The SOL daily line has three obvious upward segments. In terms of the cycle transformation of price and structure, the adjustment period of the third upward segment and the fourth high point should pay attention to systematic risks. Therefore, our main focus moving forward should be on defensive operations.
From the perspective of various levels and cycles, the current market is undoubtedly on the bullish side, and the price has indeed risen to high levels. In summary, chasing highs in this area and above is not recommended, but considering that the lower short, medium, and long-term structures are all bullish, it supports buying on small dips and larger purchases on significant dips.
Short-term support is at 247.9~244.1 (which does not change the trend, but one should monitor quickly for fast in-and-out trades, while also guarding existing positions), the second support is at 233.2~222.8 (which will change the original running trend, likely shifting from an upward trend to a wide range of oscillation),
