Evening SOL strategy analysis:
Focus on the key trend line at 215, relying on support and resistance to grasp the direction.
Currently, it is important to pay attention to the breakout situation at the upper track of the trend line near 215. This point is the “watershed” for short-term bullish and bearish direction. If the breakout is valid, it will open up upward space; if it continues to be pressured, it is likely to retreat and test the support below, and an operational plan needs to be formulated around this key level.
Bullish logic: If the price stabilizes above the upper track of the 215 trend line, a short-term upward trend is established, and one can look for bullish opportunities; if support at 185.8 or 174 is maintained during a pullback, it can also be seen as a buying opportunity.
Bearish logic: If the price repeatedly encounters resistance at the 215 upper track, or first touches the aggressive resistance level at 210 and then shows signs of weakening momentum, such as a top formation and reduced trading volume, one can lightly position for a short sell, focusing on the testing situation of the support below.
Bullish strategy
Breakout entry: If the price breaks above the upper track of the 215 trend line and the hourly closing is above 215, enter long with a light position; if it subsequently retraces to 215 without breaking down, one can add to the position.
Pullback entry: If the price pulls back to the support level of 185.8 and stabilizes, or if it experiences an extreme pullback to the strong support at 174 before stopping the decline, one can enter long in batches.
Targets and stop-loss: The target is initially to look for upward space extension; the stop-loss should be set below the support level of 174 or below the 215 trend line to avoid the risk of trend reversal.
Bearish strategy
Pressure entry: If the price touches the pressure at the 215 upper track and is pressured, or if there are obvious signs of stagnation at the aggressive resistance level of 210, enter short with a light position.
Targets and stop-loss: The first target is the support level of 185.8, and if it breaks down, look towards the strong support at 174; the stop-loss should be set above the 215 upper track (based on the hourly closing) to prevent being trapped after a breakout.
Support at 185.8: Short-term core support, can accumulate on stabilization after a pullback.
Support at 174: Strong support level, key defense line in extreme market conditions.
Pressure at 210 (aggressive): Preceding pressure, if first resisted, can prepare to lightly position for a short sell.
Pressure at 215: Core trend pressure, the key basis for judging bullish and bearish directions.