SOL's recent trend showed a clear downward trend until the price gained support near 133 and began to rebound gradually.
The multiple moving averages shown in the candlestick chart, including MA5, MA10 and MA30, are currently showing signs of gradually turning upward, and the price is above the moving average system in the short term. This shows that short-term market sentiment has improved and bulls intend to continue to push up prices. In particular, MA5 (short-term moving average) has been glued to the price, indicating that short-term support is strong.
After experiencing the previous bottoming rebound at 133 points, the recent candlesticks showed obvious positive lines, and the positive line entities gradually enlarged, indicating that bulls gradually took the lead.
Operational suggestions
SOL is likely to maintain a small upward shock today, with the goal of breaking through the 150-point resistance, but considering the lack of volume, today's increase should not be overly expected.
Short-term long order layout: If the price can be maintained above 140 points, you can intervene in long orders with a light position, with the target at 150 points, and aggressive ones can see 155 points. Stop loss: below 137 points to prevent a sudden reversal of the market.
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