February 3 $SOL Silk Road



The daily chart's head and shoulders pattern is very clear, with all moving averages across different timeframes trending downward. The price has been consistently suppressed from rebounding. Recently, even when there has been a rebound, the trading volume hasn't kept up, and it’s still facing resistance from medium- and long-term moving averages. The medium-term downtrend has not changed at all, and the likelihood is that it will continue to fluctuate downward.

For trading, it is recommended to watch the range of 105-108 for a head and shoulders pattern, with the initial target at 98-93. $SOL
SOL-4,08%
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