On April 27, SOL maintained a weak oscillation overall, with prices failing to stabilize above 150. Short-term bearish sentiment is slightly prevailing. The close pulled back to around 146, clearly showing weakness in upward momentum. The moving average system with 5EMA and 10EMA continues to diverge downward after the death cross, and the MACD energy bars also show signs of continuous shrinking.
[Today's K-Line Structure Analysis]
From the 1-hour chart perspective, the current SOL price is forming a small oscillating bottom around 145, but is overall in a downtrend channel. There is some resistance from the bulls in the short term, but an effective rebound pattern has not yet emerged.
The BOLL line is slightly opening downward, and the price is running below the middle track, indicating that weakness persists.
5EMA and 10EMA continue to suppress prices, and short-term rebounds are likely to face resistance.
The SAR indicator shows a short-term bearish bias, but the gap is beginning to narrow, indicating signs of a rebound.
From the daily chart perspective:
Yesterday ended with a small bearish candle, and today opened under pressure to decline. The daily EMA5 and EMA10 still show a death cross downward trend, and the MACD has not yet formed an effective bottom divergence.
The major trend has retraced from the high point of 295, currently only completing the first wave of weak rebound correction. The larger trend has not yet truly reversed, and both bulls and bears are contesting near 145.
[Today's Trading Strategy (April 28)]
Currently referencing the price of 145.7 for layout, the trading idea is as follows:
First Take Profit Level: 148.5
Second Take Profit Level: 151.5
Stop Loss Level: 143.0
