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Sol has recently shown a unique performance, continuing to consolidate sideways in the range of 186 to 177. This is mainly due to the strong support at the 176 level, which is at the golden ratio point of its larger fluctuation range. Currently, the price range of 182 to 184 is in the middle ground, where the profitability of shorting is limited, and there is a risk of being short-term reversed. Once the price breaks through 186.5, the next target may look towards the range of 190 to 192 (the recent highest resistance level is 196.5). Therefore, the short-term shorting strategy for Sol should consider entering above 187.5.
As long as the price level of 175 is not broken, it is not recommended to reopen short positions below 182. If the price approaches the range of 177 to 176 again, you can continue to buy with a small position, as this strategy carries lower risk. Even if 175 is broken, the price may rebound around 167, and it is likely to directly rise back to the range of 178 to 180. For conservative traders, the stop-loss point can be set at 175.00, and when there are slight losses, an attempt can be made to catch a bottoming opportunity. #Gate全球首发上线YZY# #加密市场反弹# #美联储7月会议纪要# #BTC# #ETH#