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Based on the oscillating pullback structure shown by the current market, SOL’s overall trend still remains bearish. A rebound is an opportunity to short—short-term bulls have absolutely no ability to break through the upper moving-average resistance. Every time price rises sharply is a chance for funds to distribute. Once the support below is broken, the downside room will be fully opened. In the future, the market will most likely continue to follow an oscillating downward trend.
Trading suggestion: 86-88 area for shorting, target first to look at 73-75
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