SOL Short-Term Strategy Sharing (5.19)

Good evening, everyone. I am Chen Changsheng. SOL has reached a critical position, the bottom of the upward channel. If it does not bounce back from this position and falls below, then the next buying point will be around 140. I am sure some are curious why not short into it, short at 140 and then go long? Indeed, the bounce from the channel bottom is weak, and the US stock market is down before opening. I expect it to continue to decline after the market opens today. However, I rarely place dual orders for both long and short, because it falls quickly and rises quickly. If anyone wants to take a chance at a critical position, then they can short near 162 or 163, because the bounce from 159 to 162 is weak, and it was knocked down by a single line after an afternoon of movement. If it approaches 140, it resembles a larger head and shoulders pattern, so a drop to 140 wouldn't be surprising. Moreover, the daily KDJ indicator has formed a double top and bottom, and it is likely to take some time before a significant rebound occurs. So, if anyone wants to short, they should enter near 162-163, targeting around 142. Long positions can be placed around 139-142, targeting 160-165!