8.31 SOL idea analysis
On a one-hour cycle chart, during the early morning surge the price rose to touch the 107.44 high point, then quickly came under pressure and fell back. It subsequently probed down to the 100.26 low. After a sharp drop in the short term, there is a need for an oversold bounce and corrective repair.
The recent decline has released a good amount of bearish momentum, but there is still no clear stabilization signal. Don’t rush to blindly bottom-fish or chase longs. Wait patiently for the price to retrace to key support, confirm the stop in the down move, and then consider setting up positions.
Trading idea: trade the 100.5–101.5 range for the “do” (bounce)
Defense: 99.0
Targets: 104.20-107.0#黄金本周下跌3.24% #韩国单股杠杆ETF交易下降 #日元贬值日本已投入970亿美元护盘 #ICBA反对CLARITY法案稳定币奖励漏洞
On a one-hour cycle chart, during the early morning surge the price rose to touch the 107.44 high point, then quickly came under pressure and fell back. It subsequently probed down to the 100.26 low. After a sharp drop in the short term, there is a need for an oversold bounce and corrective repair.
The recent decline has released a good amount of bearish momentum, but there is still no clear stabilization signal. Don’t rush to blindly bottom-fish or chase longs. Wait patiently for the price to retrace to key support, confirm the stop in the down move, and then consider setting up positions.
Trading idea: trade the 100.5–101.5 range for the “do” (bounce)
Defense: 99.0
Targets: 104.20-107.0#黄金本周下跌3.24% #韩国单股杠杆ETF交易下降 #日元贬值日本已投入970亿美元护盘 #ICBA反对CLARITY法案稳定币奖励漏洞
