[SOL] Clinton Daily Analysis July 3rd $SOL

24-hour trend [down]

[Buy and sell points]

Buy point 1: 135 USDT (near the previous low, close to the support level of June 25 and June 26)

Buy point 2: 130 USDT (further down to the low point area of ​​June 24, with strong buying support)

Buy stop loss point: 127 USDT (slightly lower than the lowest point of 121.4 on June 24, to prevent false breakthroughs)

Sell Selling point 1: 150 USDT (close to the recent high, the pressure level of July 2 and June 27)

Selling point 2: 155 USDT (higher pressure level, close to the high of June 13)

Short stop loss point: 158 USDT (slightly higher than the high of 151.747 on June 16 and June 17, to prevent false breakthroughs)

[Price trend analysis]

K-line pattern:

Recent price fluctuations are large, with multiple long upper and lower shadows, indicating that there is a strong buying and selling force confrontation in the market. In recent days, a high-level decline trend has been formed, with obvious upper and lower shadows on July 2 and 3, respectively, showing that there is selling pressure at high levels.

Technical indicators:

MACD: Both DIF and DEA are negative, but the MACD histogram is gradually shortening, indicating that the short-selling force is weakening and there is a possibility of turning to longs. RSI: RSI14 is currently at 46.985, close to the neutral area, and has not entered the overbought or oversold range. Subsequent changes need to be paid attention to. EMA: The current price of 141.937 is lower than EMA7 (144.590), EMA30 (146.550) and EMA120 (145.554), indicating that the short-term, medium-term and long-term trends are all bearish.

Volume:

The overall volume has been declining since June 27, especially on July 3, the volume decreased significantly, indicating that market participation has decreased. The abnormally large volume on June 28 and June 24, accompanied by violent price fluctuations, shows that funds are frequently flowing in and out.

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