#行情推演 $SOL I've been paying attention to this cryptocurrency for quite a while and have always had a bullish expectation for it, but I've been backstabbed many times😭
Looking at the chart, let's discuss the current outlook. This cryptocurrency is currently moving within a range, fluctuating between these five points. For this type of trend, as mentioned before, watch where it breaks out: if it breaks upward, go long; if it breaks downward, go short.
However, be aware that there is a resistance level above. If you want to go long on the right side, please wait until it stabilizes above 191 before entering. If there is a false breakout or false breakdown, cut your losses in time.
There are two strategies for range trading:
1. Short at the upper boundary of the range and then go long at the lower boundary, which is commonly known as 'buy low, sell high'.
2. Trade the transition from range movement to trend movement; this often yields greater profits but can be easily worn down by false breakouts, so right-side trading is preferable.
All of the above are strategies for range trading, but the choice to go long or short is yours. Trading is always about taking responsibility for your own choices.