1. Stabilize above 172, and the bulls sound the charge for a counterattack.
If the K-line stabilizes steadily above 172 for 1-2 hours tonight, and meets these conditions, then the minor pullback is basically declared over, and the bulls will start to push up!
- K-line Pattern: The appearance of bullish engulfing or hammer candlestick patterns, or forming a 'double bottom' structure, indicates strong buying power below, making it difficult for bears to push lower.
- Trading Volume: Volume must keep up! It should increase by 20%-30% compared to the previous trading period, and it should be in a healthy state of price rising with volume increasing and price falling with volume decreasing; this is the 'volume-price rise' that should accompany an uptrend.
- Technical Indicators: MACD golden cross below the zero line, red bars starting to appear; RSI breaking above 50 and entering a strong zone; short-term moving averages (5-day, 10-day) crossing above medium to long-term moving averages, forming a bullish arrangement. When these signals align, it is a good time to enter long!
Upside Target:
- First Resistance: 176, this is the recent high point of volatility, with many trapped positions; breaking this level will open up short-term upward space.
- Second Resistance: 180.4, a key psychological level overlapping with technical resistance; if bulls can break this level, momentum will build.
- Ultimate Target: 186.8, previous high and round number; once breached, SOL may enter a new round of significant upward movement.
Trading Suggestion: After confirming a stable position above 172, enter with a light position, not exceeding 15% of total capital. Reduce the position by 30% to lock in profits for each breakthrough target; if it falls below 172 by 2-3 points, such as dropping to 169-170, decisively stop loss, and do not hold on!
2. Losing below 172, the bears take control of the initiative.
Conversely, if the K-line closes below 172 for 1-2 hours continuously, and these conditions occur, then the bears will have the upper hand, and the market may continue to consolidate or even deeply retrace:
- K-line Pattern: Continuous bearish closes with very short lower shadows, or forming a typical bearish pattern like 'headless guillotine', indicating strong bearish selling.
- Trading Volume: During declines, trading volume suddenly expands to more than twice the five-day average, with panic selling accelerating the decline.
- Technical Indicators: MACD dead cross above the zero line, green bars becoming longer; RSI dropping below 50, entering a weak zone; moving average system in bearish arrangement, short-term moving averages pressing down on medium to long-term moving averages.
Lower Support Level:
- First Support: 168.5, the bottom of the previous consolidation range; if breached, it may trigger a technical breakdown.
- Second Support: 164.3, 38.2% Fibonacci retracement level, overlapping with previous high trading volume area, providing certain support strength.
- Strong Support: 161.3, an important support level on the weekly chart; if it drops here, there might be bottom-fishing funds entering the market.
Trading Suggestion: If it effectively breaks below 172, short with a position similarly controlled under 15%. At each support level, reduce the position by 30%; if the price rebounds and breaks above 172 by 2-3 points, for example, rising to 174-175, quickly stop loss to prevent being trapped by bears.
3. Consolidation, hold your hands and don’t act rashly.
If the price oscillates within a small range of 3 points around 172 and the K-line does not break through the boundary, with indicator signals being chaotic, do not act impulsively! Maintain a flat position and wait for the market to show a clear direction before taking action. Additionally, during major events like Federal Reserve interest rate decisions or cryptocurrency regulatory announcements, the market may be extremely volatile for 3 hours before and after, so do not open positions lightly; wait until the situation clarifies before acting.
4. Lastly, a few more words
The volatility of the crypto market is more thrilling than a roller coaster. When trading, we must prioritize risk management! Strictly execute the strategy, do not hesitate at stop loss levels, take profits when necessary, and avoid greed. Pay attention to Bitcoin trends and the performance of US tech stocks, as these will affect SOL's market. The market changes rapidly, so be flexible and responsive. I wish everyone could seize opportunities tonight and make a big profit!$SOL #SOL走势 
