$SOL Today it went up to 110—if you didn’t get on the train, can you still chase it?
This wave is indeed strong: from under 100 to 110.6. After the acceleration and the spike, how should we position now?
On the daily chart, SOL is still in a bullish structure, continuously pushing upward along the upper rail; but on the 4-hour chart it looks a bit overheated—clearly overbought.
The first resistance is around 110—111.
If price holds above 110 and the pullback to 108 does not break, then this round can still move higher, targeting 114—120.
If it fails to break out near 110, with a long upper wick and a heavy-volume bearish candle, that would indicate profit-taking and distribution.
For support below, watch 108 as the first line of defense and 103 as support. Don’t try to guess the top, and there’s no need to chase.
If you want to wait for SOL’s “Divine Pill,” come join the Jiaqi chatroom and get in sync with the pace!
#台股TAIEX受芯片股带动重返46500点 #solana
This wave is indeed strong: from under 100 to 110.6. After the acceleration and the spike, how should we position now?
On the daily chart, SOL is still in a bullish structure, continuously pushing upward along the upper rail; but on the 4-hour chart it looks a bit overheated—clearly overbought.
The first resistance is around 110—111.
If price holds above 110 and the pullback to 108 does not break, then this round can still move higher, targeting 114—120.
If it fails to break out near 110, with a long upper wick and a heavy-volume bearish candle, that would indicate profit-taking and distribution.
For support below, watch 108 as the first line of defense and 103 as support. Don’t try to guess the top, and there’s no need to chase.
If you want to wait for SOL’s “Divine Pill,” come join the Jiaqi chatroom and get in sync with the pace!
#台股TAIEX受芯片股带动重返46500点 #solana
