In simple terms, SOL currently has stronger bearish momentum and the short-term trend is somewhat weak.
· Current momentum: Several key technical indicators show that selling pressure outweighs buying pressure, and the price may continue to decline. · Trading strategy: · If you are more aggressive, consider shorting around 165. · If you prefer a more cautious approach, wait further; if the price rebounds to the 168-172 range, it could be a more secure shorting opportunity. · Risk management: · Regardless of the approach, set a stop loss with 175 as the final line of defense. If the price breaks above this level, it indicates that the downtrend may be reversing, and you should exit the position. · Downside targets: · If the market declines as expected, initial targets are around 155, then 150, and possibly near 145.
To summarize: The technical outlook is currently bearish. You can look for shorting opportunities near the suggested price levels according to your risk tolerance, but be sure to set stop losses to protect your capital.
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In simple terms, SOL currently has stronger bearish momentum and the short-term trend is somewhat weak.
· Current momentum: Several key technical indicators show that selling pressure outweighs buying pressure, and the price may continue to decline.
· Trading strategy:
· If you are more aggressive, consider shorting around 165.
· If you prefer a more cautious approach, wait further; if the price rebounds to the 168-172 range, it could be a more secure shorting opportunity.
· Risk management:
· Regardless of the approach, set a stop loss with 175 as the final line of defense. If the price breaks above this level, it indicates that the downtrend may be reversing, and you should exit the position.
· Downside targets:
· If the market declines as expected, initial targets are around 155, then 150, and possibly near 145.
To summarize: The technical outlook is currently bearish. You can look for shorting opportunities near the suggested price levels according to your risk tolerance, but be sure to set stop losses to protect your capital.