Long-term trend: The overall trend of SOL remains downward, but a phase bottom support is forming around 175.20, with signs of rebound.
Short-term trend: Recently, the price fluctuates in the 190-195 range and breaks through the short-term moving average (7-day MA), with bulls gradually taking the initiative, but attention is still needed on the pressure above.
Support level:
First support level: 190.00 (near 7-day moving average, previous support area)
Second support level: 185.00 (lower bound of the fluctuation range, strong support for short-term pullback)
Resistance level:
First resistance level: 200.00 (30-day moving average resistance level)
Second resistance level: 210.00 (previous high point and near 100-day moving average resistance)
Volume observation: Trading volume starts to expand at a low level, indicating that bulls are gradually accumulating near key support levels (175-190), with a high probability of rebound.
Yesterday's trend review: Yesterday, SOL fluctuated within the 185-195 range, breaking through 190 at the end and stabilizing, indicating bulls have intentions for further upward action.
Strategy logic: SOL stabilizes and rebounds at a low level, currently in a short-term upward fluctuation pattern, with bulls attempting to break through the resistance area (200). If the trading volume cooperates, further upward space can be expected.
Today's forecast direction: Fluctuating upwards, bulls dominate
Open position: 190.00-192.00
First take profit level: 200.00 (30-day moving average resistance level)
Second take profit level: 210.00 (100-day moving average resistance level)
Stop-loss level: 185.00 (exit if support is broken to avoid larger losses)
RSI indicator: RSI is above 50, indicating strong rebound momentum, but has not yet entered the overbought area, leaving room for short-term upward movement.
MACD indicator: DIF and DEA form a golden cross, the momentum bar turns from green to red, and bullish strength gradually increases.
Bollinger Bands observation: The current price is close to the middle band of the Bollinger Bands, if it breaks upward (around 200), it is expected to open up space for the upper band.
Dynamic adjustment: If the price quickly breaks through 200.00, consider moving the stop-loss level up to around 190.00 to protect profits.
The strategy is based on current technical analysis and historical data, the market has uncertainties, and real-time market changes and key data should be closely monitored to control positions and risks, and to set reasonable take profit and stop-loss levels.
The price is climbing, and the trend is changing. How to seize the best entry point? Focus on the expert and be a pioneer in trading!
