After the previous two days of increase, the price of SOL stood above the daily MA30 line. The price did not rise further, but a small negative line in the form of a cross star appeared, and the price fluctuated at the hourly level.
The daily MA30 line is still in a slight downward trend. It will take time for it to flatten out and then turn upward, forming an upward trend at the daily level.
If the price can fall back to near the daily MA30 line, it will be a good entry point, with the price around 207.
The market is still mainly in a narrow range of fluctuations during the day, and we expect better performance after the opening of the U.S. stock market on Monday.
Judging from the trend, SOL is still slightly stronger than Ethereum and Bitcoin. The operation is mainly low-long. In the short term, you can make short orders at the 5-15 minute level, and pay attention to stop profit in time.
Daily pressure level 226-240-270, support level 206.7-197.6-185.36-169.3
Looking at the hourly trend, the 15-30 minute rebound trend has been completed. After falling back to the 45-minute support level, the price formed a relatively weak rebound. The price will continue to fall back to the support level of the 1-hour MEA52 line.
In the short term, you can go long at 213.5 and 208.5, and go short at 224.8 and 229.8
From the SOL liquidation heat map data
The price is rising, and there are a lot of large and super large short orders waiting to be liquidated in the 218-221.6 area and the 222.8-225.4 area.
The price fell, and there were a large number of large and super large long orders waiting to be liquidated in the 213.2-196.8 area.
