Solana has shown strong upward momentum in the past 24 hours, with a gain of 2.94%, and the price has already touched the previous high near $140. From a technical perspective, short-term bullish signals are evident, and the moving averages are arranged in a typical bullish pattern. However, it should be noted that the current price is close to the previous resistance zone, and there is a possibility of a technical pullback in the future.



From a trading standpoint, it is recommended to adopt a light position to test long positions. But the prerequisite is to strictly implement stop-losses and not to hold onto false hopes. Wait until the price effectively breaks above $140 and forms a clear breakout before considering gradually increasing positions, which can help avoid losses from fake breakouts.

Risk management is crucial. It is recommended to keep each position between 10%-20%, so even if the market moves unexpectedly in the opposite direction, it won't cause significant damage. The stop-loss can be set at $137.50; if it breaks below that, exit decisively. If the price confirms a breakout above $140, the take-profit target can be set at $142.

Remember, don't be too aggressive before a confirmed breakout; protecting your principal is the top priority.
SOL0.23%
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AlgoAlchemistvip
· 5h ago
The false breakout probability at this level of 140 is quite high. I'm still observing... Last time I got swept and took a loss.
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GateUser-373a3700vip
· 17h ago
Sol trash dog whales really can control the market. I went short on Bitcoin and Ethereum, and they kept pushing the price up. Tried several times and all ended in liquidation—got trapped as soon as I entered. Never touching this kind of whale pump-and-dump scheme again. If I don't enter, it just follows the overall market.
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gaslight_gasfeezvip
· 18h ago
Is it that same 140 trick again? Can it really be broken this time? I'm a bit skeptical.
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DAOdreamervip
· 18h ago
It's the same old tune again. Whether we can get past this 140 hurdle remains a question mark.
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DuckFluffvip
· 18h ago
The 140 hurdle is here again, as always, don't think about going all-in.
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AirdropHarvestervip
· 18h ago
The $140 level is indeed prone to setbacks. I'm now reducing my position and waiting for a breakout signal.
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GasFeeNightmarevip
· 18h ago
Position 140 is indeed risky; the probability of a false breakout is quite high.
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