Today's trend is quite interesting. $SOL
On the daily chart, a fairly long bearish candle has formed, with the lower shadow extending over 14%. The trading volume is still three times that of yesterday, and this decline is quite vigorous.
The MA30 line is still rising, but it seems to be flattening out a bit, and the price has already dropped below it. The MACD is above the zero line, indicating that the downward momentum is getting stronger.
When Bitcoin drops, the daily chart suffers too, directly dropping to the EMA52 line, even piercing through it, almost breaking that key level of 200. Fortunately, there is support, and it quickly rebounded.
Next, the daily chart is likely to oscillate between the two blue lines for a while. If it rises further, it will have to come back to this range to wander around until the K-line indicators and momentum recover, then continue to push upward.
For the spot bought at a low price, we just hold on and do not sell; a decline is an opportunity to pick up bargains.
The daily level resistance points are at 233, 270, 283, 300, 315, 331, and the support points are at 210, 202.3, 187.4.
On the hourly chart, we are now in the small rebound of 10 to 15 minutes at the EMA52 line.
For short-term operations, we can try to short at around 226, and in the range of 213.7 to 204.6, whichever position is lower, we can go long there.
Looking at the Paris heat map for the last three days, when the price is rising, there are many large short orders piled up in the areas of 221.4 to 229.2, 231.2 to 236.2, and 238.2 to 247.
When the price drops, over in Seattle, most of the large and huge long orders have disappeared, and there are not many long orders queued up.
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. An expected space of over 10 times is not a problem. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market!
