Shengwei Fanfou? What? I said I could go long on SOL~
When SOL was at 192, I said I could short it if it rebounded to 195-197. It peaked at 195.8 and then started to fall. Then I said the target was 178, and now I'm saying it's time to go long. With SOL's 4-hour chart breaking through the downtrend and successfully retracing to the top, if the price can sustain above 178, it could go even higher. I believe it'll reach at least 200. The daily chart shows a clear triangle death cross pattern, so it's likely to break through. Even if it's just a pinfall, it's bound to break out to the upside. Furthermore, the Bollinger Bands are above the middle band, providing solid support. Bulls still hold the upper hand, and the structure hasn't been broken either. The pullback in the first half of the week has already begun to close, so I'm optimistic about continued closing pullbacks in the second half of the week. I recommend going long around 177-180, with a target of 200+. Trust me, go to DJ, and you'll win! $SOL