$SOL

Good afternoon everyone! Today we will analyze the market trend of SOL. Recently, SOL tried to break through the pressure level of $155 in the early morning, but failed. After that, the price fell back and fell below the small support level of $150. This may make some friends worry whether it will continue to fall. Don't worry, let's analyze it step by step.

Below $150, the $145-140 area is a strong support area. If the price reaches here, there is a high possibility of rebound. At present, SOL seems to be trying to return to $150, but if it cannot break through, it may fluctuate between $145-150. If it can stabilize above $150 again, it is possible to try to break through the pressure level of $155 again.

In terms of trading strategy, you can consider shorting when the price is close to the resistance level, and you can consider going long when the price is close to the support level. If you have not entered the market yet, it is recommended to wait for SOL to stabilize at $150 before considering entering the market. The $145 level is not easy to break because the Vegas channel resonates with the support level here. Now we need to pay attention to whether there is any news that affects the shorts.

Please keep an eye on the market dynamics and stay stable. We will continue to observe the trend of SOL.