After SOL 176 volume increased and stopped falling, a noticeable rebound occurred with reduced volume. Initially affected by a pullback, followed by bearish pressure from overall market data, shorts continue to increase downward volume. Eventually, a stop loss signal appeared at the intra-day support of 167.
Next, watch how the weekend consolidates; look for reversal signals before aiming for a rebound upwards.
The small level SOL's pullback is relatively deep, and the expectation for a rebound from overselling is approaching quickly. The prerequisite is to hold the support around 167.3.
Small level bearish, with a heavy trend of large level pullback. Rebound to key resistance and touch for short positions has a decent risk-reward ratio, but still requires quick profit-taking. Like other currencies, although the bullish rebound is weak, there is a lot of recent news impact. There will also be a lot of frequent spike movements.
Moderate level focus on upper resistance 176. Lower support 157. Treat it as a short-term downward fluctuation. The rebound near resistance has a decent risk-reward ratio for short positions.
Upper resistance: 176.7/183.5/186.9
Lower support: 167.3/157.7/153.3
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