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6.23 Monday Evening Market Overview: Is SOL's Double Bottom Forming a Rebound?

SOL has once again touched the previous support zone of 126-128 during this major pullback. Fortunately, after dipping to 126, it did not close below 126, leading to a small rebound; currently, SOL is forming a double bottom structure around 126.2, showing signs of a rebound.

On the 1H chart, SOL shows a volume-price divergence, suggesting that the upward trend may just be an illusion, especially since the increase in price is on decreased volume, and bearish sentiment in the market is high.

Currently hovering around 134.31, waiting for the U.S. stock market to open to see if any trends develop; if it breaks above 134.31 without falling back, then enter long positions, with a stop loss at 131.33 and a target near 140.25; or if it fakes a breakout and then falls back, enter short positions with a stop loss at 136.49 and targets at 131.33 and 128.2; for left-side ambush, long positions at 126.2, with a stop loss at 125.83 and targets at 131.33 and 134.31.

Last time, spot trading allowed everyone to ambush around 130, and the next accumulation position is set around 113, with a temporary reduction at 157.09.

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