SOL is still in a relatively weak trend. After the price encountered resistance in the previous day's rise, it showed a continuous volatile downward trend. The hourly rebound during the day hit the 1-hour MA3 line, and it began to oscillate and fall before it even broke through 160.
The daily line is another small negative line with an upper shadow line. The trading volume is one-third less than yesterday. There is no large-scale decline, and it is in a negative decline state.
The daily MA120 line will still be the support position in the near term. The current price is around 151, which will still be the entry point for short-term long orders.
In the short term, the daily level will still see this kind of volatile trend. You can build positions in batches on dips in the 120-180 large range of oscillation.
Daily pressure level is 165-177-186-196, support level is 146-136-130-125-110
From the SOL liquidation heat map, we can see
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 157.8-167.2 area
The price fell, and there were a lot of large long orders waiting to be liquidated in the 153.4-146.6 area
