SOL Strong Fluctuations, How to Grasp the Best Rhythm for Intraday Trading?

The current price of SOL is $251.78, continuing the recent strong upward trend, with intraday fluctuations showing characteristics of high-level oscillation. From a technical perspective, $255 is a key short-term resistance above, while $245 is an important support below, with fierce confrontations between bulls and bears in the market.

Recent market sentiment is optimistic, with capital inflows driving prices higher, but short-term indicators show a decline in bullish strength, which may lead to a period of adjustment or sideways movement. Attention is needed to see if it can stabilize above $245 for the next wave of momentum.

Technical Analysis and Key Levels:

• Resistance Levels: $255, $260

• Support Levels: $245, $240

SOL has formed a high-level consolidation pattern on the hourly chart, with the MACD line tending to smooth, indicating unclear short-term direction. A breakthrough or breakdown of key levels may trigger larger fluctuations.

Short-term Contract Trading Strategy:

1. Long Strategy:

• Entry Price: $253 (confirm upon breaking $255)

• Take Profit Price: $260

• Stop Loss Price: $249

• Leverage Recommendation: 3-5 times

2. Short Strategy:

• Entry Price: $245 (confirm upon breaking)

• Take Profit Price: $240

• Stop Loss Price: $248

• Leverage Recommendation: 3-5 times

If SOL breaks above $255, it is expected to quickly surge to $260 or even higher; conversely, if it breaks below $245, it may trigger a deeper adjustment to $240 or below. Investors should focus on capital liquidity and key level breakthroughs, flexibly apply short-term strategies, and seize profit opportunities amidst fluctuations!$SOL