SOL market analysis: the critical moment of breakthrough and support
Good afternoon, brothers! Today we are going to talk about the market of SOL. Recently, SOL tried to break through the pressure level of 155 in the early morning, but failed, and then fell back and fell below the small support of 150. Many friends may ask, will it continue to fall after falling below 150? Don't worry, let's analyze it step by step.
Below 150, 145-140 is a strong support area. Once it is touched, there is a high possibility of rebound. Now SOL seems to want to return to 150, but if it cannot break through, it may consolidate between 145-150. If it can regain its footing at 150, it will have the opportunity to challenge the pressure level of 155 again.
In terms of trading strategy, open short when close to resistance and long when close to support. If you haven't entered the market yet, it is recommended to wait until SOL stabilizes at 150 before considering it. The position of 145 is not easy to fall below, because the Vegas channel and the support level temporarily resonate here. Now it depends on whether there is any news to affect the shorts! Stay tuned and hold on, brothers!
