I'm ready to withdraw, I've held on for more than a week, I can't take it anymore. This garbage coin.
达尔文
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$SOL
SOL price analysis
After SOL failed to hit $260 several times recently, the bulls are obviously a little powerless. The bears took the opportunity to exert their strength, and the sharp drop on January 26 directly broke the short-term balance of the market. Let's take a look at what to do next!
Current trend: bears dominate, bulls struggle to defend the line
Support level: The 20-day moving average (US$231) has been broken. In the short term, the price may continue to move closer to the 50-day moving average (US$211). Pressure level: US$260 is still a strong resistance that SOL cannot overcome. If the bulls want to turn the tables, they must first recover the 20-day moving average.
If the price rebounds to the 20-day moving average (US$231) and is blocked, you can enter a short position with a light position, and the target is the 50-day moving average (US$211), and further look at US$187. Stop loss: It is recommended to set it when the price breaks above the 20-day moving average to avoid risks.
If the price stabilizes above the 20-day moving average and there is an obvious signal of a large-volume rebound, you can consider going long with a light position, with the target first looking at $260 and further hitting $300. Stop loss: It is recommended to set the stop loss point below the price falling below the 50-day moving average ($211).
Downside risk: If the price falls below the 50-day moving average ($211), SOL may accelerate to $187 or even lower. Upward hope: If the bulls can quickly pull back above $231 and maintain stability, SOL has the opportunity to test the $260 resistance range again.
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