SOL fluctuates and consolidates, and short-term volatility opportunities reappear!

The current real-time price of SOL is $240.74. The intraday fluctuations are relatively violent, reaching a high of $243.11 and a low of $236.55, showing a certain pattern of oscillation and consolidation. The current market sentiment is relatively cautious, but from a technical point of view, the price of SOL has been supported many times near $240, and it may face a wave of breakthroughs or adjustments in the short term.

Support and resistance:

Support level: $236.55 is the intraday low. If the price of SOL falls below this position, it may further fall to around $230, forming a stronger support. Resistance level: $243.11 is today's high. If SOL breaks through this point, it may challenge the resistance level of $245, thereby driving the price up.

Bollinger Band Analysis:

The current price of SOL is near the middle track of the Bollinger Band, and the oscillation trend is relatively obvious. A breakthrough may occur in the short term. If the price breaks through the upper track of the Bollinger Band (about $243), it may usher in a wave of upward market. If it falls below the lower track (about $236), there may be a large room for a correction.

RSI indicator:

The current RSI is around 55, the market sentiment is neutral, and there is no obvious buying or selling pressure in the short term. If the RSI breaks through 60, it means that buying is gradually taking the lead, and the price may rise to $245 and higher.

Buy strategy:

Entry position: When SOL breaks through the high of $243.11 and stands firm at this position, you can consider going long, with a target price of $245 and $250. Stop profit position: The short-term target price is $245. If it continues to rise after the breakthrough, you can follow up moderately and gradually adjust the stop profit to $250. Stop loss position: If the SOL price falls below $236.55 and continues to decline, stop loss and exit in time to avoid further losses.

Short-selling strategy:

Entry position: If the SOL price fails to break through $243.11 and falls back below $236.55, you can consider shorting, with target prices of $230 and $225. Take-profit position: The target price is $230. If the price falls further, shorts can moderately lock in lower profits. Stop-loss position: If SOL breaks through $243.11 and continues to rise above $245, stop loss should be exited in time. $SOL