November 5: Overall sentiment in the $SOL crypto market improved. Public-chain tokens followed the broader market’s recovery, with SOL’s high-beta characteristics leading major altcoins. There are no signs of further escalation in geopolitical conflicts. Safe-haven capital is gradually moving out and flowing back into higher-volatility assets to seek rebound gains.
【Trading Plan】
Short entry range: Position on a rebound to 97.0–98.0
Long entry range: Position on a pullback to 92.5–93.5
Stop-loss: For shorts, above 99.0; for longs, below 91.0
Take-profit:
Short targets: 94.0–92.0
Long targets: 96.5–97.5
【Key Rationale】
The hourly chart shows a V-shaped reversal and a volume-backed rally, with short-term bulls in control. Selling pressure is concentrated near the previous high of 98.16, so a pullback may follow the surge. The 92.5–93.5 range below is a high-volume support zone; a confirmed retest there would strengthen the chances of a continued rebound. SOL’s high-beta nature gives it greater rebound potential, but the macro backdrop of high interest rates remains unchanged. The market is likely to see wide swings at elevated levels, so keep position sizes tightly controlled when trading the range. #sol