Let's talk about SOL. The current price is fluctuating around $197. To be honest, the short-term trend is a bit hard to gauge, but the overall trend is still worth paying attention to.
For support levels, the area around $180 to $185 is a key point; it has bounced off this level several times before, indicating some support in the short term.
Looking at resistance levels, the range from $200 to $205 shows significant pressure. If it can successfully break through, it might quickly rise to $220.
In terms of trading strategy, for those who are conservative, consider buying in small batches within the range of $195 to $198, keeping the total position under 50%, and setting a stop loss no more than 5% to be safer.
For the more aggressive traders, if SOL breaks above $200, you might consider chasing the price up, but remember to operate in batches and not let any single position exceed 20% of your total capital. Do not go all in at once.
There's also a rolling strategy you can consider; gradually reduce your position to lock in profits during a rebound and keep some base positions during a downturn, waiting for the next opportunity.
By the way, a key risk warning: the short-term volatility for SOL may increase, especially as we approach significant technical resistance levels. Make sure to set strict stop losses, and absolutely do not go in full position chasing high prices, as the risk is too great.
Finally, regarding Long Ge's short-term trading advice for today, consider going long around $195.45 to $196.60, with an initial target at $200.20 and then looking for a breakthrough towards $202.66. When entering, always set a stop loss. For those who are unsure, give a thumbs up and follow, and feel free to call Long Ge; he will keep an eye on the market for you! #SOL