$SOL “Key Moment Countdown”: Is $220 a breakthrough or $196 a hold? Missing out will lead to tears!
The current rising triangle pattern of SOL is a key "weather vane". Like a spring, it will either break through the upper edge of $220 and surge, or fall below the lower edge of $196 and plummet, with no buffer.
At critical price levels, $220 is the "Gate to Heaven", having failed to stabilize on three previous attempts. If the daily closing price stays above it and trading volume increases by more than 30%, the upward channel opens, first targeting $235, then $240, with capital inflow or potential overshoot. $196 is the "Mouth of Hell", serving as support for lower levels, pullback lows, and the 50-day moving average. If it breaks below, bulls will exit, causing a price drop. The support at $175 may not hold, and SOL could fall back to $160 - $170, hurting retail investors chasing upward momentum.
Indicators show signals. The 6-hour RSI is about 58, not overbought with no top divergence; there is still room for upward movement after breaking resistance. In terms of price trend, a volume contraction during pullbacks, combined with increased volume near $220, indicates strong bullish momentum, waiting for a confirmed breakout.
There are two types of trades. If it breaks through $220 and does not pull back within 30 minutes with trading volume increasing by over 50%, decisively go long, setting a stop loss below $215, and take profit in two batches at $235 and $240, each 50%, to lock in profits. If it breaks below $196, and the hourly closing price is below this level with doubled trading volume, cautiously go short, set a stop loss above $202, and take profit first at $185 then $175, closing quickly at $175 to prevent a rebound.
When to enter and when to exit? How to grasp strong coins? How much to set for take profit? The top students will promptly inform their fans in the luxury skirt; as long as you follow my thinking and execute what I say, you will definitely reap the rewards!
