SOL short-term trend analysis and trading strategy is based on 4-hour K-line pattern analysis. If the closing price of SOL continues to be below $173, it can be confirmed that it is currently in a correction cycle.
From a technical perspective, $173 constitutes an important resistance level. It is recommended that aggressive investors try to arrange short orders in this range, with the target price looking at the support levels of $166 and $161 respectively.
It is worth noting that if the price breaks through the key resistance level of $175, the market may turn from a correction to an upward trend. At that time, the strategy can be adjusted in time to establish a long position in reverse, and the upper target can be seen as high as $180.
Stop loss must be strictly set during the operation, and positions must be flexibly adjusted according to market fluctuations to effectively control risks.
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