SOL's recent movement is quite interesting. After the price stabilized at 143.30, it directly experienced a rather fierce rally. The moving averages are arranged very nicely, forming a classic bullish pattern.
However, there are some points to watch out for—RSI has entered the overbought zone. This indicates that there may be some short-term pullback pressure, so don't get blinded by the gains.
What is a safer way to operate? My suggestion is to wait and see, and observe the market reaction. If you really want to participate, keep your position size modest—no more than 30% is a safer allocation.
Specific trading points: set the stop-loss at the support level of 143.30; if it breaks below, you should exit decisively. The take-profit target is set at 148.80, which roughly corresponds to a short-term resistance level.
The core idea is to use the overbought signal for "buying the dip." Wait for the price to retrace to the 143.30 support before entering, which can effectively reduce your holding costs and increase the probability of profit. Maintaining this rhythm in a bullish trend will yield twice the result with half the effort.
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SOL's recent movement is quite interesting. After the price stabilized at 143.30, it directly experienced a rather fierce rally. The moving averages are arranged very nicely, forming a classic bullish pattern.
However, there are some points to watch out for—RSI has entered the overbought zone. This indicates that there may be some short-term pullback pressure, so don't get blinded by the gains.
What is a safer way to operate? My suggestion is to wait and see, and observe the market reaction. If you really want to participate, keep your position size modest—no more than 30% is a safer allocation.
Specific trading points: set the stop-loss at the support level of 143.30; if it breaks below, you should exit decisively. The take-profit target is set at 148.80, which roughly corresponds to a short-term resistance level.
The core idea is to use the overbought signal for "buying the dip." Wait for the price to retrace to the 143.30 support before entering, which can effectively reduce your holding costs and increase the probability of profit. Maintaining this rhythm in a bullish trend will yield twice the result with half the effort.