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Buddies, the SOL on August 1st is like an athlete squatting at the starting line, with the weekly chart forming a "cup and handle" pattern, now swaying between $170 and $176, not sure if it's going to sprint or tie its shoelaces.
$183 is a threshold; if it can hold, it might bounce to $196, but if it can't hold, it has to roll back to $155 to cry. Right now, there are a lot of shorts piled up between $170 and $176, like a stack of firecrackers. Once the price breaks through $176, the $7.9 million in shorts will go "bang bang bang" and explode, and at that point, it will rise faster than a rocket.
The derivatives market is even more exciting, with open contracts holding 7.86 billion in cash shouting for more. The financing rate has turned positive, and the leveraged bulls are like they've had a Red Bull. The daily MACD golden cross is a good sign, but the 4-hour chart looks a bit undernourished and sluggish. The RSI at 54.94 is still somewhat spirited, but trading volume has dropped by 30%, like a big sale in a mall with no customers; it's a bit strange.
Ango suggests: Get on board around 170 quickly, first look at 175, and if it breaks through, it will head for 182. Remember, this market is like riding a roller coaster, hold on tight and don't let go, and make sure to secure your stop-loss rope!