Judging from the current K-line chart, the price of SOL continues to be in a volatile downward trend. The width of the Bollinger Bands has shrunk slightly, indicating that market volatility has gradually slowed down, and the price has always been running near the middle track, and there is still a certain downward pressure in the short term. At the same time, both EMA and MA show that the price pressure in the short term is relatively large, and it is expected that it may continue to be sorted or adjusted in the short term.

Support and resistance levels:

  1. First support level
    The current price is in a correction range, and the first support level can be set at about 160.77. This is a recent low point, which has a strong support effect. If the price drops to this point, it may usher in a short-term rebound.

  2. Second support level
    If the price breaks through the first support level, the second support level can be set at about 158.00. This point is the previous support area and is also the secondary support level that the current price is close to. If the price falls below this position, it may continue to fall.

Expected operation direction:

Combined with yesterday's market trend, SOL prices failed to break through the key resistance level and continued to fluctuate downward. Today, it is recommended to focus on the performance near the support level of 160.77 and 158.00. If the price falls back to the first support level and a rebound signal appears, you can enter the market in moderation, with the target price set at around 166.00.

If the price continues to fall below the support level and looks for the second support level downward, it is recommended to remain cautious and wait for a clearer rebound signal or a pullback correction.

Rationalization of values ​​and risk control:

  1. Entry point: around 166

  2. Target range: 168.00-175

  3. Stop Loss: 160.00

Today's market operation suggestions mainly focus on the rebound opportunities near the support level. According to the K-line chart analysis, the current price shows a certain potential for a pullback. It is recommended to look for short-term rebound opportunities near the support range. Reasonably control risks, avoid chasing highs, and operate appropriately during the pullback period.
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