SOL/USDT Current Market Analysis and Trading Strategy

Market Overview

The current trading price of SOL is $190.04, with a daily increase of +1.47%. From the daily chart perspective, the price has rebounded to around MA7 ($190.54), but overall remains in the suppression range below MA25 ($206.59). The MACD indicator shows that the bearish strength is gradually weakening, indicating the possibility of a technical rebound in the short term.

Key Levels

• Support Levels: $185.00, $175.26

• Resistance Levels: $192.50, $206.59

Short-term Trading Strategy

1. Long Position Setup:

• If the price breaks through and stabilizes above $192.50, a light position can be taken to follow up on long positions, targeting $200.00 and $206.59, with a stop loss set at $190.00.

• If the price retraces and stabilizes near $185.00, a light experimental long position can be attempted, targeting $192.50, with a stop loss set at $182.00.

2. Short Position Setup:

• If the price breaks below $185.00, a light position can be attempted for a short position, targeting $175.26, with a stop loss set at $187.00.

• If it rebounds and is resisted near $192.50, a short position can be attempted, targeting $185.00, with a stop loss set at $194.00.

Market Outlook

SOL is currently in the early stage of a consolidation rebound. If it can break through the resistance at $192.50, it is expected to further open upward space. However, if it fails to break through for an extended period, it may return to test the support area at $185.00.

Daily Analysis

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