#BinanceABCs SOL this wave of the market is quite interesting——the lower resistance is at 123, with upward pressure at 135. The key point is that this coin has tested the 123 line twice without breaking below, indicating there are quite a few buyers stepping in below.
From a technical perspective, when the rebound reaches the 130 to 134 range, I will consider opening a short position. The downward target can be set at 124 to 127, leaving some room for movement.
Friends who don't want to chase the high can operate within this support and resistance zone, buying low and selling high to earn some spread. Remember to set your stop-loss orders properly to prevent being stopped out by a pullback—stop-loss is very important in this kind of market.
Also keep an eye on the trends of $BNB and $ZEC, as the entire sector is oscillating back and forth.
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.
#BinanceABCs SOL this wave of the market is quite interesting——the lower resistance is at 123, with upward pressure at 135. The key point is that this coin has tested the 123 line twice without breaking below, indicating there are quite a few buyers stepping in below.
From a technical perspective, when the rebound reaches the 130 to 134 range, I will consider opening a short position. The downward target can be set at 124 to 127, leaving some room for movement.
Friends who don't want to chase the high can operate within this support and resistance zone, buying low and selling high to earn some spread. Remember to set your stop-loss orders properly to prevent being stopped out by a pullback—stop-loss is very important in this kind of market.
Also keep an eye on the trends of $BNB and $ZEC, as the entire sector is oscillating back and forth.