SOL has broken down from the previous high consolidation area and then reclaimed it, still completing the previously bullish ultimate structure, and eventually breaking upwards with the overall market.
Estimating the bullish target based on the rebound from the bottom according to equal distance segments, around 158-160.
So friends with long positions should appropriately reduce their holdings, and those without positions should not chase longs at this level.
The profit and loss are relatively small, and the entire upward movement has been quite struggling. The subsequent rebound is likely to be a tail end market. Patience is required to wait for new opportunities to buy on a dip.
Resistance at 158/163.6
Support at 148/143