9.19 Friday SOL analysis: The 4-hour candlestick chart shows that the SOL price has continuously encountered resistance in the key resistance zone of 229, forming a 'double top' prototype. The middle band of the Bollinger Bands continues to move downwards, suppressing the price.
The RSI indicator has formed a top divergence in the overbought zone, and after the MACD fast and slow lines crossed, the bearish momentum bars continue to expand, indicating a depletion of upward momentum.
SOL suggestion: Short in the 253-257 range, watch for a drop to around 230-220 below 262 $SOL