$SOL ETF Approval Trend Analysis: Ready to Launch, Targeting $250
SOL did not experience a surge after the ETF was approved, partly due to lackluster on-chain activity.
However, SOL still has strong rebound potential this quarter, with a target looking towards $250.
Aspect: In the early session, signs of institutional selling were observed around the $3400 mark. However, based on trend structure analysis, ETH is still expected to test upwards near $3980 in the future. In the current pullback phase, it's crucial to strictly control the liquidation line to avoid premature liquidation due to volatility.
Core Strategy:
Reject Guessing Tops: No need to be obsessed with shorting at the absolute top (resistance level) of the "door painting" pattern.
Go with the Trend: Stick to operating in the direction of the main trend.
Withstand Pullbacks: Under the premise that the trend is not broken, one must have the patience to endure reasonable pullbacks.
Specific Risk Control Recommendations:
SOL: Before the daily upward pattern is broken, the liquidation line for long positions can be set around $150. The current key support level on the daily chart is around $162 (based on the analysis of the "door painting" pattern, this is the strongest support).
ETH: The liquidation line for long positions can be set at $3000.