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March 17 Midday Trading Outlook
SOL attempted to break through 97 this morning but failed to hold the level and was quickly pushed down. The long upper wick on the K-line chart indicates significant selling pressure above, suggesting the bulls' momentum is losing steam. Looking at the indicators, the price just touched the upper Bollinger Band but couldn't break through, and the KDJ has formed a death cross at elevated levels. All signs point to a potential pullback in the near term.
Trading Recommendations
Short at rallies around 96-98, with targets at 92-88.
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