The SOL Long and Short Battle at 213! Sister Xin exclusively reveals the market direction, and the operation strategy is ready!
Today, let's talk about the SOL market! The current SOL price is stuck around 213 USD, which is a crucial moment. From the 1-hour candlestick chart, this 213 position is not simple. It is both a strong resistance and a key support, and both sides are battling fiercely here!
Technical Analysis: Key Level Game, Direction Soon to be Clear
From the chart, it is clear that SOL surged and then pulled back, currently resting on the 213 support. The moving average system has not yet formed a clear trend, and the MACD indicator shows alternating red and green bars, indicating that market sentiment is still wavering.
The strong resistance above is in the 213-209 range, and if it can break through with volume, the next target may look towards 215-216; strong support below is at 202-199, and if it breaks down, it may continue to probe lower in the short term. However, Sister Xin believes that there is no need for excessive panic at this position, as the overall market liquidity remains ample, and the big trend has not deteriorated.
News: Waiting for New Developments, Market Sentiment Stable
Recently, there have been no sudden negative or positive news; SOL mainly follows the broader market. Bitcoin is stable at a key level, and Ethereum has not made significant moves, so SOL is currently in a technical adjustment phase. It is worth noting that the Solana ecosystem has been quite active recently, with NFT and DeFi projects still under continuous development, and fundamentally there are no major issues in the long term.
Sister Xin's Viewpoint & Operation Suggestions
Sister Xin believes that the 213 position is both a risk and an opportunity! For short-term traders, it is possible to test the waters with a light position here, but stop-loss must be in place!
Aggressive Traders: If it stabilizes around 213 after a pullback, a light long position can be taken, with a stop-loss set below 202, targeting 209-213.
Conservative Traders: It might be better to wait a bit longer, confirming effective support or breaking resistance before following up, avoiding blindly chasing highs and cutting losses.
In a bull market, there are urgent drops; in a bear market, there are rebounds. Don't let short-term fluctuations dictate your rhythm; maintaining a good position and controlling risk is the way to go!
Sister Xin's sickle is faster than the doggy's! Follow me, and I'll teach you how to counter the market!
