SOL has followed the mainstream coins in a decline this morning, dropping from a high of 137 to a support level of 127. Currently, it is stabilizing and fluctuating around 128, but the price continues to operate within the middle and lower bands of the Bollinger Bands. This pattern directly reflects the short-term weakness of buyers and significant pressure, with a lack of rebound momentum. The core strategy for the day should firmly focus on shorting on rallies.
Morning trading suggestion: Wait for the market to pull back to the 129-130 range to set up short positions, with a target lower at 125-122.
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.
SOL has followed the mainstream coins in a decline this morning, dropping from a high of 137 to a support level of 127. Currently, it is stabilizing and fluctuating around 128, but the price continues to operate within the middle and lower bands of the Bollinger Bands. This pattern directly reflects the short-term weakness of buyers and significant pressure, with a lack of rebound momentum. The core strategy for the day should firmly focus on shorting on rallies.
Morning trading suggestion: Wait for the market to pull back to the 129-130 range to set up short positions, with a target lower at 125-122.