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April 7 SOL Thought Analysis:
Yesterday, $SOL reached the short position at 83.2 mentioned on the 4th of April. At present, we are testing the trendline’s role on the Hourly candlestick. If it goes down further, pay attention to whether there is a rebound at the 77.8 support level. If the resistance above at 81.65 cannot effectively suppress the pullback, then focus on the resistance at 83.6. If you still want to keep shorting, just watch these two levels.
Recently, SOL’s market action is still relatively weak. If today’s trendline doesn’t work as expected, then look at the 77.8 level. If the 77.8 retest of the trendline fails, then further downside should be watched for. The sluggishness needs some time to be resolved. #Gate广场四月发帖挑战