On August 20th, Orange's market analysis and trading suggestions for #SOL :

SOL four-hour level trend analysis and trading suggestions:

From the chart, SOL/USDT is in a downtrend (blue resistance line pressing down), but there are signs of a short-term bottoming rebound. The EMA moving average system is in a tangled state, the MACD green bars are shortening, and DIF is about to cross above DEA, indicating weak rebound signals; the RSI indicator is recovering from a low position, suggesting that bullish strength is gathering.

Key positions: The purple support zone at 175.68-172.3 is an important defense line. If effectively maintained, it may initiate a rebound, with upper pressure looking at the blue trend line position and the middle purple resistance zone. If it breaks below support, further declines may occur.

Trading suggestions: Short-term traders should take small positions to test long, setting stop-loss below the purple support zone. If the rebound encounters resistance at the blue trend line or the middle resistance zone, take profit and exit; medium-term investors should mainly observe, waiting for a breakout of the blue trend line and a bullish arrangement of moving averages before entering, controlling positions to guard against high volatility risks in cryptocurrencies. Finally, for those who set long positions at 177.59 last night, if not exited, the short-term take profit level can be set at 185.26. #杰克逊霍尔会议

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