The hourly level is still synchronized with Bitcoin, but the magnitude of the ups and downs is greater.
Yesterday's rise reached the upper edge of the red box area, which is also the first resistance level we provided around 165. After facing resistance, it formed a rapid downward trend at the hourly level, and the current price is oscillating around 155.
The daily chart shows a small bearish candle with a long upper shadow. It can be seen that the pressure for upward movement is still quite large. The daily MA30 line is still in an upward trend, but is slowly leveling off. The MACD fast line has crossed below the zero axis, and the slow line is still below the zero axis but is close to it. The daily MA120 line will still be a support level in the near future. The current price is around 151, which will still be a short-term entry point for long positions.
In the short term, the daily level will still show this oscillating trend. You can gradually build positions on dips within the 120-180 large range oscillation area.
Daily level resistance at 165-177-186-196, support at 146-136-130-125-110.
From the SOL liquidation heat map, we can see that
As the price rises, there are a large number of significant short positions waiting for liquidation in the 162-167 area.
As the price falls, there are a large number of significant and super-sized long positions waiting for liquidation in the 153.8-145.6 area.
