#SOL has reached the initial expected target!
Like BTC, whether SOL has already reached a local peak here needs time to determine; currently, it is just the first encounter with resistance and consolidation phase.
It cannot be clearly stated that a top will definitely form here, but time is needed to observe whether the trend can build a top pattern or characteristics.
Of course, taking action to reduce positions and take profits on the left side here is also reasonable.
🔍 Continuing the leading edge, "the SOL bear market has stepped out of the momentum of the bull market". ❓
The following quote is my view on SOL's tweet at that time in October 2023, and in the context of almost the whole network not being optimistic about SOL, I came to the conclusion through the technical structure that the strongest target in the entire market is about to be born! The future is promising!
Similarly, the month of July 2025 has not yet arrived after nearly two years, and we are meeting the same structure again, but the structure has not yet become a climate
This structure is the ultimate bottoming type of the daily level, but it needs to meet many conditions, and it is only the embryonic stage of the bottoming type
The core lies at the end of the triangle convergence, and the trend of gradually raising at the bottom of the break cannot be broken, and if the lower edge of the break will usher in a crisis of building a big top, it may enter a long downtrend
Let's ring the bell first, focus on the subsequent development of the structure, and if there is a specific and clear view, I will share it again at that time
You can bookmark 🔖 this tweet first, and I'll update it in the comments section below
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