SOL strategy for August 16:



The current SOL market is in a critical support and resistance zone, with many conflicting technical signals, indicating unclear trend direction. Although the engulfing pattern and the 164.1 support level have formed a strong bullish resonance, suggesting a possible rebound in the short term, the bearish arrangement of the moving averages and the extreme contraction in trading volume indicate insufficient market momentum, making it impossible to confirm the sustainability of the rebound.

SOL trading suggestion: Buy at 187±0.3, target is at your discretion, strict defense. For reference only, subject to the actual market conditions!
SOL-0.02%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)