SOL Strategy for 8/12:
The SOL price is operating in the range of 164.40-186.76, and the trading volume has significantly shrunk, indicating low market participation and a weak trend signal. From a technical perspective, the moving average system is entangled, and the price has fallen below both the short-term and long-term moving averages, showing a certain bearish tendency. However, the appearance of a engulfing pattern suggests a potential bullish reversal.
SOL Trading Suggestion: Buy at 176.4±0.1, target at your discretion, with strict defense. For reference only, please refer to the specific market conditions!
