8.20 Sora $SOL chart analysis
Entry: go long in the 83.40–83.80 range
Defense: 82.70
First target: 85.30
Second target: 86.60
Sora’s recent rise has been impressive. After pushing up to 87.31, heavy selling pressure appears quickly above; a large amount of short-term profit-taking chips out, and the price enters a high-range box consolidation. Against the backdrop of the broader market strengthening in tandem, the medium-term uptrend remains intact, but after the short-term being overbought, it needs time to digest—so the market will not keep moving only upward in a straight line.
The chart’s KDJ indicator is gradually repairing downward. There is a need to pull back and test support, so it’s not suitable to chase the rally directly. Wait for the pullback to a key support level and observe signs of a reversal before participating more safely. If the 82.70 support is broken by the real body, then the rhythm of this up move is disrupted—your long-bias plan should be abandoned. Trades must pay close attention to position sizing and stop-loss. #美政府商讨扩大比特币持仓
Entry: go long in the 83.40–83.80 range
Defense: 82.70
First target: 85.30
Second target: 86.60
Sora’s recent rise has been impressive. After pushing up to 87.31, heavy selling pressure appears quickly above; a large amount of short-term profit-taking chips out, and the price enters a high-range box consolidation. Against the backdrop of the broader market strengthening in tandem, the medium-term uptrend remains intact, but after the short-term being overbought, it needs time to digest—so the market will not keep moving only upward in a straight line.
The chart’s KDJ indicator is gradually repairing downward. There is a need to pull back and test support, so it’s not suitable to chase the rally directly. Wait for the pullback to a key support level and observe signs of a reversal before participating more safely. If the 82.70 support is broken by the real body, then the rhythm of this up move is disrupted—your long-bias plan should be abandoned. Trades must pay close attention to position sizing and stop-loss. #美政府商讨扩大比特币持仓