SOL today's market analysis:
1. K-line pattern:
- The price has recently fluctuated between 126 and 128, failing to break through the previous high.
- Multiple K lines with long upper shadow lines appeared on the daily K line, indicating heavy selling pressure from above.
2. Technical indicators:
- MACD: Both DIF and DEA are negative in the hourly chart, but the MACD histogram is gradually shortening, indicating that the downward momentum is weakening and a golden cross may be formed.
- RSI: The current RSI14 is close to 50, in the neutral zone, with no obvious overbought or oversold signals.
- EMA: The price fluctuates around EMA7, EMA30 and EMA120 are arranged in a short position, and the short-term trend is weak.
3. Trading volume:
- The overall hourly trading volume has decreased, and the market has a strong wait-and-see sentiment.
- After a sharp increase in volume on September 6, daily trading volume fell significantly on September 7, showing a decrease in capital inflows.
【Buy and sell point】
- Buying point one: 125 USDT (close to the previous low, and there is support at the integer mark)
- Buying point two: 123 USDT (further close to the previous swing low of 124.1, with strong support)
- Long stop loss point: 122 USDT (after falling below the previous low of 124.1, set a stop loss near the next integer)
- Selling point one: 128 USDT (close to the recent high, and there is pressure at the integer mark)
- Selling point two: 130 USDT (the integer mark pressure after breaking through the previous high of 129.997)
- Short selling stop loss point: 131 USDT (stop loss will be set near the previous integer after breaking through the previous high of 130.784)
