10.21 Chat SOL: The key support is the bottom line, short-term trading looks at resistance
The core of SOL's current market is in the key support range of 170-180—once the price falls below here, it may trigger more selling pressure, and we need to focus on the support strength around 160 afterwards, as this position cannot afford to lose.
For short-term traders, the focus should be on the resistance area of 200-207. If we can see the price break through this range with volume and hold steady, then we can consider following the trend, with the initial target looking towards the 221-222 area; conversely, if the price first breaks below the support line of 180, we need to promptly reduce our positions to control risk.
Operational reference: Consider placing an order around 184-186.2, with an initial target at 181.8; if it continues to dip, then look at 179.
The above is for reference only and does not constitute any investment advice. Please plan your trading decisions rationally based on your own risk tolerance. $ETH $BTC