$SOL

【SOL August 20 Evening Market Update 🚀】

Good evening everyone, this is the SOL quick report at 21:30.

Current price $180.85, today's high $182.92, low $176.21, a typical high-level volatile turnover.

The funding situation is strong—mainstream contract funding rates are slightly positive, and the bulls are paying to hold positions; in terms of technical indicators, RSI(14)≈53 is not extreme, MACD is still in the buying zone, and ADX≈22 indicates that trend strength is moderate. The conclusion is clear: this is not a period for reckless chasing, but rather a range game that depends on volume.

How to play the levels? $176 to $178 is the bulls' moat; holding this range could lead to a rebound; $184 to $185 is the threshold; breaking above this level can be discussed for accelerated pace.

My execution has only two statements:

Firstly, accumulate in batches between $177 and $178, stop loss below $176, with initial targets at $184 and $188;

Secondly, chase only after a breakout above $185, add if it pulls back but does not break, with a target of $190 to $195. If unexpectedly there is a breakout below $176, immediately close the position and wait for a second confirmation between $172 and $173.

In summary—volume determines direction, levels determine win rate: above $185 discuss trends, below $176 discuss defense, execute as per the plan, do not be greedy or fearful. #solana #sol #SolanaUSTD