I. Key support levels and boundary between bulls and bears

Today, SOL is showing a strong upward trend during the day; at night, pay close attention to the support level of 138.4:

1. Conditions for continued bullishness: If the closing price does not fall below 138.4 during a 1-hour pullback, the short-term bullish trend remains unchanged, with all timeframes (hourly, 4-hour, daily) maintaining a bullish structure, and the market is likely to continue rising.

2. Bearish signal trigger: If it effectively breaks below 138.4 (closing below on the hourly), it is regarded as the initiation of a 1-hour pullback, which may turn to consolidation or downward in the short term, necessitating caution against increased selling pressure.

II. Analysis of upward targets and resistance levels

If bulls continue to dominate, the upward path can be monitored in phases:

- First target: previous high at 140.7, which is the upper edge of the recent dense trading area; if broken, it needs to be accompanied by volume; otherwise, it may encounter resistance and pull back.

- Subsequent resistance levels: If it breaks through 140.7, look successively at 144.5 (4-hour resistance), 147.4 (daily Fibonacci resistance), and 152.8 (strong resistance near historical highs).

III. Pullback support levels and risk control

If it breaks below the 138.4 support, the lower support ladder is:

- First support: 136.3, corresponding to the recent low on the 1-hour chart; if it stabilizes, it may trigger a technical rebound.

- Second support: 133, which is the support of the ascending trend line on the 4-hour chart; it may test this level after breaking 136.3.

- Third support: 129.5, which is a strong support area on the daily chart; if it falls deeply to this level, be wary of medium-term pullback risks, and assess market sentiment to determine whether to buy the dip.

IV. Operation suggestions and risk control points

1. Bullish strategy:

- Aggressive traders can try going long with a light position above 138.4, setting the stop loss at 137.5, initially targeting 140.7, and after a breakout, move the stop loss to 139.5, looking further to 144.5.

- Conservative traders should wait for a breakthrough of 140.7 and a retest to confirm support before entering, with a stop loss below 139, targeting 147.4-152.8.

2. Bearish strategy:

- If it breaks below 138.4, one can try shorting with a light position, set the stop loss at 139.3, and initially target 136.3; if that breaks, look down to 133, and in extreme cases, to 129.5.

3. Attention points:

- Closely monitor the closing pattern of the 1-hour candlestick to avoid being affected by short-term spikes;

- Control position size, with a single trade size not exceeding 15%, and strictly implement stop losses to guard against waterfall markets;

- Pay attention to the correlation with Bitcoin (BTC) trends; if Bitcoin crashes at night, SOL may weaken accordingly.

V. Market sentiment reminder

The recent trend of SOL is independent of mainstream coins, and one should be wary of profit-taking pressure after a large short-term increase. If there is a divergence in volume and price at night (price increases but volume decreases), it may indicate insufficient upward momentum, so be cautious about chasing highs.

Summary: The short-term strength of SOL depends on the support level of 138.4. If it holds, it is expected to challenge previous highs and higher targets; if it breaks, it will turn towards a pullback. It is advised to follow the trend with light positions for trial and error, flexibly responding to market changes, and avoiding blind chasing of rises and falls!$SOL #SOL走势