SOL four-hour chart observation: looking for direction in the 126-144 range after a fall with higher trade volumes.

[Coin World] has been watching the 4-hour chart of SOL, and the recent fall has been quite severe.

Something started to feel off from 12 PM on November 30. The bearish candle at 4 PM directly broke through the low point at 8 PM, with a large bearish bar coming down and increasing trading volume—this is a typical case of a volume increase during a fall, and selling pressure has clearly intensified. The last K-line closed lower than the opening price, indicating strong bearish sentiment.

From a technical perspective, several indicators are observed: the MACD is currently in a somewhat awkward position, having not formed a clear trend, but the histogram has been in the negative territory and is getting longer, indicating that the bearish forces are strengthening. The KDJ has formed a death cross, but the value is still around 76, which can be considered a neutral to slightly bearish state. On the other hand, the RSI has fallen below 30, which theoretically suggests that there may be a technical rebound opportunity in the oversold area.

The current price is fluctuating between 126.97 and 143.99. If you want to buy the dip, the first buying point can be around 126.97, and conservatively 131.0 is also fine, with a stop loss set below 126.34. If you want to short, 143.99 and 143.0 are two resistance levels, and it's safer to place the stop loss above 144.71.

Key support at 131.0, key resistance at 143.0, short-term high at 143.99, low at 126.97. This position is somewhat like testing the bottom, but the trading volume is declining along with the price, so we need to observe further whether it will continue to break down.