Reviewing yesterday's recap, SOL's overall trend compared to BTC shows relatively strong performance. After failing to break the 130 resistance level, it declined back to the low of 122, bottomed out and rebounded, reaching 123 this morning. SOL Analysis 1-Hour Bollinger Bands opening downward corresponding to prices 127, 124, 120. 4-Hour Bollinger Middle Band trending downward. The 4-Hour Bollinger Bands opening closing corresponds to prices 124, 127, 121, with the 4-Hour Bollinger Middle Band trending upward. MA Moving Averages: In the 1-hour chart, the price is below MA5, above the lower band, with MA5 crossing below MA10, the middle band, MA30, MA60. SOL is moving upward without breaking the middle band, and MA5, downward without breaking the lower band. In the 4-hour chart, the price is below MA5, above the lower band, with MA5 crossing below MA10, MA30, MA60. SOL is moving downward without breaking the lower band, and upward without breaking MA5. MACD The 4-hour double lines are below the zero axis, with the fast line crossing below the slow line, forming a death cross, indicating increasing bearish momentum. The 1-hour double lines are below the zero axis, forming a death cross, indicating decreasing bearish momentum. RSI Indicator: 1-hour RSI in overbought zone at 71, 76. 4-hour RSI in oversold zone at 1, 2. Summary: Sideways market Resistance levels: 126, 128 Support levels: 122, 120 High Short Strategy: If the price fails to break above 126, establish a short position. Add to the short at 128, first take profit at 122, second at 120. Low Long Strategy: Long position at 122, add to long at 120, first take profit at 124, second at 126.
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December 30th SOL Analysis
Reviewing yesterday's recap, SOL's overall trend compared to BTC shows relatively strong performance. After failing to break the 130 resistance level, it declined back to the low of 122, bottomed out and rebounded, reaching 123 this morning.
SOL Analysis
1-Hour Bollinger Bands opening downward corresponding to prices 127, 124, 120. 4-Hour Bollinger Middle Band trending downward. The 4-Hour Bollinger Bands opening closing corresponds to prices 124, 127, 121, with the 4-Hour Bollinger Middle Band trending upward.
MA Moving Averages: In the 1-hour chart, the price is below MA5, above the lower band, with MA5 crossing below MA10, the middle band, MA30, MA60. SOL is moving upward without breaking the middle band, and MA5, downward without breaking the lower band. In the 4-hour chart, the price is below MA5, above the lower band, with MA5 crossing below MA10, MA30, MA60. SOL is moving downward without breaking the lower band, and upward without breaking MA5.
MACD
The 4-hour double lines are below the zero axis, with the fast line crossing below the slow line, forming a death cross, indicating increasing bearish momentum. The 1-hour double lines are below the zero axis, forming a death cross, indicating decreasing bearish momentum.
RSI Indicator: 1-hour RSI in overbought zone at 71, 76. 4-hour RSI in oversold zone at 1, 2.
Summary: Sideways market
Resistance levels: 126, 128
Support levels: 122, 120
High Short Strategy: If the price fails to break above 126, establish a short position. Add to the short at 128, first take profit at 122, second at 120.
Low Long Strategy: Long position at 122, add to long at 120, first take profit at 124, second at 126.