SOL Order Strategy Sharing (8.26)

Good afternoon everyone, I am Chen Changsheng. Because the market has surged and then retreated significantly these past few days, I can't see the direction clearly, so I've been updating less. It's better to say less than to be confused. Regarding the SOL orders, I've seen many family members asking in the comments, so I specially wrote this post to share my thoughts. First of all, the long position we entered at 180 has already taken profit. After taking some profit at 203, it fully took profit when it fell back to 192. Yesterday's Bitcoin long position almost hit my stop loss, but I closed it with a floating profit. The rebound strength is too weak; it seems to be testing the support at 107000. If it breaks down, it will fall back to 105000, so let's get out for now. Let's talk about SOL!

Currently, on the larger daily chart, SOL is still in an upward structure. This time ETH and BTC have broken new highs, but SOL hasn't really seen a significant rebound, just a slight follow-up. The 8-hour chart is facing the third retest of the M structure support. After this round of retesting on the daily chart, it is expected to continue the third wave of upward movement as long as the daily chart does not break below the lower MA line. I believe entering for speculation and reaching 200+ is not a problem. The short-term support is at 176, which can be considered for entering long. If it breaks below, it may retest around 156. If it breaks below 156, then the market will likely reverse. These are all on a larger scale and require time for verification, but in the short term, it won't break below 170. Therefore, entering long positions for speculation is not an issue. I recommend going long around 176-180, with a mid-term target of 200+. Trust me, it's a guaranteed win! 😎 $SOL