SOL has established a smooth upward trend from its low levels. Although it experienced a pullback after reaching 143, the overall upward structure remains intact. The correction is a normal adjustment within the trend, and the bullish strategy is based on the primary upward trend as the core logic.
After the price retraced, it re-approached and stood above the middle band of the Bollinger Bands. The middle band is an important support for the upward trend. Holding this level indicates the short-term correction has ended, and the bulls are regaining control.
SOL Trading Suggestion: Pullback to 137-132, with an outlook towards 148-158.
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SOL Market Outlook
SOL has established a smooth upward trend from its low levels. Although it experienced a pullback after reaching 143, the overall upward structure remains intact. The correction is a normal adjustment within the trend, and the bullish strategy is based on the primary upward trend as the core logic.
After the price retraced, it re-approached and stood above the middle band of the Bollinger Bands. The middle band is an important support for the upward trend. Holding this level indicates the short-term correction has ended, and the bulls are regaining control.
SOL Trading Suggestion: Pullback to 137-132, with an outlook towards 148-158.