$SOL

Market Analysis on April 30, 2025: SOL/U (Not an Investment Advice)

SOL/U (1-hour chart) has temporarily broken below the rising trend line, and the price is currently in the pullback confirmation stage, with bears starting to take control; the strategy is bearish.

[Structural Analysis]

• The obvious rising trend line has been effectively broken, confirming bearish signals;

• Currently retracing to EMA20 (147.59 U) and near the broken support line, forming a typical 'break → pullback → confirmation' pattern;

• Current short entry point is at 146.71 U, with a stop loss set above 147.94 U, targeting around 144.80 U, achieving a risk-reward ratio of 2.38, making the strategy cost-effective.

[Key Levels]

• Resistance: 147.00–148.00 U (trend line resistance + EMA suppression);

• Support: 144.80 U (short-term target level);

• If it breaks below 144.50 U, bears may further push towards the 142 U region.

[Trading Suggestions]

• Currently a typical 'break and short' right-side trading opportunity;

• Light position, tight stop loss, to guard against pullback false breakouts;

• If the price stabilizes above 148 U again, the bearish case is invalidated, and the structure reverses.

—— The trend line is broken, the direction changes. Don’t cling to battles; following the structure is the instinct of trading.