The price action of SOL looks lackluster, hovering around 126 and stuck in a range.
Currently, the price is being suppressed by the middle band of the Bollinger Bands at 132.6, and the RSI is consolidating weakly around 36, making it difficult for a short-term breakout to the upside. The good news is that the support at 120.4 below is still solid, so it should continue to fluctuate within this range.
Key levels: 123.5 is short-term support below, and 120.4 is strong support 130-132 is the resistance zone above
Trading strategy: Go long with a light position near 124-125, stop loss at 122, target 128-130 Go short on a rebound to 130-132, stop loss at 135, target below 126
Don’t chase trades right now; wait until the price is near the range edges before taking action. #美联储会议纪要将公布
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The price action of SOL looks lackluster, hovering around 126 and stuck in a range.
Currently, the price is being suppressed by the middle band of the Bollinger Bands at 132.6, and the RSI is consolidating weakly around 36, making it difficult for a short-term breakout to the upside. The good news is that the support at 120.4 below is still solid, so it should continue to fluctuate within this range.
Key levels:
123.5 is short-term support below, and 120.4 is strong support
130-132 is the resistance zone above
Trading strategy:
Go long with a light position near 124-125, stop loss at 122, target 128-130
Go short on a rebound to 130-132, stop loss at 135, target below 126
Don’t chase trades right now; wait until the price is near the range edges before taking action. #美联储会议纪要将公布