: the monthly MA30 support near 95, although currently strong, but attention should be paid to the potential fluctuations that may occur in the next 20 days.
SOL-0,16%
BTC0,02%
MA-0,72%
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