#币安Alpha项目公布
$SOL Latest Updates
Based on the analysis of the new chart
Current Observations
Price Trend:
Current price 208.38. The price has rebounded but is still under selling pressure, with several rejected candlesticks above.
The previous support level of 213 has been broken, and now 210 has become a minor resistance.
Indicator Situation:
Bollinger Bands: The price is slightly below the middle band, indicating insufficient upward momentum.
MACD: There is a slight bullish crossover (indicating a golden cross), but the histogram's strength is weak.
Stochastic RSI: Close to 95, indicating that the market is overbought and likely to correct.
Order Book:
There is significant selling pressure in the 208.5 to 209 range, while buy orders are concentrated around 207. This suggests a possible correction to 207 before a significant rise.
Trading Strategy
Short Selling Strategy (Recommended):
Entry: 208.5 to 209 range (close to resistance).
Stop Loss: 210.5 (above recent resistance and the middle band of Bollinger Bands).
Take Profit: 205 (the next strong support level).
Long Strategy (Risky):
Entry: If the price drops to the 205 to 206 range and shows signs of effective support (surge in volume or appearance of bullish candlesticks).
Stop Loss: 203.5 (below the support level).
Take Profit: 208.5 (resistance level).
Advice
The short-term market appears overbought, and it is recommended to short in the 208.5 to 209 range, targeting 205.
Avoid going long until clear support confirmation at 205.
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