SOL's 4-hour price trend: sideways [Price trend analysis]
1. K-line pattern:
- The recent price has fallen from a high level, forming an obvious downward trend.
- The daily K-line shows a combination of a long upper shadow and a negative line, indicating heavy selling pressure from above.
2. Technical indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are negative and the MACD histogram shows a green column, indicating that the short-selling force is dominant, but there are signs of convergence.
- RSI: Currently, the RSI is around 35, close to the oversold range, and there may be a rebound demand in the short term.
- EMA: The current price is below EMA7, EMA30 and EMA120, indicating a weak overall trend. EMA7 crosses below EMA30 and EMA120, further confirming the downward trend.
3. Volume:
- Volume increases significantly during large price fluctuations, especially during a sharp drop, indicating intense market sentiment.
- Trading volume has decreased in recent trading days, indicating that the market is increasingly waiting for new direction guidance.
【Buy and sell points】
- Buy point 1: 130 USDT (close to the previous band low of 130.65, which may generate buying support)
- Buy point 2: 125 USDT (integer mark, and also a potential support level after further exploration)
- Long stop loss point: 123 USDT (slightly lower than buy point 2 to prevent the risk of false breakthrough)
- Sell point 1: 145 USDT (close to the previous band high of 144.7, which may generate selling pressure)
- Sell point 2: 150 USDT (integer mark, which has been used as a pressure point many times in history)
- Short stop loss point: 152 USDT (slightly higher than sell point 2 to prevent the risk of false breakthrough)
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