SOL Hao-ge’s Trading Strategy for Today
Hao-ge: Judging from the overall market, SOL faces a fairly significant short-term downside risk. Most likely, it will keep trading in a 71–78 range with heightened long/short competition, with short-term bearish signals dominating.
Volatility is extremely compressed: trading volume is sluggish, moving averages are forming resistance overhead, and the market’s long positions are crowded. Indicators are also showing pullback signals, and the breakout/turning window is getting close. However, there are also plenty of bullish supports. As long as price holds above the 20-day moving average, 73–75 is an important support/consolidation area. Multiple institutions continue to add positions, and there’s also positive news for the ecosystem that has already landed—so for the long term, there is room for imagination.
Although the long-term fundamentals are solid, short-term issues like reduced volume and moving-average suppression are currently more dominant, and the possibility of a bearish turn downward should not be ignored.
Today’s trading approach is to go long. You can set up long positions in the 75.20–74.20 range. The first target is 76.20; if there’s further breakout, look toward 77.80. Pay close attention to how strongly support below holds, and adjust your response to changes in market conditions based on the broader market environment.#solana $SOL
Hao-ge: Judging from the overall market, SOL faces a fairly significant short-term downside risk. Most likely, it will keep trading in a 71–78 range with heightened long/short competition, with short-term bearish signals dominating.
Volatility is extremely compressed: trading volume is sluggish, moving averages are forming resistance overhead, and the market’s long positions are crowded. Indicators are also showing pullback signals, and the breakout/turning window is getting close. However, there are also plenty of bullish supports. As long as price holds above the 20-day moving average, 73–75 is an important support/consolidation area. Multiple institutions continue to add positions, and there’s also positive news for the ecosystem that has already landed—so for the long term, there is room for imagination.
Although the long-term fundamentals are solid, short-term issues like reduced volume and moving-average suppression are currently more dominant, and the possibility of a bearish turn downward should not be ignored.
Today’s trading approach is to go long. You can set up long positions in the 75.20–74.20 range. The first target is 76.20; if there’s further breakout, look toward 77.80. Pay close attention to how strongly support below holds, and adjust your response to changes in market conditions based on the broader market environment.#solana $SOL