April 23 SOL Strategy



Yesterday, entered short positions at 89-85, capturing 4 points of space, and the market has officially turned weak. Any rebound should be considered a short opportunity; after rising to 89, it’s a stage top. Falling back and breaking below the middle band of the Bollinger indicates a shift into a weak downward trend, with the bullish structure disintegrating.

The market highs are continuously moving lower, with heavy resistance in the 87-88 range, and rebound selling pressure is evident. MACD shows a death cross, KDJ is trending downward, indicating a resonating bearish trend.

Recommendation: Short in the 87-90 range, targets at 84 and 79.
The bearish trend is confirmed; rebounds are just short entry points. #Gate13周年现场直击
SOL-3.27%
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