$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 ๐Ÿ“‰
SOL-2.77%
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