SOL Market Analysis



From the current trend, the 97 level above shows clear resistance, with multiple attempts failing to break through effectively, indicating heavy selling pressure here, and short-term bullish momentum is insufficient.

Until it breaks through and stabilizes, the market is more inclined to remain under pressure at high levels, and the bears have room to continue releasing.

In terms of operation, it is recommended to follow the trend, wait for a rebound to the resistance zone before acting, and avoid blindly chasing long positions.

Reference strategy:
Position short orders in the 97-99 range, targeting around 90-92.

In a nutshell:
If it can't go up, it's pressure; if it can't break through, don't expect it; following the trend and shorting is more stable. #Gate广场五月交易分享 #BTC突破82000美元 $BTC $ETH $SOL ‌ ‌
BTC0.38%
ETH0.02%
SOL1.76%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin