ETH stands out while SOL is expected to catch up (8.8)

Good afternoon, everyone. Ethereum's position has already hit the stop loss. It was a mistake, and a mistake is a mistake. I just took a long position and made 300 points, but gave back half of the profit. However, what's the point of regretting using profit to gamble? We can never predict the market's trends; we only know that if we're wrong, we should stop loss to avoid holding onto losing positions. Yesterday, Ethereum was the only standout, with an intraday increase nearing 5%. However, the gains for SOL and Bitcoin were not satisfactory. The 4h SOL chart shows a Fibonacci retracement segment; the next short resistance level is around 182. If it breaks through, it is expected to open up the 200 mark again. For now, let's not worry about Ethereum and see how it performs intraday. It is very likely that it will pull back and bring SOL down. Currently, SOL is testing the 175 level. If it pulls back, it might still fall below 170. However, SOL has broken through the downtrend channel, so we will refer to the JOC retracement. The drop to 167 early this morning and the quick recovery is what we should focus on!

Similarly, the 4h chart shows a short top pattern, and the KDJ indicator is facing a pullback. The 170W center is facing a retracement, which means a pullback can confirm the uptrend remains unchanged. Therefore, I recommend going long around 168-170, targeting near 182. This is for short-term trading. I've placed orders, everyone, let's get back what we lost yesterday! Cheers! $SOL