Sol Evening Market Analysis
Brothers, let's talk about Sol's market today! Judging from the 15-minute candlestick chart, the main reasons for the current decline of Sol are as follows:
1. Resistance level: Strong resistance was encountered when trying to break through 160 many times.
2. Volume changes: The long volume gradually weakened, while the short volume increased.
3. Technical indicators: MACD formed a dead cross.
But don't panic! The general trend is still bullish, and this small correction is actually an opportunity for us to increase our positions. If you panic when you see a decline, it is because you have not found the key support and resistance positions.
Next, the key point is: go long against support and go short near resistance. However, it is not recommended to go short with the current trend. Instead, you can wait for the correction to increase your position or go long. Counter-trend operations may make you miss the subsequent rising market, which is not worth the loss!
Now Sol's lower minor support is at 154-156, and the strong support is at 150. Short-term friends can open a position near 154, and stop loss and exit if it falls below 154; long-term friends can set the stop loss below 150 and open positions in batches during the period.
The profit target is set near 161. Seize the opportunity, brothers, come on! 🚀
