$SOL
Friends, the current time is 21:30 Beijing time on August 18. The current price of SOL is $183.15; the lowest point during the day was $180.36, and the highest reached $195.33. This drop caught many off guard. The attempt to break through has turned into a test instead, and a downward signal has emerged.
From a structural perspective, the short-term key support is in the $180 to $182 range. If it falls below this, it may trigger a new round of declines. Conversely, the resistance area is between $190 and $195. As long as it doesn't stabilize above, the upward trend becomes uncertain. The main technical pattern shows a 'top trap' model, with upward movements facing resistance and a lack of bullish momentum.
The operational suggestions are as follows:
* Aggressive: If the price retraces to $182 to $184, a small position can be taken to go long, but remember to set a stop loss below $180, targeting $190 to $192;
* Conservative: It is recommended to wait until SOL breaks through $190 with strong volume and confirms a rebound before positioning, which has a higher chance of success.
In summary: SOL has just undergone a structural pressure test, and whether it can hold the support range of $180 to $182 will determine the direction for the next cycle—if it stabilizes, there may still be a chance for a rebound after a pullback; if it breaks, further declines should be anticipated. Follow me, and I will guide you through accurate market analysis every night at 21:30!
