On the daily chart, $SOL shows a tower bottom pattern, and the subsequent rise is in line with the pattern of the three methods of rising, which is usually regarded as a signal that the overall trend of the market outlook is not bad. However, this does not mean that you can blindly chase high. Before the market adjusts the neckline, SOL is unlikely to go out of the independent market. It is expected that at the 4-hour level, SOL may continue to fluctuate repeatedly.

For short-term traders, waiting for the price to step back to the lower track of the oscillation range is a strategy. The short-term support area is approximately between $151.3 and $148.9, while the upper resistance level is between $159.3 and $161.9. If the price steps back to around $150, it may be a time to consider entering the market.

It should be noted that although the tower bottom pattern is usually regarded as a signal of bottom reversal, in actual operation, investors should pay close attention to changes in trading volume and whether the price can break through the key resistance level. In actual combat, if a large volume reversal candlestick appears and breaks through the neckline of the pyramid bottom pattern, this may be a signal to intervene. At this time, you can temporarily operate with short-term thinking, and then adjust to medium- and long-term operations after the trend becomes clearer. At the same time, you should also pay attention to the overall trend of the market and possible risks, and avoid heavy positions without sufficient analysis.