SOL
1-hour price trend: up. This is a 1-hour Binance SOL/USDT candlestick chart. The latest price is 137.312 USDT. The chart contains EMA, MACD, KDJ and volume indicators.
[Trading suggestions]
Buy point 1: 134.000 USDT (recent support level, lows at 13:00 and 14:00 on July 6, showing signs of price rebound)
Buy point 2: 132.000 USDT (a more conservative buy point, close to the lows from 21:00 to 22:00 on July 5, if it falls below, it may look for the next support level)
Long stop loss point: 130.000 USDT (leave enough space to avoid small fluctuations triggering stop loss, below buy point 2 and below the lowest point in the evening of July 5)
Sell point 1: 138.000 USDT (recent high, high at 16:00 on July 6, can be used as an initial profit target)
Sell point 2: 140.000 USDT (psychological barrier and slightly higher point in the current cycle, if it breaks through, it may attract more buyers)
Short stop loss point: 142.000 USDT (considering the high level of the second selling point, set a higher short stop loss point to prevent unexpected rises from causing premature stop losses)
[Price Analysis]
K-line pattern:
The recent K-line fluctuates greatly. The long lower shadow from 11:00 to 12:00 on July 5 shows strong buyer power, and then the price rebounds.
The K-line at 08:00 on July 6 is a long real body positive line, accompanied by high trading volume, indicating an increase in buying willingness.
Technical indicators:
The DIF and DEA in the MACD indicator are both in the positive range, but the MACD histogram is gradually narrowing, indicating that the bullish power may weaken.
The J value in the KDJ indicator exceeds 100, which may be overbought, and it is necessary to be vigilant about the risk of short-term price correction.
The EMA indicator shows that the 7-period EMA crosses the 30-period EMA, showing signs of a bull market, but the EMA is a lagging indicator and needs to be combined with other information for comprehensive analysis.
Trading volume:
When the price rises rapidly (such as 08:00 on July 6), the trading volume is significantly enlarged, supporting the upward trend.
The trading volume in the past few hours has been relatively stable, with no abnormal increase in volume and no obvious turning signal. If you want to learn more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to view the top of the homepage. With twelve years of professional investment research, you will be your 24-hour wealth appreciation expert, free guidance!
