I. Stabilize above 175.1 to continue the bullish momentum

If the SOL price continues to stabilize above 175.1, technical formations across various cycles will show a bullish arrangement, and market bullish sentiment will further intensify, making an upward trend likely to continue. Focus on the following resistance levels:

- First Resistance Level 180.3: This position is the upper boundary of a previous trading range, where a large number of trapped positions and profit-taking orders are concentrated, making it easy to form strong resistance.

- Second Resistance Level 186.8: Corresponds to the key Fibonacci resistance level on the daily chart; a breakout needs to be accompanied by significant volume.

- Third Resistance Level 193.7: As an important integer level and historical high, once broken, it will open up new upward space.

Trading Strategy: Use 175.1 as the support level to gradually establish long positions, with the initial position controlled at 25%. Reduce positions by 15% to lock in profits at each breakthrough of a resistance level; set stop-loss 3 - 5 points below 175.1 to prevent trend reversal risks.

II. Break below 175.1, bears dominate the pullback

If the SOL price effectively breaks below the 175.1 support level, the hourly level will confirm the pullback trend, and bear strength will dominate. The support levels below are distributed as follows:

- First Support Level 171.6: Support area of the 50-period moving average, a concentration point for short-term buying.

- Second Support Level 168.5: The lower boundary of the previous oscillation range, breaking below may trigger panic selling.

- Third Support Level 164.3: A key psychological level and historical strong support, an important defense line for bulls.

Trading Strategy: After the price breaks below 175.1, light positions can be established for short orders when confirming resistance on a rebound, with an initial position of 20%. Reduce positions by 15% at each support level to take profits; set stop-loss 3 - 5 points above 175.1 to avoid false breakout risks.

III. Risk Control and Operational Key Points

1. Position Management: Single trade position should not exceed 30%, total position should not exceed 50%, to avoid excessive exposure to risk.

2. Execution of Stop-loss: Strictly set stop-loss within 3 - 5 points above and below key levels, eliminating any complacency.

3. Dynamic Tracking: Combine trading volume, candlestick patterns, and sudden market news; if divergence signals appear, adjust strategies in a timely manner to prevent sudden fluctuations.

IV. Strategy Summary

The core contradiction in today's SOL market is the tug-of-war over the 175.1 level. If the price stabilizes at this level, bulls will dominate the market to challenge the upper resistance; if it falls below, bears will initiate a pullback to test the lower support. It is advised to closely monitor the effectiveness of breakouts at key levels, strictly execute stop-loss and take-profit strategies, and flexibly adjust positions in conjunction with technical indicators and market sentiment to cautiously respond to the high volatility characteristics of the cryptocurrency market.$SOL #SOL走势