SOL Market Analysis
From the candlestick perspective, the market has now approached the support level, and there are signals of a stop in the small timeframe, but we need to wait for the larger timeframe to provide an entry signal;
From the MACD analysis: the fast and slow lines are below the zero line, indicating that the market is at a short-term bottom area, and we need to wait for the MACD to show a golden cross signal before entering.
From the RSI analysis: the fast line has shown an index below 20 twice, and now the market is turning upwards, showing a reversal in the small timeframe.
Summary: The short-term has reached a bottom, and the small timeframe market has started to rebound. The market will oscillate in the bottom area over the next couple of days, and after a second bottom test, an upward trend will begin.
Entry Position: 180-190, Take Profit 1: 220; Take Profit 2: 250
Follow Yixuan Pavilion, and you won't lose your way in trading!!!
