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6.10 Evening Market Overview: How to deal with the support and resistance switching position for SOL
SOL has faced strong selling pressure after touching the resistance level of 162 again and is now hovering at the support and resistance switching position of 157.09, which is also the ice line, indicating potential for both bulls and bears;
If 4H SOL retraces without breaking 157.09, it remains a bullish structure; the resistance above looks at 162, 165.14, 168.87, while the support below is at 150.64, 145.57, 140.25; wait for a retracement that does not break or a break that recovers to enter long positions in line with the trend, targeting 162 with a stop at 155.35; conversely, if a large bearish candle penetrates and breaks through 157.09, then enter short positions in line with the trend, targeting 150.64 with a stop at 162.
For short-term trading, gradually enter the SOL spot around 150-140, with reduction positions at 162 and 180; if you hold some, there's no need to worry. Friends passing by, please give me a like and follow, it’s the greatest support for me, thank you! The above information is for market analysis only and not as a trading strategy; follow me so you won’t get lost, I provide you with the latest news and market analysis every day, including the wealth codes you want. Remember to like and follow!