SOL Market Analysis 20241203
Today's daily line is a bearish candle with upper and lower shadows, and the trading volume is more than double that of yesterday, clearly indicating a downward fluctuation.
The daily MA30 line is still climbing, but the MACD has started to drop below the zero line, nearing the zero line.
The price has dropped to the MA30 line, where it has found support, and then it rebounded slightly, but the rebound strength is not strong, so it is estimated that it will fluctuate for a few more days until the MACD approaches the zero line and gathers enough momentum for another daily level rebound.
It is important to note that if Bitcoin drops, SOL will definitely follow. If the price drops to the range of 206 to 210, that would be a good opportunity to get in, allowing for a significant rebound.
The daily level resistance points are at 238, 247.3, 270, 283, 300, and 315, while the support points are at 218.5, 206, and 185.3.
Looking at the hourly level, it is currently in a rebound from the daily MA30 line, specifically in a pullback on the 30-minute chart.
In the short term, 220 and 210 can be used for long positions, while 230 and 239 can be used for short positions.
Additionally, from the three-day Manhattan heat map,
When the price is rising, there are many large short orders waiting to sell in the range of 230.4 to 237.4, and 239.6 to 246.4;
When the price is falling, there are many large long orders waiting to buy in the range of 219.8 to 215.6.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where a projected return of more than 10 times is not a problem. If you want to make big money in a bull market, like and leave a comment, and I will help you layout the entire bull market!
