SOL has declined to the 86.5 area yesterday followed by a minor rebound. Currently, it has risen to the 88.2 area at most and is facing pressure again. On the 4-hour chart, the price is moving near the mid-band area. Although support levels below have been elevated, resistance is also significant. Avoid chasing longs at high levels. It's recommended to short in the 88-90 range, with targets towards the 84-80 area below.
SOL has declined to the 86.5 area yesterday followed by a minor rebound. Currently, it has risen to the 88.2 area at most and is facing pressure again. On the 4-hour chart, the price is moving near the mid-band area. Although support levels below have been elevated, resistance is also significant. Avoid chasing longs at high levels. It's recommended to short in the 88-90 range, with targets towards the 84-80 area below.