SOL Daily View Sharing (6.12)

Good afternoon, old friends. I am Chen Changsheng. A few days ago when SOL was still at 150, I mentioned that it needed to catch up. Then it rose to around 169 and started to pull back. We missed it by two points, so we can remove the long position around 154. It's a pity it didn't rise to 175, otherwise, we could have shorted with confidence. I'm always worried it will continue to catch up. Who knew Ethereum would make a solo catch-up yesterday while SOL and Bitcoin remained completely still? From the market perspective, SOL's breakout above 170 failed and it directly pulled back to the next oscillation range!

There is a small support near 156, but considering Bitcoin has basically not rebounded, we shouldn't let SOL drop again on another decline. The idea of going long at 156 can be dismissed. The area around 150 is the critical point for both the last rebound and this rebound, so going long at 150 has a higher chance of success. We cannot rule out that the extreme pin position should be around 147. As long as it doesn't break below 140, the bullish structure will not be destroyed. Therefore, this time our entry point for going long is around 147-150, with a target of 158-162! $SOL