Recently, SOL's price has remained around 148.4, but from a multi-timeframe perspective, the short signal is becoming increasingly obvious. We provide a comprehensive interpretation from the daily, four-hour, and one-hour lines, combined with practical entry points, to help you strike accurately under high leverage!
Daily line analysis: After rebounding from a low point, SOL briefly peaked at 157.24 in the short term, but overall, it is still within a large downward channel. The current price is hovering between MA30 and MA100, forming a 'weak rebound' pattern, with insufficient volume support, indicating that the bulls are losing strength, and the bears may strike again at any time.
Four-hour line analysis: After a recent rebound above 150, the price quickly fell back, forming a clear 'false breakout' pattern. The MA7 and MA30 moving averages have formed a dead cross and are moving downwards, continuing the bearish trend. Especially, the suppression from the moving average system is very obvious, and the short-term downside risk has intensified.
One-hour line analysis: A slight rebound has recently tested above 148.5, but the upward momentum is weak, and the rebound height remains limited. The MACD momentum histogram has started to turn green, indicating that bearish pressure is continuously increasing, and a further decline may occur in the short term.
Key Point Layout (Current point approximately 148.4):
Open position: Short positions enter in the 148.3 ~ 148.6 range
First take profit level: 146.55
Second take profit level: 145.05
Stop loss level: 151.15
Summary: Multi-timeframe indicators show that the bears are still in control, and the outlook for SOL in the short term is bearish! The strategy is clear, and the levels are defined; it's time to execute!
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