SOL Laoyou recommends long and short entry positions:
Long order: around 140-145 (near the integer mark, which is also the low point of the previous band, with strong support)
Stop loss: around 138 (2 integer points below the second buying point to avoid the risk of false breakthrough)
Short order: 155-160 (near the integer mark, the historical high point area, which may generate greater selling pressure)
Stop loss: around 162 (near the 2 integer points above the second selling point to prevent false breakthrough)
You can also combine the line drawing to enter the market, I am bullish
Laoyou technical analysis:
K-line pattern: The price has been on an upward trend recently, closing positive for several consecutive trading days
After forming support near 135 in the early stage, the price has gradually risen and is currently close to the integer mark of 152
Technical indicators:
MACD: Both DIF and DEA diverge upward, and the MACD bar chart is positive, indicating that the current market is in a bull market
RSI: RSI14 is currently around 74, entering the overbought range, but there is no obvious pullback signal yet. It is necessary to pay attention to whether it continues to be in the overbought range.
EMA: Short-term EMA7 (146.433) has crossed the medium-term EMA30 (141.992) and the long-term EMA120 (141.128), showing strong upward momentum
Trading volume: The trading volume of the recent K-lines is large, especially from July 12 to July 15, with a large increase in volume, indicating that funds are flowing in actively. After the price broke through 140, the trading volume increased significantly, further confirming the upward trend.
