SOL strategy for August 7th:
The current SOL market is in a typical range-bound state, fluctuating between the support level of 155.72 and the resistance level of 168.50. The technical indicators show entangled moving averages, weakening momentum, and a contraction of the BOLL bands, indicating a balanced market sentiment, normal volatility, and a lack of clear trend signals. At the same time, the recent bullish engulfing pattern has not received confirmation from trading volume, further increasing the possibility of a false breakout.
SOL Operation Suggestion: Direction 🈳, target at your disc
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