$SOL

From the hourly level, SOL has approached the upper Bollinger Band, and short-term pressure has suddenly intensified! The price has notably slowed down after hitting the upper band. Once the upper band becomes resistance, it often acts as a 'ceiling' for bulls. If the breakout fails, a rapid decline is very likely, heading straight for the middle band or even the lower band!

Looking at MACD, although the DIF barely crosses above the DEA, the expansion of the red bars is very limited. Once the red bars shorten, it indicates that the rebound is an illusion, and a reversal could happen at any moment! As for trading volume, although there is an increase during the rebound, the strength is far from enough to break through previous highs, clearly indicating heavy selling pressure above, and bears are poised to strike! My personal suggestion is to enter in the range of 203-205.5, with a target looking down to 196, and if it breaks down, watch for 185.

👉 In summary: Although SOL has a rebound momentum, it is actually fraught with danger, and a slight misstep could lead to a severe test of a sharp decline!