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March 11th SOL Suggestion
From the Bollinger Bands indicator, the current price is oscillating between the middle and lower bands. The middle band is showing a downward tilt, reflecting a generally weak market sentiment. Notably, the width between the bands has not significantly expanded, indicating that the short-term trend may continue to fluctuate weakly. Once the price effectively breaks below the lower band support, the downward momentum may accelerate.
Additionally, from the MA moving average system, the medium-term bearish structure remains intact, with all cycle moving averages forming resistance above the K-line. This can be seen as the resistance zone that the price needs to face during a rebound.
Trading Suggestions
Short at around 87-88.5 on rebound, with targets down to 84-82.
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