SOL Soars but Faces Resistance! Be Alert to Pullback Risks and Seize Shorting Opportunities!
Currently, SOL is strongly rising (+3.5%), but trading volume is shrinking (ratio 0.85), with the price approaching the upper Bollinger Band at 152.25, RSI at 66.7 nearing overbought conditions. A short-term pullback is possible, and a short position is recommended: Entry at 152.50, Stop Loss at 153.00, Target at 150.00 (Risk-Reward Ratio 5.0). Risk: If it breaks 153.00 or due to macro events, the strategy becomes invalid; position <2%, avoid low liquidity periods.
Technical Analysis:
• Price Status: Bollinger Band position at 91.77% (near upper band), indicating overbought risk; MA200 deviation at 7.08%, holding cost deviation at 5.02%, both supporting an upward trend but momentum is weakening.
• Market Strength: 24-hour trading volume down 14.5%, price rise with volume shrink suggests unsustainability; open interest down 0.25%, smart money long-short ratio rises to 2.0088 (bullish), but no new news catalysts.
• Key Levels: Support at 150.00 (buy-side liquidity 286k USDT), resistance at 152.73 (sell-side 335k USDT); buy-sell ratio at 0.76 (heavy selling pressure), near area sell orders exceed 870k USDT, liquidity gap at 152.73 may trigger a pullback.
Market Cycle: In the mid-stage of a bull market, RSI is not overbought but the sustainability of the trend is in doubt, possibly transitioning to top consolidation.
Trading Strategy:
• Entry: 152.50 (resistance zone)
• Stop Loss: 153.00 (breakout confirmation)
• Target: 150.00 (strong support)
• Risk-Reward Ratio: 5.0
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