Let’s take a look at the coins-SOL
[SOL Grapefruit Trend Analysis]
K-line pattern: The price has shown an obvious upward trend recently, especially the strong rise that started on September 19. Within the 4-hour period, multiple highs and lows gradually increased, showing that the bulls are relatively strong.
Technical indicators: MACD: In the 4-hour period, the MACD histogram continues to enlarge, and the DIF line crosses the DEA line and remains divergent upward, indicating that the current market is in a strong bull market.
RSI: The RSI value is currently around 68, which is close to the overbought zone, but has not yet entered an extreme overbought state. There may be a slight correction in the short term, but overall it is still bullish.
Trading volume: From the perspective of trading volume, trading volume has increased significantly since September 19, especially when the price broke through the key resistance level, it was accompanied by a large number of transactions, verifying the effectiveness of this rise. Daily trading volume also showed an obvious increase in volume, further confirming the market's bullish sentiment.
[SOL Youzi recommends long and short reference]
Long orders: around 140 - around 138 (close to the EMA7 support level, and there is strong support at the integer mark)
Suggested stop loss level: 136 (2 integer points below buying point 2 to avoid excessive retracements)
Short order: short around 145-148 (the integer mark above the current price, and also near the recent high)
Suggested stop loss: 150 (2 integer points above selling point 2 to prevent false breakthroughs)
