🕯 One, daily analysis:
Volume adjustment is in place; a short-term rebound is expected as SOL has fallen to the previous low support area (171-173) after being blocked above 180 since May 21.
The candlestick has retested the lower track of the Bollinger Bands and stopped falling, currently showing signs of a small bullish engulfing pattern, providing a basis for a short-term rebound.
Although MACD is still in a death cross state, the green bars are noticeably shorter, and the DIF line is tending to flatten, indicating a depletion of bearish momentum.
📌 Conclusion: The daily decline has been deep, and a technical recovery is expected in the short term, forming a stage low.
⏳ Two, four-hour line:
After a dip, a recovery is showing, with a W-bottom structure initially visible. The four-hour candlestick has tested the 171-172 range twice without breaking, forming a potential W-bottom pattern. Currently, it is in the right-side rebound phase.
The Bollinger Bands have opened and then flattened, with the candlestick rising near the middle band. If it breaks the pressure level of 174.5, it will open up upward space.
A golden cross has appeared below the zero axis of MACD, with green bars disappearing and red bars appearing, indicating that rebound momentum is gradually being released.
📌 Conclusion: The embryonic form of the medium-short-term bottom structure has emerged, with the expectation of a breakout.
⏱ Three, hourly line:
The bottom has been constructed, and the short-term bullish outlook is clear. The one-hour candlestick has repeatedly been supported by 173, pulling up, and the bottom's effective support structure is solid.
The moving average system is about to converge, with MA7 crossing above MA30, likely forming a short-term golden cross pattern.
MACD red bars continue to expand, with enhanced momentum, indicating a high probability of continuing the rebound trend in the short term.
📌 Conclusion: Short-term bullish dominance, with the 173 area providing good opening cost-effectiveness.
🎯 Operating strategy (Direction: Bullish)
Long entry range: 173 - 174
First take profit level: 175
Second take profit level: 177
Stop loss: 171
🔚 From the three-cycle structure of SOL, a stabilization signal has been released. If it breaks out with increased volume subsequently, it will open up a larger upward space.
