I. Core Trend Judgement
Currently, after SOL touched the third resistance level at night, a small-level retracement occurred, making 179 the key watershed for the day’s bullish and bearish battle. The trend at this point will be determined by the 2-hour K-line pattern: if the 2-hour closing price effectively stabilizes above 179, it indicates strong bullish power, and after the retracement ends, it is expected to restart the upward trend; if it breaks below this price, the bears will dominate, and the market will enter a 2-hour level retracement phase.
II. Key Point Analysis
Resistance Level
- Short-term Suppression (184.8): This is the first resistance level for the bullish counterattack; once broken, it will open up upward space to test higher price levels.
- Medium-term strong resistance (189.6): This is an important battleground for bulls and bears; if it can be successfully broken, it will further confirm the bullish dominance.
- Key Threshold (193.7): This price level is an important turning point for market sentiment, and breaking through it may trigger a trend-driven upward market.
Support Level
- First Line of Defense (176): The primary buffer area during a bearish pullback; if effective support can be formed, it can temporarily ease downward pressure.
- Important support (170.7): Once broken, market bearish sentiment may intensify, expanding the retracement range.
- Ultimate Support (166.1): The last support level in extreme market conditions; if breached, it may trigger a deep adjustment.
III. Trading Strategy
Bullish Strategy
When the 2-hour K-line closing price effectively breaks through 179, one can enter a long position. To guard against false breakout risks, set the stop-loss below 178. The take-profit targets are as follows: first target 184.8; if it successfully breaks through, look towards 189.6; if the price continues to strongly break through 189.6, it may challenge 193.7.
Bearish Strategy
If the 2-hour closing price falls below 179, it is recommended to try shorting. To avoid short-term rebound risks, set the stop-loss above 180. The take-profit targets are as follows: first target 176; if it continues to break down, look towards 170.7; in extreme cases, one may consider looking towards 166.1.
IV. Trading Summary and Risk Reminder
179 is the core observation point of today's SOL market, and the closing situation at the 2-hour level directly affects the direction of the bullish and bearish trend. Everyone must strictly formulate trading plans based on this key point, and be sure to set stop-loss and take-profit to avoid significant losses due to sudden market fluctuations. When trading near support and resistance levels, it is advisable to flexibly adjust positions in conjunction with real-time market fluctuations, changes in trading volume, and industry news, and to be vigilant against manipulative operations by major funds to entice both bullish and bearish positions, ensuring that trading risks are controllable. $SOL
