SOL Order Placement Strategy Sharing (1.5)

1. Good afternoon, everyone! I am Chen Changsheng. I noticed that the Bollinger Bands on the 4-hour chart for SOL are showing a contraction pattern, and the price is about to touch the middle band. Before the understanding king goes up, I still favor a high short. The candlestick of the 0 o'clock closing shows a small candle pattern. In my trading system, this is the high point of the first distribution phase. The two candlesticks from 8 to 12 o'clock are a second confirmation of the distribution. The daily chart should pull back to the bottom of the JOC to confirm that the uptrend continues after breaking the downward channel. Everyone needs to understand the difference between trends and very short-term trading. I am talking about very short-term trading. Many people say I go short sometimes and long at other times. Trend trades can be held for ten days, half a month, or even longer, while short trades can almost be closed within a day, or even faster. So this is the difference between short-term and trend. Don't get confused. The KDJ indicator is facing resistance around 220 after the third wave. The existence of a double top cannot be ruled out. This order is still about taking a pullback, so the profit won't be big!

2. In terms of entry points, enter short around 217-220. Recommend low leverage and light positions. Target profit is 8-15 points, which is around 205. You can take partial profits. Alright, everyone, place your orders! wink! 😎 $SOL