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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.