Yesterday's Market Review

  • Yesterday, SOL rebounded strongly from a low of 200 points to around 227, but there was an obvious lack of volume during the rebound, indicating that there is still great uncertainty in the market in the short term.

  • Key performance:

    • The 4-hour chart shows that the price is close to the MA30 (about 233) suppression position, and there is heavy resistance above.

    • The MACD indicator formed a golden cross at a low level, but the volume of the red bar chart weakened, indicating that the bullish momentum was gradually weakening.

    • The RSI indicator rebounded from yesterday's oversold area (below 30) to the neutral area (around 50), but the rebound was not strong.

Today's SOL market forecast

According to yesterday's rebound strength and technical indicators, it is expected that SOL's trend today may show the following two characteristics:

  1. Short-term volatility is bearish: the price may be under pressure and pullback in the 227-233 range, and the support below is 220-215.

  2. Large range consolidation: If it fails to break through the suppression of 233, it may maintain a range of 200-233.

Key technology analysis

  1. Moving average system:

    • MA7 and MA30 form a short arrangement, and the short-term rebound pressure is relatively large.

    • MA100 (about 240) is a strong resistance level in the longer term.

  2. Bollinger Bands:

    • The price is currently near the middle track of the Bollinger Band. If it cannot effectively stand above the middle track (233), it may fall again to the lower track (about 215-220).

  3. Volume observation:

    • Yesterday's trading volume did not increase significantly, indicating that market sentiment was cautious and the rebound was limited.

Today's operation suggestions

Short-selling strategy (oscillation callback)

  • Entry range: 230-233

  • First stop profit level: 220

  • Second stop profit position: 215

  • Stop loss: 235

Long Strategy (Key Support Bounce)

  • Entry range: 215-220

  • First stop profit level: 225

  • Second stop profit position: 230

  • Stop loss: 210

Today, SOL may continue to fluctuate, with short-term bears dominating, but there is strong support in the 215-220 area, so pay attention to the rebound in this area. In terms of operation, it is recommended to focus on high-altitude trading and low-long trading, strictly control risks, and avoid chasing ups and downs.

Insight into the market rhythm is the beginning of controlling wealth! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Follow Lao Tan and never let the opportunity slip away!
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