📢【SOL Morning Dispatch | August 26】
Last night, the SOL market surged before quickly retreating, with bears suddenly intensifying their selling pressure, officially breaking the bullish structure at the four-hour level❗️ The current market has entered a critical fluctuation zone, and we need to closely monitor the following core levels:
1. Key Level Reference
• Support Level: Focus on the 180-183 range. If this range is broken with significant volume, the next target will be 175.
• Resistance Level: Focus on the area around 190. If the rebound fails to break this level, the market will likely maintain a weak pattern.
2. Suggested Trading Strategy
1. Long Position Strategy: If the price stabilizes in the 180-183 range, consider light long positions, targeting 188-190, and be sure to take profits in a timely manner.
2. Short Position Strategy: If the price breaks below the 180 support level, consider light short positions in the direction of the trend, with a stop-loss set at 195, strictly controlling risk.
The market direction has been initially clarified, and at this stage, the rhythm is more critical than the direction! It is recommended to seize the opportunities within the range fluctuations, and every trade must strictly follow risk control rules to avoid blindly chasing trades.
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