Currently, SOL has certain support around 235 between the 3-5 minute Bollinger Bands, but the entry cost is a bit high. It just rebounded sharply by 24.5 points, and the bulls are strong, so it won't just pull back 3-4 points. The average price of the long positions that were stuck a couple of days ago is around 236. The three levels of 234.25, 232.85, and 231.25 can still be placed normally, with an average price around 232. Let's let the bullet fly for a while.

The pattern of SOL's pullbacks in each small wave: 5, 7, 9, 11 points, moving in odd numbers. In a trend dominated by bulls, most of the time it generally pulls back 7-9 points, and in a very strong market, it only pulls back 3-5 points. For example, today’s highest point is 239.50, pulling back 9 points to 230.50, close to the 15-minute Bollinger Band at around 230.85.

The liquidation of short positions in the 12H chart is strongest at 243.6. Liquidation of long positions is stronger between 233.2-230, while below 230, the liquidation of long positions weakens. The lowest pullback today is about here, note that it is intraday.