SOL: Key points determine the market trend, and the signs of long and short conversion are beginning to emerge
SOL mentioned last night that if it can successfully stand above 236, then the 4-hour level will start a rebound upward trend. After successfully breaking through this point in the early morning, it directly broke through the second pressure level, and the current 4-hour level is still in a rebound market.
Today, we need to pay close attention to the key position of 238.5. If the 4-hour level closes firmly above it, then the 4-hour level rebound market will continue. The upper pressure level and target level of the rebound need to pay attention to the range near 243.7, 248.5 and 252.3.
(Once 243.7 is successfully established, the 4-hour level market will turn into a reversal bull market.)
If the 4-hour level falls below the key point of 238.5, and the subsequent rebound is unable to rise again, then this wave of rebound market will be declared over, and the market will turn downward. The support level below that continues to fall should pay attention to the area around 235.3, 232 and 227.5. $SOL