Xiaolong analyzed the four-hour short-term market of SOL:
After a wave of decline, a long shadow appeared, and then a pregnant line was closed, and the market entered a shock.
In the shock range, the shorts began to decrease, and the price failed to fall below the previous bottom, indicating that the support below was strong.
Bulls began to increase trading volume, and a bullish engulfing pattern appeared in the previous four-hour cycle, which is a reversal signal.
The price began to break through the previous high, indicating that bulls began to intervene and gradually strengthened. From the above analysis, it can be seen that SOL has stopped falling in the short term and is about to start a wave of rising market. At this position, there are two ways to trade: one is to wait for a breakthrough in the shock range before trading, and the other is to wait for a callback before entering the market. Here I prefer to do a breakthrough market, and I can cover my position if there is a callback.
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