Yueying: Popular altcoin SOL short order cashing out BNB, XRP latest short-term strategy sharing

I am Zhou Yueying, and let's take a look at today's sharing!

SOL Technical Analysis ————

The resistance at 143 for SOL accurately rebounded and retreated from the resistance level. On the daily chart, the market shows a volatile downward trend with the previous K-line closing in the red again. The market opened slightly higher today, and the Bollinger Bands continue to trend downwards, with moving averages arranged downwards. The MACD fast and slow lines continue to extend downwards, showing signs of a turn, with the volume bars fluctuating between increasing and decreasing. The KDJ has turned upward. After a slight rebound in the early hours on the four-hour chart, the Bollinger Bands are in a contracted state, and the moving averages create short-term resistance. The MACD fast and slow lines have turned upward, with the volume bars turning red and slightly increasing. The KDJ has turned upward and crossed. In a weak downward trend, one should not blindly chase after rising or falling prices. The first resistance is at 140-143, the second resistance is around 150, and short-term support is around 130. If this level is broken, then watch for the 125 level. Short-term trading should refer to resistance and support levels for entry.

BNB Technical Analysis ————

The support level mentioned above for BNB around 890-880 is currently effective, with the market rebounding at 885. From a daily perspective, the market is testing the EMA200 level and has not broken below it yet. In the short term, this support can continue to be referenced; if it breaks, we need to pay attention to the previous pin low. Although the Bollinger Bands show signs of contraction, they are currently maintaining a downward channel. In the short term, do not expect a major reversal; instead, focus on the support situation. The first resistance level above is around 940-950. If it can break and stabilize, we can look for an extension towards 980. The first support level to watch is 890-880; if it breaks, we need to pay attention to around 830. Short-term trading can consider entering based on the support and resistance levels.

XRP Technical Analysis————

The resistance level of 2.35 mentioned above for XRP has dropped a little around 2.3, but the support around 2.1 is correct. From the daily line perspective, the price has not broken below the lower edge of the range, so we will continue to treat it around the box structure in the short term. If the lower edge of the box breaks, there will be a wave of accelerated decline. Therefore, in the short term, continue to pay attention to the support at the lower edge of the box around 2.1-2.13. After breaking, we need to focus on the level around 1.88. The first resistance above is the central area of the box around 2.3-2.33, and then the upper edge around 2.5-2.52. In the short term, reference can be made to the support and resistance for entry.

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate with me to learn and operate together! Let's exchange ideas and profit together!