August 12 SOL trading strategy analysis

Interpretation of Market Conditions

The current SOL price is fluctuating between 164.40 and 186.76, with trading volume continuing to shrink significantly, reflecting a lack of market participation sentiment. The short-term trend signal is weak, and both bulls and bears are temporarily in a stalemate.

Technical signal analysis

The moving average system shows a tangled state, with short-term and long-term moving averages interweaving, indicating a lack of clear trend guidance in the near term.
The price has fallen below the support of both short-term and long-term moving averages, indicating a bearish tendency from a technical perspective.
At the same time, there is a engulfing pattern on the chart, which signals a potential bullish reversal possibility, and caution is needed regarding the shift in bullish and bearish forces.

trading strategy reference
Consider laying out long positions in the range of 176.4.
The target price should be flexibly grasped in conjunction with real-time market dynamics, and it is recommended to set a reasonable take profit. #TOKEN OF LOVE 重磅回归