September 20, 2024 [In-depth analysis of SOL's two-hour trend]
Price dynamics: The recent price trend of SOL shows a positive upward momentum, especially on September 19 and 20, the market momentum has increased significantly. On September 19, the market witnessed a breakthrough long positive line, breaking through the previous high. Although it fell back on September 20, the overall price remained at a high level.
Technical analysis indicators:
MACD indicator: The MACD histogram remains positive, and the DIF line continues to rise after crossing the DEA line, which reflects that the market is currently dominated by bulls.
RSI indicator: The RSI value is currently 67.982, close to but not touching the overbought area, suggesting that the market may face a short-term adjustment.
EMA indicator: EMA7 (141.688), EMA30 (137.163), and EMA120 (134.519) are all in a bullish arrangement, which provides solid upward support for prices.
Trading volume analysis: The trading volume on September 19th surged to 2547231, indicating that a large amount of funds flowed into the market, driving the rapid rise in prices. Although the trading volume on September 20th fell back, it was still at a high level, indicating that the market activity remained good.
【Trading Strategy】
Buy strategy 1: 137 USDT (close to the EMA30 support area, and also a potential support point formed by the previous high point)
Buy strategy 2: 135 USDT (close to the previous band low, with strong buying support)
Stop loss point: 133 USDT (slightly lower than the previous low to prevent false breakthroughs)
Sell strategy 1: 145 USDT (integer mark, close to the recent high, there may be selling pressure)
Sell strategy 2: 148 USDT (further rise to a higher integer mark, may encounter greater selling pressure)
Stop loss point: 150 USDT (slightly higher than the previous high to prevent false breakthroughs)
SOL's two-hour trend: showing an upward trend
Please note that the above analysis is for reference only. When trading, please make decisions based on real-time market conditions and personal risk tolerance.
