📍#SOL Technical Analysis (2025/07/04)
Catch the next wave of decline for SOL? Quickly grasp key resistance and support across multiple timeframes: daily, 4-hour, and 1-hour!
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【1D】
Trend: Consolidation biased towards bearish
SOL's daily chart is still holding above the 50-day moving average, but constrained by the 200-day moving average (162.27) and the pressure of the descending channel's midpoint. After rebounding from ~137.74, it faced resistance during the retest. RSI ~51, Stoch oscillating at high levels, MACD shows a slight bearish crossover, overall leaning towards bearish.
🔻 Short Position Info:
🛑 Stop Loss: 162.27 (breakout can go long)
🟢 Add to Short: 155.00 (strong resistance, not yet triggered), 165.00 (final resistance, not yet triggered)
🚨 Breakdown to chase shorts: 150.00 (midpoint support, not yet triggered)
🎯 Take Profit: 137.74, 122.17, 113.65
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【4H】
Trend: Medium bearish
The 4-hour level continues to consolidate below the 200 EMA (162.27) and within the descending trend line, with rebound facing resistance at EMA9/21 (151.32/151.27). DMI shows that bears have a slight advantage.
🔻 Short Position Info:
🛑 Stop Loss: 151.32 (breakout can go long)
🟢 Add to Short: 151.27 (EMA21 resistance, not yet triggered), 155.00 (final resistance, not yet triggered)
🚨 Breakdown to chase shorts: 151.74 (Pivot)
🎯 Take Profit: 137.74, 122.17, 113.65
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【1H】
Trend: Small bearish
The 1-hour trend is positioned below EMA9/21 (152.04/152.39) and above EMA200 (149.28). RSI ~43, MACD shows a slight bearish crossover, short-term is biased weak.
🔻 Short Position Info:
🛑 Stop Loss: 152.04 (breakout can go long)
🟢 Add to Short: 150.00 (secondary resistance, not yet triggered)
🚨 Breakdown to chase shorts: 146.28 (Pivot)
🎯 Take Profit: 149.28, 146.28, 137.74
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【Strategy Summary】
1. Daily: Strong pressure in the 155–162 range, can lightly position short, stop loss if breaking 162 and wait for bullish signals;
2. 4H: After a failed rebound to EMA9/21, if unable to hold above 151.74, can add to shorts, targeting first at 137.74;
3. 1H: Short-term biased weak, can position to add shorts at 150, follow up shorts if breaking 146.28;
4. Risk Management: Strictly adhere to stop losses, single trade risk recommended not to exceed 2% of capital.
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