Evening Market Overview on July 18: SOL Returns to 200 Within Reach

SOL rising triangle, holding above 180.15 targets 184.83 and the previous high of 188.12; currently, SOL's trend is very strong, always in a state of breaking down and recovering during the Asian session. Yesterday, 500 million SOL were minted on-chain, indicating a continued bullish structure; waiting for a right-side breakthrough and stabilization above 180.15 with a strong bullish candle to enter long positions, with a stop loss at 178.84 and targets at 184.83 and 188.12.

Waiting for SOL to test the rising trend line below at 176.11 without breaking or a false breakdown to re-enter long positions, with a stop loss at the support-resistance swap point of 175.17 and targets at 179.32 and 183.68; conversely, if the horizontal line at 175.17 is broken by a large bearish candle without a pullback, enter short positions with targets at 172.19 and 169.24, with a stop loss at 178.

The spot trading reduction position is near 196-203; long-term positions remain unchanged.

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