SOL Technical Analysis: Swing Trading Strategy Under Bearish Trend

Current SOL price is 86.07. Under the triple pressure of macro tightening expectations, geopolitical risks, and risk aversion sentiment, it is showing a clear downward trend overall, with limited strength for short-term rebounds, and selling pressure remains dominant.

From a technical perspective, since the price has fallen from the high of 97.65, it has encountered resistance multiple times around 87.41, which has become a key resistance level. The 5-day and 10-day moving averages are in a bearish arrangement, and the price continues to be under pressure below the moving averages. The oscillation indicator has just recovered from the 'oversold' region and has not formed any effective bullish signals, which instead confirms the current lack of strength in rebounds. The lower levels of 80.03 and 75.56 constitute a stepped support, which is the mid-term bearish target.

In terms of trading strategy, it is recommended to focus on short selling when prices rise: near the current price of 86.07, one can enter short positions, with strict stop-loss set above 87.5 to avoid the risk of trend reversal. The first target below looks towards 85.4, and if it effectively breaks down, one can follow the trend to the second target of 80.03, with the ultimate target being 75.56. If the price unexpectedly breaks upward past 87.41, caution is needed for a trend reversal, and short positions should exit and observe in time.

In terms of position management, it is recommended to control within 20% of total funds, building positions in batches to smooth out risks. Attention should be paid to macro data and changes in overall sentiment in the cryptocurrency market. If risk appetite rises, it may accelerate SOL's decline; conversely, if favorable news appears, one should be wary of the short-term rebound's impact on bears.

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