Sister Mei's SOL Market Analysis

Good afternoon, everyone! Sister Mei continues to discuss the SOL market with you all. Whether you are holding or looking to enter the market, pay close attention and keep it in mind.

First, let's look at support and resistance. The short-term support is between $190 and $192. This level has provided support before, and now that the price has fallen back, its importance has increased — if it breaks below $190, it is likely to drop to around $185. Don't panic at that time; watch the trend before taking action.

The resistance is between $200 and $202. This is the resistance level from the previous high. To break through, there must be a significant increase in volume; otherwise, it is likely to stagnate here and will not be able to restart the upward trend.

Now, let's look at the indicators. The StochRSI may drop to the range of 0.3-0.4 as the price falls. Although it is still in the neutral to bullish area, the bullish momentum has obviously weakened, so be cautious. The MACD is more critical; if the price continues to struggle to stay above $200, the green bars may expand again, indicating short-term bearish dominance. But also watch for the “second bottom divergence” — that is, a new price low with no new low in the MACD. If this occurs, it might signal a rebound.

To summarize the trend: If SOL can stabilize between $190 and $194 and break through $200 with volume, the adjustment will end, and it will return to an upward trend. However, if it can't break through $200 and falls below $190, it will enter a deeper correction, targeting $180-185, and entering the market will require more caution.

Lastly, Sister Mei's short-term trading advice today is to go long around $193.35-$191.38, with support at $190, which is a key support level. If it breaks, don’t stubbornly hold; initially target $196.15, and if it breaks through that, then aim for $200.

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