#sol


From the 4-hour chart, the Bollinger Bands are currently expanding outward, and the market is experiencing oscillations above the middle band. The resistance point above is at MA30, corresponding to a price of 126.3. Despite multiple attempts to push higher over several days, the price has failed to break through this MA30 resistance. Currently, the 4-hour chart shows four consecutive bullish candles, with trading volume gradually decreasing. Caution is advised for a sharp decline after a sudden surge.
The MACD indicator has formed a golden cross below the zero line, and the divergence value is widening, indicating potential for further upward movement. However, the market is currently dominated by a bearish trend.
The RSI indicator's buy line has entered the overbought zone. If the subsequent market momentum strongly breaks through and stabilizes above the 129--130 range, a reversal may occur. The weekly resistance point is at 130.3, and the daily resistance point is at 129.4.
After breaking through 129, consider opening a short position with a stop-loss at 132. The entry point for adding to the position is between 130--131, with a stop-loss at 132.
For long positions, if the price retraces without breaking below 123.8, hold the initial long. If it breaks below, go long at 121.3, with a stop-loss at 120.
Today, SOL has moved 9 points, which is within the normal intraday fluctuation range of 8--10 points. In cases of larger market volatility, fluctuations can reach 12-18 points.
SOL-0.97%
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