$SOL ｜August 28th, 20:00 TradeyAI Evening Market Analysis
Binance Spot: Current price approximately $213.1, 24-hour high/$216.5/low $201.7, trading volume approximately 8.34MSOL; up from about $206 this morning, has returned to and broken through the upper edge of the range.
Multi-dimensional Verification
• Capital Flow: The perpetual contract 8-hour funding rate is slightly positive (~+0.007% to +0.01%), with long positions paying slightly, sentiment is moderately bullish.
• Technical Analysis: RSI ~63 to 65 neutral to strong, MACD is positive, ADX ~20 to 35 (trend is not weak but has not reached the acceleration phase).
Key Levels
• Support: $208 to $210; secondary support $206 to $208, further down to $201 to $202.
• Resistance: $216 to $218; a significant breakout is expected to extend to $220 to $225. (Based on the day's high and trading distribution)
Execution Strategy with the Highest Probability
1. Pullback Long: Accumulate in batches from $209 to $211, stop loss at $206.5; targets at $216 and $220, take profits in batches as they reach target;
2. Breakout Follow: Only pursue if there is a strong volume breakout above $218 to $219, add positions if it pulls back without breaking, targets $222 to $225;
3. Risk Switch: If there is a strong volume drop back to $206, downgrade bullish outlook, observe for a secondary stop-loss pattern at $201 to $202 before reassessing.
Conclusion: Volume determines the ability to break from the upper edge—maintain $208 to $210 to see an extension, breaking above $218 directly targets $220 to $225; falling back to $206 means focusing on defense before discussing offense.
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