On the evening of 11.23
The current position of sol is at 129.7. From the 1-hour K-line chart, it is currently in an upward oscillation trend; a rapid surge recently occurred, touching a high of 131.84 before retreating, followed by oscillation around 129.60. This indicates that the price has encountered certain pressure at a high level and has entered a short-term consolidation phase.
Currently, it is between the middle and upper bands of the Bollinger Bands, with the middle band trending upwards, indicating that it is in an ascending channel.
KDJ Indicator: The J value is trending downwards, indicating a short-term need for a correction.
MACD is at 0.25, the red bars are still ongoing, but the value is relatively small, indicating weak bullish strength. In the short term, the price is in a high-level consolidation phase of the ascending channel.
The upper Bollinger Band at 131.27 is a strong resistance level. If it can effectively break through, it may go further upward. If it cannot break through, it may retest the middle band around 128.71 for support. If the middle band support holds, the price may continue to oscillate upwards; if the middle band is broken, it may further probe down to the lower band around 126.16.
Due to the current KDJ indicating a need for correction and the weak bullish strength of MACD, the likelihood of a short-term correction is relatively high.
It is recommended to buy on a pullback to the range of 127--125, targeting around the position of 131--134.
The above is solely personal advice for reference, please refer to Haoyu Shipan's arrangements for specifics $SOL
#SOL