3.9 Morning SOL Analysis and Trading Recommendations: Follow the Trend for Short Selling

SOL is currently in a clear bearish trend, with key support levels effectively broken. The rebound strength remains weak, and the overall trend is still in a weak downward channel. From the market perspective, bullish rebounds are weak, and trading volume continues to shrink. Every rebound presents a better shorting opportunity. In terms of operation, prioritize following the trend for short selling and avoid blindly bottom-fishing.

From a technical and market perspective, the price repeatedly rebounds but faces resistance at the short-term moving averages and the upper Bollinger Band, then pulls back. Resistance above is heavy, and the daily chart continues to weaken, with lower lows forming. The downward structure is complete, and on the hourly chart, MACD and KDJ indicators are both bearish, with clear retracement signals, indicating that the bearish momentum is dominant.

Overall, today’s outlook remains bearish, with rebounds being opportunities to short.

Trading Recommendations:
Short in batches around 83-84, targeting 76-78. If the price effectively breaks below 75, look further down. Set strict stop-losses and trade in line with the trend.