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Update Plan SOL 08/08/2024
🏁 Model: SOL is currently operating within a flag pennant pattern, with gradually narrowing amplitude. Prioritize finding a breakout point and then trading, with an operating range of 110-185.
📉Sharp decline: SOL has dropped over 40% from its peak of $190 in over 8 days. If the boundary area is not determined beforehand, it is very easy to suffer losses as SOL runs stronger than other coins, with a decline of 25-30% in 2 days.
🔄 Current transaction: This week, SOL prioritizes going sideways after the price drop. Despite the recovery, SOL is not as hot as before, so don't go all-in Long. Those who went Long from 160 and SOL dropped to 110 have suffered heavy losses.
📆 Forecast: Next week may bring positive news to help the market recover. Currently, identify the range within 1-2 months and continuously update.
💬 Discussion: This is a personal perspective and point of view. If you have any opinions about SOL, let's discuss it together with everyone! Thank you for reading.
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