March 16 SOL Recommendation

SOL encountered strong resistance near 93.23 and subsequently dropped sharply, with the daily line closing as a solid bearish candle, indicating that bullish momentum is weakening.

From a technical perspective, the price is currently constrained by the upper band of the Bollinger Band, while the gap between the short-term moving average MA7 and the long-term moving average MA30 is too wide, requiring technical correction. It is expected that there is a high probability of oscillating downward in the short term.

Trading Suggestions
Short on rebounds around 93-95, with targets looking toward 89-87, followed by 85.
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