#山寨季何时到来

5.12 Market Overview: SOL Faces Triple Pressure from the 180-Day, Weekly, and Monthly Lines

Looking at the 4H chart, SOL has stabilized above 168.87. Now, as long as it breaks through 175.17 and stabilizes, the next resistance is the triple resistance of the monthly, weekly, and daily lines at 180. A breakthrough and stabilization above 180 could lead to reaching 200 soon.

Additionally, looking at the 4H volume-price divergence, there is a risk of a correction; at the same time, the MACD has just formed a death cross. If SOL has a chance to pull back, entering in batches with spot trading at levels 165.42-160.83-156.25 could be considered, with a tentative reduction position set at 180.

As long as SOL breaks through 175.17, there will be a need for a pullback, but as long as it does not fall below this, one can enter long positions in line with the trend. Alternatively, if it breaks and pulls back up, long positions can also be entered, with a stop at 172.23 and a target of 179.85. Currently, trading on the right side is more stable, although the profits may be lower, but it is manageable.

Friends passing by, please kindly give a follow and like, it’s the greatest support for me, thank you! The above information is only for market analysis and not as a trading strategy; follow me to stay updated for the latest information and point analysis every day, and the wealth codes you want. Remember to hit follow and like!