SOL Morning Analysis
SOL continues to be pressured at the middle band of the Bollinger Bands, and the bearish pattern remains unchanged and stable! The MACD turning positive below the zero line is purely a false rebound, and the golden cross formation lacks effective support; the narrowing of the Bollinger Bands indicates that momentum is continuously building up, and the key support at the lower band is in jeopardy. Although KDJ is in the oversold range, the rebound strength is weak and powerless, making it difficult to reverse the downward trend, and the bearish logic for the future market is clear.
SOL Suggestion: Short around 137, target around 125
