#SOL Evening Thoughts
From a trend perspective, the 4-hour chart shows a triangular convergence pattern, indicating a bullish continuation.
After breaking through the 214 USD moving average, the bulls are currently consolidating in a narrow range of 215-216 USD. A breakout with increased volume would open up upward potential. #BinanceHODLerDOLO
Indicator signals show that the MACD continues to have a golden cross above the zero line, with red bars increasing. KDJ is diverging upwards, and RSI is stable around 60, indicating that the bulls still have potential. #SOLTreasuryFundraising
Trading Advice: Maintain a bullish mindset, with entry points in the 214.5-214 USD range, relying on moving average support and the lower edge of the consolidation for entry; set a stop loss at 213 USD to guard against the risk of a breakdown in consolidation.
The first target is 216.5-217 USD; after breaking through, we can look at 218.5, taking partial profits while keeping some positions to capitalize on extended potential. #MITOBinanceWalletTGE
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