Current market analysis and trading suggestions for SOL
The rebound momentum of SOL is currently clearly insufficient. Observing the hourly chart, the Bollinger Bands continue to open downward, with the middle and lower bands moving down together, providing a clear guide for the downward direction; although there have been multiple attempts to rebound during the session, the price has been unable to effectively break through the pressure level of the middle band of the Bollinger Bands, indicating that the current bullish strength is extremely weak, making it difficult to organize an effective counterattack. On the daily chart, the signals of weakening trends are more pronounced. The previous key support level has been successfully breached, and recently, during the price rebound, the trading volume has gradually decreased, forming a typical "volume-price divergence." This structure is categorized as a "weak rebound" in technical analysis, indicating that the current recovery is merely a short-term adjustment within the downtrend, not a signal of trend reversal. Therefore, the strategy should still focus on short positions. Suggestion: Short position layout range: 198-208 Downward target: look successively at 188-178#sol
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Current market analysis and trading suggestions for SOL
The rebound momentum of SOL is currently clearly insufficient. Observing the hourly chart, the Bollinger Bands continue to open downward, with the middle and lower bands moving down together, providing a clear guide for the downward direction; although there have been multiple attempts to rebound during the session, the price has been unable to effectively break through the pressure level of the middle band of the Bollinger Bands, indicating that the current bullish strength is extremely weak, making it difficult to organize an effective counterattack.
On the daily chart, the signals of weakening trends are more pronounced. The previous key support level has been successfully breached, and recently, during the price rebound, the trading volume has gradually decreased, forming a typical "volume-price divergence." This structure is categorized as a "weak rebound" in technical analysis, indicating that the current recovery is merely a short-term adjustment within the downtrend, not a signal of trend reversal. Therefore, the strategy should still focus on short positions.
Suggestion:
Short position layout range: 198-208
Downward target: look successively at 188-178#sol