April 10 SOL Strategy

Currently, Solana is trading around 82.240. The focus here is not on the potential for a rise, but on the current trading value and entry rationality, with a short-term bearish outlook. Buying momentum is weak, and upward push lacks sufficient energy; the price lacks strong support for a breakout, making the breakout questionable. Suggested entry price: 82.898 Estimated target price: 77.964 Stop-loss reference price: 84.872 Risk-reward ratio: 2.50R Rebound at the 5-minute level encounters resistance, and the 15-minute rebound hits the previous peak high. The above is a personal share and does not constitute any investment advice. Profit and loss are at your own risk. Please act cautiously.

$SOL Currently around 82.240. For me, the focus isn't on how much it has risen, but whether it's a good entry point. In the short term, I still lean towards bearish. Right now, I mainly look at these factors: First, the price is close to the resistance zone, with limited upside potential and average risk-reward ratio. Second, the buying volume isn't strong enough, and there's still a lack of momentum for a breakout. Additionally, the continuation after a spike is average, making chasing long positions risky and often leading to awkward entry points. I prefer to view it this way: top sweep high waterfall short / rebound trap long, then second waterfall short / break support to chase short. Suggested entry price: 82.898 Estimated target price: 77.964 Stop-loss reference: 84.872 Signals indicating a wrong judgment: 5m rebound encountering resistance / 15m rebound reaching the peak high Risk-reward ratio reference: 2.50R If the price isn't there yet, it's better to wait rather than force a trade. Bearish 📉