From SOL's 4-hour K-line chart, the current quote is 188.13, with the market overall in a medium-term downtrend, but short-term prices show some signs of stabilization. Recently, the 175-190 range has been tested multiple times for support, indicating strong buying power below.
1. Moving Average System
MA7 (185.45): The short-term moving average is flattening slightly upward, indicating that short-term rebound momentum is increasing.
MA30 (189.29): The medium-term moving average is trending downwards, and short-term price rebounds face pressure.
MA100 (213.16): The long-term moving average continues to suppress, indicating that the overall trend remains downward.
2. K-line Patterns
After probing the price down to 175.20 yesterday, it quickly rebounded, forming a long lower shadow, indicating strong support in the 175-180 range.
The current price has broken through the short-term resistance at 185 and is approaching the MA30 resistance level (around 189), with bullish and bearish forces tending to balance.
3. Technical Indicators
RSI: Positioned around 50, indicating that the market is in a somewhat strong consolidation state.
MACD: The fast and slow lines are forming a golden cross below the zero axis, and the red bars are gradually increasing, indicating that short-term rebound momentum is gradually strengthening.
4. Volume Analysis
Trading volume has slightly increased compared to yesterday, but has not significantly expanded, indicating that the rebound lacks strong momentum and requires continuous attention to changes in volume.
Today's Trading Advice
Direction: Mainly low long positions, beware of short-term pullbacks
Opening Position: 186.00-188.00 (lightly going long near the current price)
First Take-Profit Level: 193.00 (near the previous high point of fluctuations)
Second Take-Profit Level: 197.00 (medium-term resistance area)
Stop-loss Level: 183.00 (stop-loss if key support level is broken)
Yesterday's Situation: SOL rebounded after testing the 175.20 support, indicating that bulls are relatively active at the lower levels.
Today's Prediction: If the price can effectively break through 189.00 (MA30), there is a short-term potential to challenge the 193-197 resistance area; if blocked at 189, it may pull back to 185, or even test the 180 support again.
Support Level Selection: 175-180 is a strong support area recently, and the lower shadow line yesterday verified the buying power in this range. 185 is a short-term support suitable for adding positions during pullbacks.
Resistance Level Selection: 189-193 is a short-term resistance area, and breaking through will further test 197. 200 is a psychological barrier, and if trading volume increases and holds above 200, the trend may reverse.
Consolidation Possibility: If the price fails to break through the 189-193 area, it may continue to consolidate in the 175-193 range.
Upper pressure risk: The 189-193 area has significant resistance, breaking through requires volume support.
Pullback Risk: If the price falls below 183, it may further probe down to 175-180.
Market News Risk: External news may significantly impact SOL's short-term trend, requiring ongoing attention.
SOL is currently in a short-term rebound phase. Operations can be carried out with light positions in the 186-188 area, targeting the 193-197 area. Close attention should be paid to changes in trading volume and breakthrough of resistance levels, while strictly executing stop-loss and take-profit strategies to mitigate risks from market uncertainties.
