1. Key Levels: 171.5 is the key watershed for SOL's intraday trend, belonging to a critical area for the top of a small-level rebound. Only when the price effectively stabilizes above this level in a 1 - 2 hour cycle can the rebound trend be confirmed; if it cannot break through this level continuously, it indicates insufficient bullish momentum, and the trend is likely to continue downward.
2. Distribution of Support and Resistance Levels
- Resistance Level: Once SOL successfully stabilizes above 171.5, three key resistance levels need to be focused on above. The first resistance level is at 174.7, where short-term corrections may easily occur; if it breaks through 174.7, the integer level of 180 will become the medium-term resistance; if it strongly breaks through 180, around 183 will constitute strong resistance, and breaking through may open up greater upward space.
- Support Level: If the rebound fails to stabilize above 171.5, the price will test the previous low of 167. If this point can form effective support, it may trigger a small-level rebound; once it breaks, the subsequent support levels are 164.3, 161.3, and 158.5, and bearish forces may further release.
3. Long Strategy: When the 1 - 2 hour candlestick body effectively breaks through 171.5, accompanied by a significant increase in trading volume, you may consider setting up a long position with a small amount. Set the stop loss below 170.5 to avoid the risk of false breakouts. The target price sequentially looks towards 174.7 and 180; if it successfully breaks through 180, it can further look towards the pressure level at 183.
4. Short Strategy: If the price continues to be pressured below 171.5, forming long upper shadows, dark cloud cover, and other bearish candlestick patterns, you may attempt to set up a short position. Set the stop loss above 172.5 to prevent losses from short-term fluctuations. The initial target is the support level at 167; if it breaks, continue to look towards 164.3, or even lower support levels.
5. Summary: As 171.5 is the core point for the long-short battle, it directly determines the direction of SOL's intraday trend. It is crucial to pay attention to the breakout and stabilization of the price at this level in the 1 - 2 hour time frame, combining trading volume, candlestick patterns, and other technical indicators for comprehensive analysis. Strictly implement stop-loss and take-profit strategies during trading, operate cautiously near key support and resistance levels, and flexibly adjust strategies according to real-time market fluctuations and news changes to effectively guard against potential risks.$SOL #SOL走势
