SOL is currently testing the pressure level of the 210-200U range for the fifth time. If it can sustain a breakthrough and stay above 200U for more than 3 days, preferably continuing upward this week, the target of 250U will be within reach.
Because the 200U pressure level has been suppressed for a month, the bulls are under time pressure. On the right side is the opportunity to chase after a breakout and pullback, but the risk-reward ratio is not high; however, a small stop-loss can be set.
On the left side, there is small support in the rising trend at 193-190U, where a normal test will rebound. This is the challenge of trading on both sides without missing opportunities. Please remember that if it cannot rise within this week, the bulls will be in danger. Once support and resistance swap, the bears will have no chance to escape temporarily. #SOL