SOL Morning Strategy

The price of SOL has been declining steadily from its highs, showing a relatively smooth downward trend with strong bearish momentum. Recently, it has accelerated its decline, with the price approaching around 185, and market panic may have intensified.

However, the continuous sharp decline has put the price in an oversold condition, which provides a potential opportunity window for bullish strategies. We can lay out a bullish position, provided we manage risks reasonably.

Intraday operation: You can establish long positions around 180-183, targeting 187 and 190.