Following the Ethereum ETF, Sol is about to emerge and set off the market? Perhaps it will be a great opportunity to recover.
Recently, we speculated that $SOL, $XRP, and $DOGE may become the next batch of currencies to obtain ETFs. However, the possibility of SOL is increasing. Earlier, it was reported that BlackRock had started applying for the SOL ETF in July.
Yesterday, short-term stop-loss signals appeared in many currencies, indicating that a rebound is about to come. SOL has experienced 93 days of volatility. Although there have been corrections during this period, the popularity of SOL has not yet completely cooled down. Although the long-term entry risk is relatively high, there is still room for operation in the short and medium term. Today, I will use the Qianlong strategy to analyze the short-term market of SOL in four hours.
Stop-loss signal: After a wave of decline, a long lower shadow Yin line appeared, and then a pregnant line was closed, and the market entered a volatile stage.
Strong support: In the volatile zone, the short-selling force is reduced, and the price has not fallen below the previous low, indicating that the support below is strong.
Bulls are making efforts: Bulls are starting to increase their volume, and a bullish engulfing pattern appeared in the last four hours, which is a reversal signal.
Breaking through the previous high: The price began to break through the previous high, indicating that bulls are involved and their strength is increasing.
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