Analysis of SOL on August 21
SOL has shown strong support around 172, repeatedly testing this level without breaking it, indicating that buying pressure below is quite active. In the short term, the 1-hour chart had a bullish trend, although there was a pullback along the way, the overall momentum still leans towards a volatile upward movement. Combining this with the daily structure, we are currently in a bullish accumulation phase, and once we see a breakout with increased volume, the potential for further upward movement will open up.
Trading Suggestions
Continue to focus on buying low during the day, placing long positions around 185, with an initial target of 193, and then looking at pressure around 200.
