🔥🔥SOL entry strategy analysis
1. Review of last night's market
Support level performance: SOL received effective support at 154.65 last night. Some traders shorted from the 159 level and consulted me for profit-taking suggestions at this point. I suggest that they close their positions in time, because the 153-152 range is a solid barrier to protect the 150 mark, and they can choose not to participate.
Rebound market: The market rebounded afterwards, and SOL hit 159.25, verifying the effectiveness of the long-order profit-taking strategy.
2. Tonight's trading ideas
Continuity strategy: Based on last night's trend, if a similar "needle-piercing" market appears again tonight, it is recommended to consider entering a long position in the afternoon.
BTC linkage analysis:
Strong situation: If BTC falls below 63850 tonight, it may pull back to the 62300-61400 range, corresponding to SOL or fall to the 147-146 area.
Weak situation: If BTC only falls back weakly, it may only touch around 63,300, while SOL fluctuates in the range of 152-151.
3. Specific entry points and strategies
Ant warehouse low-absorption: It is recommended to arrange a light position in the range of 152.85-151.25 of SOL as a tentative entry.
Normal position bottom-fishing: If the market goes down further, it is ambush in the range of 147.65-146.85 of SOL, which is regarded as the possible lowest point of the small band, and is a more ideal bottom-fishing position. In particular, if the 150 support level is effectively pierced, it is almost certain that this area will be touched.
Stop loss setting: In view of the fact that this order is a bottom-fishing strategy and the expected downward space is limited, it is recommended not to set a stop loss, exchange time for space, and wait for the market to rebound.
