$SOL
🌞Good morning everyone! It is now August 19th, 10:00 AM Beijing time, and the real-time price of SOL is $182.45. It has pulled back from a high point, but the overall structure remains stable. In this wave of correction, the price is standing at a necessary support area—between $178 and $180. As long as it doesn't break this range, it indicates that bulls are willing to hold the bottom.
Short-term indicators like RSI have approached the oversold edge, and the overlapping area of the lower Bollinger Band and EMA100 represents the best buying point for structural consolidation. The key resistance is at $192, which is a concentrated area of contention between bulls and bears. If broken, it is expected to target above $210 to $212.
Here are the operational suggestions:
• Aggressive: If the price pulls back to the $180 to $182 range, you can enter with a small position for bottom-fishing, with a stop-loss set below $178. When the market rebounds, aim for a target of $189 to $190, and if successfully broken, the second target is $200 to $210.
• Conservative: It is recommended to wait and observe for a confirmed upward trend after the price breaks out with volume in the $185 to $188 range before entering, making it safer to go long in line with the trend.
In summary: SOL is at the moat; as long as it doesn't break $178 to $180, the bottom is still gathering strength; if it reverses and breaks above $192, the next wave of the market will start immediately.
Want to catch every key rebound rhythm of SOL? Like + follow me, and let's keep an eye on the 'big wave' after the breakout together!
