#数字资产动态追踪 SOL strong channel formation, 128 yuan is the dividing line between bulls and bears
Look at this 1-hour chart, there are quite a few details. SOL's current performance can be summarized as: the bulls are holding the steering wheel, but short-term buying should be cautious. The real entry opportunity will come after a decent pullback.
The current price is around 127.5, closely hugging the upper Bollinger Band. On the daily chart, the price is between the middle and upper bands, which essentially indicates a strong trend but also a consolidation phase. The MACD is above the zero line; although the red histogram hasn't been expanding continuously, the dual lines maintain a golden cross, indicating that the upward momentum is still building up, just with some restraint.
The 4-hour ascending channel remains intact, with higher lows and higher highs gradually pushing upward. The bulls' bottom line defense is around the middle Bollinger Band at 126, as well as the previous support at 125-125.5. The biggest immediate resistance is at the upper band of 128. Once a breakout occurs with volume, the 130 level will come into view.
**The entry logic is clear**: don't chase the top, wait for the opportunity. The ideal range is between 126.2 and 126.8. If there is no deep pullback but support is found at 127 to 127.3, and a bullish pattern appears on the 15-minute chart, then take a small position to try. Stop loss below 125, no fuss.
The first target is 127.8-128.5; if you want to chase further, the second target is 129.5-130.
Honestly, this current level is awkward. Entering long now isn't very cost-effective, and stop loss placement is difficult. Wait until the market stabilizes in the 126-127 range to confirm that the bulls are still in control. Only then will the risk-reward ratio be worthwhile. Remember: good market conditions are created by patience; never chase blindly.