5.26 SOL Market Analysis

After the bearish volume of SOL yesterday broke below the 170 mark, it rose to 177 during the day, attempting to break the Fibonacci level at 178. The one-hour MA moving averages have not formed a golden cross, and with the 30-week moving average not crossing above the middle track, one could attempt to place short positions around 178. The upward pressure on SOL is clearly effective, and the trend of the Bollinger Bands opening upwards will slow down, with support to watch at 168. The MACD on the width chart is about to reduce volume after a golden cross, and the KDJ fast line is at its peak. Overall, the bullish volume of SOL is nearing its end, and it is recommended to take high short positions for more stability.

Trading Suggestion: Short in batches at current price 178-180

Target: 173-168

Risk Control: 182