Xu Xu Baby says Coin August 9 SOL Morning Market Analysis

1. Trend Judgment

From recent trends, SOL is in a critical period of competition between bulls and bears. The previous upward trend has slowed down, and there is some uncertainty in the short-term trend. However, in the long term, as the Solana ecosystem continues to develop, there is still upward potential. In terms of technical indicators, the daily MACD red momentum bar has contracted, indicating a weakening of bullish strength; the KDJ indicator hovers around 50, with an unclear direction.

2. Support Levels

- First Support Level: $184, this is the low point of the recent pullback and forms strong support. If the price falls back to this level, bulls may attempt to fight back.

- Second Support Level: $178, this position corresponds to the hourly moving average support. If $184 is broken, this price level will become an important defensive line.

3. Resistance Levels

- First Resistance Level: $195, this is the high point of the previous rebound and forms certain resistance, with a large number of trapped positions concentrated here.

- Second Resistance Level: $202, this is an important psychological barrier and technical resistance level. If it can break through, it is expected to open up new upward space.

4. Strategy Suggestions

- Long Strategy: If the price pulls back to around $184 and finds support to stabilize, one can take a light long position, with a stop loss set at $181, targeting $195. If it breaks through $195, one can appropriately increase the position, looking up to $202.

- Short Strategy: If the price rebounds to around $195 and encounters resistance, one can take a light short position, with a stop loss set at $198, targeting $188. If it breaks below $184, one can pursue a short position, looking down to $178.

Investing in SOL carries high risks, and the market is easily influenced by news and overall market trends. It is essential to manage risks carefully, set stop losses strictly, and control position sizes. The above analysis is for reference only and does not constitute investment advice. #SOL #美联储比特币储备 #特朗普加密新政 #ETH巨鲸增持 #美国加征关税