SOL Strategy for 8/8:
Currently, the SOL price fluctuates repeatedly within the support and resistance range of 174.33-175.55. The technical analysis shows that although a bullish engulfing pattern has appeared in the short term, suggesting a possibility of a rebound, the shrinking trading volume has created a divergence between price and volume, limiting the sustainability of the upward movement. In addition, the entanglement of moving averages and the convergence of Bollinger Bands further confirm that both market momentum and sentiment are in a neutral state, making it difficult to form a one-sided trend.
SOL Trading Suggestion: 175±0.5🈳, target at your discretion, strict defense is advised. For reference only, please refer to the specific conditions on the trading platform!
