The daily line is a small negative line in the shape of a cross star, and the trading volume is only about one-third of yesterday, which is a state of shrinking and oscillating adjustment.
The daily MA30 line maintains an upward trend. Since it closed with a negative line, the MACD still shows an increasing downward momentum, and the price still closes above the daily MA30 line.
As we said yesterday, there will be a retracement and shock trend at the daily level, and it will not directly reverse in a V shape.
At present, we still have to wait for the direction of Bitcoin. As long as Bitcoin stabilizes or rebounds, SOL will be relatively strong.
Daily pressure level is 147-152-162.14, support level is 136-131.6-125-110
From the hourly level perspective, the current trend is a 4-hour level pullback, encountering a retracement trend formed by the 4-hour MA30 line.
In the short term, you can go short at 145.7 and go long at 140.
From the three-day liquidation heat map
The price is moving upwards, and there are a large number of large short orders waiting to be liquidated in the 145.149.2 area.
The price is going down, and there are a lot of large long orders waiting to be liquidated in the 140.8-131 area.
