$SOL According to the chart, the current price of SOL/USDT is 165.61, down 3.96% in the last 24 hours. The price encountered significant pressure after breaking through the 179.3 high, and market sentiment is bearish.
Market Sentiment Analysis
1. Information: SOL has recently shown strong upward momentum, but there is a clear correction now, and short-term bullish confidence has weakened.
2. Technical Analysis:
• RSI (6, 12, 24) shows SOL is in a high-level consolidation, with the possibility of further adjustment.
• MACD is still in the positive zone, but upward momentum is weakening, and there are signs of convergence in DIF and DEA, indicating that it may enter a consolidation or correction phase in the short term.
Operational Suggestions
• Short Position: If the price rebounds to the 168-170 range and fails to break through, consider opening a short position in this area.
• Take Profit Point: Around 160
• Stop Loss Point: Around 174
• Long Position: If the price retraces to the 160 support and stabilizes, consider opening a long position in this area.
• Take Profit Point: Around 170
• Stop Loss Point: Around 157
Risk Control Suggestions
It is recommended to set reasonable take profit and stop loss points to control risk and closely monitor market fluctuations to avoid being swayed by short-term sentiment.
Highest Rebate Link:
https://www.suitechsui.cc/join?ref=QK6HH7D2
Invitation Code: QK6HH7D2
Come join the contract trading league competition! https://www.suitechsui.cc/FGT/BinanceTradersLeague2024/futures-team?referral=6261-581530443