[SOL Technical Analysis] Is the pullback an opportunity? Key signals suggest a strong breakout may occur this evening!
Although SOL has significantly pulled back from its previous high on the 4-hour chart, the short-term trend shows a downward trajectory, with the MACD histogram remaining below the zero axis and the green bars continually extending, indicating that bears are still in control. However, upon closer observation, the market is quietly transmitting reversal signals—Bollinger Bands are gradually narrowing, indicating a contraction in volatility, and a temporary balance between bulls and bears; meanwhile, MA144 and MA169 are still steadily moving upwards, establishing solid medium to long-term support. Currently, SOL is at a critical stage of "converging consolidation, ready to take off!"
In line with the rhythm of Bitcoin, the evening SOL trading strategy suggests paying attention to long opportunities after a pullback. Once the price falls and releases selling pressure, consider positioning long orders at lower levels. Entry reference: around 200 Target looks towards: around 212 Please strictly control risks, set reasonable stop-losses, and respond flexibly to market fluctuations. #Gate重磅上线GUSD#
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[SOL Technical Analysis] Is the pullback an opportunity? Key signals suggest a strong breakout may occur this evening!
Although SOL has significantly pulled back from its previous high on the 4-hour chart, the short-term trend shows a downward trajectory, with the MACD histogram remaining below the zero axis and the green bars continually extending, indicating that bears are still in control. However, upon closer observation, the market is quietly transmitting reversal signals—Bollinger Bands are gradually narrowing, indicating a contraction in volatility, and a temporary balance between bulls and bears; meanwhile, MA144 and MA169 are still steadily moving upwards, establishing solid medium to long-term support. Currently, SOL is at a critical stage of "converging consolidation, ready to take off!"
In line with the rhythm of Bitcoin, the evening SOL trading strategy suggests paying attention to long opportunities after a pullback. Once the price falls and releases selling pressure, consider positioning long orders at lower levels.
Entry reference: around 200
Target looks towards: around 212
Please strictly control risks, set reasonable stop-losses, and respond flexibly to market fluctuations. #Gate重磅上线GUSD#