【SOL Intraday Strategy Thoughts | August 22】
⚠️ Disclaimer: Personal market notes, not investment advice! Cryptocurrency carries high risks, please make rational decisions and manage your risk!
📊 Current Situation: SOL current price ~183, 24-hour decline of 2.7%, at a critical decision point. The upper range of 184-190 is an important resistance zone, while the lower range of 169-176 is the core support area. Market sentiment is weak, and BTC's movement remains a key indicator.
🧠 183 Price Limit Logic: This position is at the lower edge of the resistance zone, often a point of technical contention. Possible bases include: 1) rebound speculation from the resistance zone; 2) trendline/Fibonacci retracement levels; 3) seeking "low-risk" trial order opportunities.
⚖️ Two Strategy References:
1️⃣ Range Market (High Probability):
· If a rebound reaches the 183-190 area and shows signs of stagnation (such as long upper shadows, volume-price divergence), consider lightly shorting.
· Set stop-loss above 200, with targets at 175, 169-170.
2️⃣ Breakout Market (Low Probability):
· If there is a significant breakout and it holds above 190, wait for a confirmation pullback before following up with a long order.
· Avoid chasing longs directly at 183 unless there is a clear breakout signal.
✅ Core Principles:
· Main Thought: Range oscillation thinking, shorting near resistance is preferable to chasing highs.
· Position: Light position testing (single trade ≤10%), heavy positions are strictly prohibited.
· Stop-loss: Must be strictly enforced!
· Pay attention to BTC correlation and macro news.
Summary: 183 is more suitable as a short speculation point, not an ideal long position. Key to watch the performance of resistance at 184-190; a breakout opens up space, while a rejection will test support.
(Personal record, for reference only!)
