Candlestick Patterns:
Recent candlesticks show a clear oscillating trend, with signs of price correction at high levels.
After the large bullish candlestick on December 11, there have been several days of bearish closes, indicating heavy selling pressure above.
Technical Indicators:
MACD: Both DIF and DEA are heading down, and the MACD histogram is negative and gradually increasing, indicating strengthening bearish momentum.
RSI: Currently, the RSI is at 47.6, close to the neutral zone, but has a downward trend, which may continue to adjust in the short term.
EMA: Current price is below EMA7 (225.5), but still above EMA30 (225.0) and EMA120 (188.9), short-term is weak, but the medium to long term remains bullish.
Trading Volume:
On December 10 and December 09, trading volume significantly increased and then decreased, indicating that market sentiment has cooled down.
The trading volume has decreased in recent days, indicating a strong wait-and-see sentiment, with weak willingness for funds to enter the market.
[Buy and Sell Points]
Buy Point One: 215 USDT (Close to the low point on December 10, integer support level)
Buy Point Two: 210 USDT (Further probing into a stronger support area, near the bottom of the previous fluctuation range)
Long Position Stop Loss Point: 205 USDT (Confirming trend reversal after breaking the psychological barrier of 200 and Buy Point Two)
Sell Point One: 230 USDT (Close to recent high, potential selling pressure exists)
Sell Point Two: 235 USDT (Resistance level above after breaking short-term resistance)
Short Sell Stop Loss Point: 240 USDT (Exceeding Sell Point Two and breaking important resistance)
In the end, it is still a bull market in the long term, so everyone should hold steady and not exit easily.
$SOL (Spot)
$SOL (Contract)
