Solana (SOL) Evening Market Analysis: Seize the Market Pullback and Seize the Opportunity to Enter the Market
Dear investors, facing the current market dynamics of Solana, the strategy is relatively clear - every market pullback is a good opportunity for us to increase our positions or open long positions.
Today, SOL has experienced a pullback since 161 points. The current price has fallen below the short-term support level of 158, and has rebounded after touching the support level near 154. Once the price falls below 158, the horizontal area will turn into a new resistance level. The current price of SOL is fluctuating around 158 and has fallen slightly.
The following is my operation suggestion: When the price approaches 154, you can consider boldly establishing a long position. At present, 158 has become a key resistance level. It is recommended to reduce the position appropriately at this position to realize profits. If the price can break through this level, consider increasing the position, and the short-term target is 161. If the price can continue to break through 161 upward, then you can continue to increase the long position.
Similarly, once 158 is effectively broken and the market stabilizes at this level, the previous resistance level will turn into support. For investors who failed to enter the market in time near 154, this will be another opportunity to establish long positions.
Overall, the long-term trend of SOL is still bullish. Before the key support level is broken, any market pullback is a good time for us to increase long positions.
In short, following the trend and seizing the opportunity of pullback to carry out long operations is the current main strategy.