Sol's market forecast by Old Wang in the morning has also emerged. How many bold friends have followed this wave of market trend? Old Wang has also released this simultaneously on BN. Now let's analyze the current market situation.

The target price for Sol is at 216, breaking through the upper Bollinger band, and is in the "strong bullish + overbought warning" zone. From an hourly perspective, if the price holds above the upper band at 214 without falling back, or quickly recovers after a pullback, it indicates the breakout is valid, and in the short term it can reach the previous high extension range of 217-220. The middle Bollinger band near 208 is the mid-term bull's lifeline; as long as it does not break below, the upward trend remains unchanged.

When the price breaks through the upper band, if a long upper shadow, consecutive small bearish candles appear, or it quickly falls below the upper band, then we need to be cautious of an overbought pullback, with the target first looking at the support of the middle Bollinger band.

Friends who followed Old Wang's thoughts in the morning can continue to hold, with a stop loss below the middle Bollinger band at 208 to guard against trend reversal. However, friends who have not yet entered should be cautious about chasing the rise, as directly chasing after a breakout above the upper band carries high risk. If it pulls back to the upper band at 214 and finds support, it may be worth trying to add positions with a light allocation.

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Friends who want to short should wait, as the current trend is clearly upward. Shorts need to wait for a break below the middle band and confirmation with a large bearish candle before considering, otherwise they risk being swept out by bulls.

In the short term, bulls dominate, and the breakout above the upper band demonstrates strength, but overbought risks coexist. The operation should focus on holding long positions and defending the middle band while remaining alert to the pullback actions after the breakout, responding flexibly to changes in rhythm. $SOL #机构筹资布局SOL