8.7 Chen Chen Sol Thoughts Analysis and Strategy $SOL
In the early stage, after the big breakout pushed up to the high of 73.59, the price continued to move in a wave-like downtrend. The moving averages are in a bearish alignment, suppressing the price. Previously, any rebounds were merely corrective declines.
After the price bottomed out at 72.29, it stabilized slightly. The current price is 72.61, and the near-term bullish momentum has modestly picked up.
The key moving-average resistance is above 72.8–73, while 72.29 is the core support. As long as support holds, the price will likely consolidate in a low range. Only if resistance is broken can there be a rebound opportunity. The larger trend remains bearish; when participating in the short term, be sure to manage risk properly. #sol #比特币走势分析
Trading suggestion: trade within a range
Trading range: 74.5–75
Stop-loss / defense: 76
Ziying charting levels
Level 1️⃣ Ziying: 72
Level 2️⃣ Ziying: 71.8
In the early stage, after the big breakout pushed up to the high of 73.59, the price continued to move in a wave-like downtrend. The moving averages are in a bearish alignment, suppressing the price. Previously, any rebounds were merely corrective declines.
After the price bottomed out at 72.29, it stabilized slightly. The current price is 72.61, and the near-term bullish momentum has modestly picked up.
The key moving-average resistance is above 72.8–73, while 72.29 is the core support. As long as support holds, the price will likely consolidate in a low range. Only if resistance is broken can there be a rebound opportunity. The larger trend remains bearish; when participating in the short term, be sure to manage risk properly. #sol #比特币走势分析
Trading suggestion: trade within a range
Trading range: 74.5–75
Stop-loss / defense: 76
Ziying charting levels
Level 1️⃣ Ziying: 72
Level 2️⃣ Ziying: 71.8