SOL has been consolidating at the top for many days. Will it rebound upwards? Or will it continue to consolidate?
In the short term, SOL's support is around 125, but there is a big support below. The current market is also in a downward trend. It has not yet accelerated. Pay attention to the trend line
Strong support is around 110, with multiple resonance positions, EMA288, 0.886, you can pay attention to it
In fact, sol can clearly see that it has walked out of the M bottom support pattern at the top. There is a wedge at the daily level, which is bullish, very similar to bnb at that time
Although it is not as bullish as bnb, this pattern is worth paying attention to. As long as the daily line does not break the trend line, it is still valid, and the pin is not considered broken
In summary, the 110 area is a very strong support and it is also very important. If the subsequent trend has not been recovered after the actual break, the possibility of a sharp drop will be very high. Of course, it is also a good standard to use it as a stop loss here. Moving down 2%-5% is a very good choice
