SOL experienced a rapid short-term rally to around 97.7 but encountered significant resistance pressure. Bullish momentum has gradually weakened, failing to sustain the strong breakout momentum. Currently, price is trading at a phase-high level with insufficient volume support. The risks of chasing long positions have risen significantly, making it inadvisable to blindly follow the trend.
The overall market structure has entered a high-level consolidation and adjustment phase, which is better suited for a strategy focusing primarily on shorting, supplemented by selective long positions. Prioritize waiting for price pullbacks and resistance breakdowns before establishing positions. Pay close attention to the support zone's holding capacity below. Consider entering long positions only after the price stabilizes.
Operation Recommendations
Short near 96-97 on rallies, with targets around 92-88
3-18 SOL Short-term Trading Strategy
SOL experienced a rapid short-term rally to around 97.7 but encountered significant resistance pressure. Bullish momentum has gradually weakened, failing to sustain the strong breakout momentum. Currently, price is trading at a phase-high level with insufficient volume support. The risks of chasing long positions have risen significantly, making it inadvisable to blindly follow the trend.
The overall market structure has entered a high-level consolidation and adjustment phase, which is better suited for a strategy focusing primarily on shorting, supplemented by selective long positions. Prioritize waiting for price pullbacks and resistance breakdowns before establishing positions. Pay close attention to the support zone's holding capacity below. Consider entering long positions only after the price stabilizes.
Operation Recommendations
Short near 96-97 on rallies, with targets around 92-88