$SOL Current price has clearly moved upward, pulling away from the MA7 short-term moving average. The gap between the candlestick and the moving average is relatively large, indicating the market is overbought in the short term. In a trending market, after a sustained and sharp rally, prices typically need to retrace toward the short-term moving average to satisfy the demand for correcting and absorbing the overbought indicator.
Entry zone: 101.5–103.6 (enter near the previous high resistance area)
Hard stop loss: 104.7
First take profit: 99.2
Ultimate take profit: 97.8 (MA25 moving average support level)
Entry zone: 101.5–103.6 (enter near the previous high resistance area)
Hard stop loss: 104.7
First take profit: 99.2
Ultimate take profit: 97.8 (MA25 moving average support level)
