Based on the current SOL Technical Analysis and market data, the following operational suggestions are provided:
📊 Current Status The current price of SOL is $199.49, down 0.75% in the last 24 hours, with a weekly increase of 5.97%.
🔴 Technical signals are bearish The 1-hour Super Trend shows a continuous sell signal. RSI is around 50, momentum is neutral to weak. The price is below the EMA moving average system, indicating a weak short-term trend. The trading volume has shrunk to 270,000, lacking support from buyers.
📈 Key Position Support level: $194.19 (recent low) Resistance level: $202-$204 range The daily super trend support is at $168.97.
💡 Operation Suggestions Short-term strategy: It is recommended to wait and see or to short with a light position. Consider reducing positions as it rebounds to around 202 USD. Breaking below the support of 194 dollars requires a stop loss.
Medium-term strategy: wait for a better entry opportunity Buy in batches when the price pulls back to the $185-190 range. Break above $205 to confirm reversal and chase the rise.
⚠️ Risk Warning Market sentiment has shifted from panic to neutral, but the technicals still appear weak. It is advised to control positions and set strict stop losses 🎯
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Based on the current SOL Technical Analysis and market data, the following operational suggestions are provided:
📊 Current Status
The current price of SOL is $199.49, down 0.75% in the last 24 hours, with a weekly increase of 5.97%.
🔴 Technical signals are bearish
The 1-hour Super Trend shows a continuous sell signal.
RSI is around 50, momentum is neutral to weak.
The price is below the EMA moving average system, indicating a weak short-term trend.
The trading volume has shrunk to 270,000, lacking support from buyers.
📈 Key Position
Support level: $194.19 (recent low)
Resistance level: $202-$204 range
The daily super trend support is at $168.97.
💡 Operation Suggestions
Short-term strategy: It is recommended to wait and see or to short with a light position.
Consider reducing positions as it rebounds to around 202 USD.
Breaking below the support of 194 dollars requires a stop loss.
Medium-term strategy: wait for a better entry opportunity
Buy in batches when the price pulls back to the $185-190 range.
Break above $205 to confirm reversal and chase the rise.
⚠️ Risk Warning
Market sentiment has shifted from panic to neutral, but the technicals still appear weak. It is advised to control positions and set strict stop losses 🎯