After a wave of hourly-level rebound, SOL's price has experienced a wave of hourly-level decline, with the daily line forming a long-bodied bearish candle. The price has once again retraced to the daily MA120 line, which was mentioned yesterday as having strong support. Therefore, when the price reaches here, a rebound is likely to occur.
It is important to note that if there is still no significant rebound in the next two days, especially on Monday, the price will further decline to the 152-168.5 range to seek support. This range is a strong support level on the weekly chart, and when the price reaches this range, there will definitely be a decent rebound.
Today's trend is expected to show weak fluctuations while waiting for the opening of the US stock market tomorrow.
Daily level resistance at 210.3-225.2-240-270, support at 178.2-169.3-152.3-168.5.
The hourly level is experiencing a 2-hour pullback with the 15-minute pullback not having activated yet. The price will still push up a bit to the 15-minute EMA52 line before declining again.
In the short term, short positions can be taken at 184.1 and 191.4, and long positions can be taken at 178.2.
According to SOL's liquidation heat map, we can see that
Prices have risen, with some large short positions waiting to be liquidated in the 185.2-194.3 range.
Prices have dropped, with some large long positions waiting to be liquidated in the 178.2-172.8 range.
