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SOL is currently still in a weak oscillation overall, and I prefer to see a correction during the rebound rather than defining it as a reversal.
The current price is approximately 86.07, with an intraday high of 89.39 and a low of 85.60. Looking at the market, the resistance around 89-90 is still obvious; there is some upward movement during the rebound, but the continuation is average, indicating that the bulls' strength is still insufficient.
My approach is very simple: continue to mainly short at high levels.
Short in batches between 87-89
Stop loss above 90
First look at 82 below
If 82 is broken, then look at below 80
In this kind of trend, the core issue is not whether it can rebound, but whether it can hold steady at the resistance level after the rebound.
If it just pulls up briefly and then starts to decrease with reduced volume, it is essentially still a correction within weakness, not a strong reversal.
Key points:
SOL's rebound is not without opportunity, but until it truly breaks above 90 with increased volume, I will still treat it as a weak rebound, and the resistance above provides a shorting opportunity.
In this market, don't get too attached; take the profit when there's room, and if it doesn't break the resistance during the rally, the probability of a pullback is still higher.