I've been monitoring SOL's trend these past couple of days, and this current level is indeed worth paying close attention to.
Currently, SOL is trading around $129.02. From a technical perspective, it's quite interesting. The RSI indicator shows 58.9, indicating that market sentiment is leaning towards the bullish side, with continuous inflows of buying power. Looking at the candlestick patterns, the upward trend is quite clear, and the overall movement is smooth.
The key support level is around $125.15. If it breaks below this, consider stopping out. On the upside, resistance is set at $132.89, but the real breakout point should be at $131.60. My feeling is that once it stabilizes and breaks through this level, the subsequent market could continue to move upward, with considerable room for growth.
My own trading plan is as follows: start with a light position, controlling about 20% of the total funds to test the waters. If it truly breaks through the $131.60 key level, then increase the position to 40%, allowing participation in the main upward wave without too much pressure. The stop-loss is set just below the support at $125.15; if it breaks, exit immediately. As for targets, first look at the $135.00 area, and then adjust subsequent targets based on real-time conditions.
Of course, these are based on current technical analysis. Market changes happen quickly, so everyone should operate according to their own risk tolerance. What do you all think about this wave of market?
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QuorumVoter
· 21h ago
Bet $131.60, can it explode this time? Feels not that simple.
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P2ENotWorking
· 21h ago
If this level at 131.60 is broken, I'll buy in; otherwise, I'll wait and see.
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MissedTheBoat
· 21h ago
131.6, this threshold really feels uncomfortable, waiting for it to break through.
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liquiditea_sipper
· 21h ago
131.6, this critical level really needs to be broken, otherwise it's just a fake breakout.
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GateUser-c802f0e8
· 21h ago
SOL this wave can indeed be watched closely, but I feel that the 131.60 level still depends on the market sentiment.
I've been monitoring SOL's trend these past couple of days, and this current level is indeed worth paying close attention to.
Currently, SOL is trading around $129.02. From a technical perspective, it's quite interesting. The RSI indicator shows 58.9, indicating that market sentiment is leaning towards the bullish side, with continuous inflows of buying power. Looking at the candlestick patterns, the upward trend is quite clear, and the overall movement is smooth.
The key support level is around $125.15. If it breaks below this, consider stopping out. On the upside, resistance is set at $132.89, but the real breakout point should be at $131.60. My feeling is that once it stabilizes and breaks through this level, the subsequent market could continue to move upward, with considerable room for growth.
My own trading plan is as follows: start with a light position, controlling about 20% of the total funds to test the waters. If it truly breaks through the $131.60 key level, then increase the position to 40%, allowing participation in the main upward wave without too much pressure. The stop-loss is set just below the support at $125.15; if it breaks, exit immediately. As for targets, first look at the $135.00 area, and then adjust subsequent targets based on real-time conditions.
Of course, these are based on current technical analysis. Market changes happen quickly, so everyone should operate according to their own risk tolerance. What do you all think about this wave of market?