The recent surge in SOL was expected, but it came faster than anticipated, which may be a characteristic unique to a strong market! Looking at the range from 4H to daily charts, the upward momentum after the current surge is still ongoing, supporting aggressive trading operations in certain areas.
From the 1H trend, we can layer the market, with the bull-bear dividing line at 210.1. We will still use the old method to formulate different strategies for the market above and below this line:
Above 210.1: This is the range for short-term aggressive trades, with support at 226.4~220.3 and stop loss at 214.8~210.1 (1H entity), monitor for profit-taking, and take profits when it looks good.
Below 210.1: This is the rebound zone formed by mid-term support, which can be executed in batches, with reference points as follows:
Short-term support at 205.6~200.3, second support at 195.8~191.9, monitor for stop loss: exit near the cost area after a drop and rebound.
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