The callback for $SOL may be nearing its end; observe whether a double bottom or W bottom formation occurs near 158.74.
Market sentiment for $SOL : If it recovers from the extreme panic zone, it may indicate the formation of a short-term bottom.
Aggressive approach (high risk): If a reduced volume doji or hammer candlestick appears near 158.74, a small long position can be tested, with the target referencing the previous high range of 165-170 and a stop loss set below 155.
Conservative approach (medium risk): Wait for a breakout above the 160 round number with increased volume before entering, to avoid false breakout traps. If it retraces to the 153-155 support area, it is safer to build positions in batches.
Risk warning: Macro uncertainties and the conclusion of the China-U.S. tariff negotiations (due on August 3) may trigger market volatility. If the outcome is unfavorable, it could lead to a second bottom for risk assets.
Currently, it is advisable to remain watchful, waiting for clear reversal signals (such as a volume expansion bullish candle breaking 162) or the resolution of macro risks before taking action. If holding positions, it is recommended to control the position size to no more than 30%.
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