SOL experienced a 4.75% pullback on the 4-hour chart, with the price briefly touching a low of 124. It then rebounded supported by the lower Bollinger Band and is now stable around 126. This level overlaps with the previous support zone of 123-126, so the validity of the support can be monitored.
In terms of trading strategy, if the price retraces to the 126-123 area, consider entering long positions with an upward target of 132-138.
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1.21 SOL Analysis:
SOL experienced a 4.75% pullback on the 4-hour chart, with the price briefly touching a low of 124. It then rebounded supported by the lower Bollinger Band and is now stable around 126. This level overlaps with the previous support zone of 123-126, so the validity of the support can be monitored.
In terms of trading strategy, if the price retraces to the 126-123 area, consider entering long positions with an upward target of 132-138.