SOL's recent movement is quite interesting. From the 4-hour K-line, yesterday it couldn't go below the 120 level. The selling pressure is clearly weakening, indicating that the bottom support is quite solid. The bears basically have no chance to push it further down.
At this position, the downward space is indeed locked, making it more likely to brew a technical correction. From this perspective, it is more likely to rebound rather than continue falling.
The actual trading strategy is to stick within the 117-122 range. As long as there is a pullback, gradually add to long positions. Don't be too greedy, trade with a light position. Be patient and let the market find its own rhythm. The initial target is to see if it can reach around 140.
Adjust your stop-loss levels flexibly based on your position size. The key is not to be too hasty, give the market enough time to react. Small, steady positions are the way to go.
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GasFeeNightmare
· 5h ago
Hold this line at 120 tightly... I was watching the chart until 3 AM last night, and the gas fee skyrocketed from 15gwei to 28. As a result, I lost some transaction fees before the rebound. It's exhausting. However, since 120 can't be sold easily, it does make some sense. I agree with the strategy of gradually entering with a small position to avoid trying to eat it all at once and getting stuck.
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DecentralizedElder
· 5h ago
The 120 support can't hold, and a rebound is coming. Wait for the pullback to enter long positions, and it's all set.
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DaisyUnicorn
· 5h ago
Line 120 is holding firmly, and it feels like the small flowers at the bottom are struggling to take root. The bears are probably tired too. A rebound is brewing. Keep the 117-122 zone safe, and if there's a pullback, enter gently. Don't be greedy.
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SellLowExpert
· 5h ago
That 120 resistance level really held, the bears are out of steam now.
SOL's recent movement is quite interesting. From the 4-hour K-line, yesterday it couldn't go below the 120 level. The selling pressure is clearly weakening, indicating that the bottom support is quite solid. The bears basically have no chance to push it further down.
At this position, the downward space is indeed locked, making it more likely to brew a technical correction. From this perspective, it is more likely to rebound rather than continue falling.
The actual trading strategy is to stick within the 117-122 range. As long as there is a pullback, gradually add to long positions. Don't be too greedy, trade with a light position. Be patient and let the market find its own rhythm. The initial target is to see if it can reach around 140.
Adjust your stop-loss levels flexibly based on your position size. The key is not to be too hasty, give the market enough time to react. Small, steady positions are the way to go.