SOL Analysis


4-hour Bollinger Bands opening downward corresponding to prices 127, 124, 120. The 4-hour middle band is trending downward. The 1-hour Bollinger Bands opening is closing, corresponding to prices 123, 122, 120. The 1-hour middle band is trending upward.
MA Moving Averages: On the 1-hour chart, the price is below MA5 and below the middle line. MA5 crosses below MA10 from above. SOL is moving downward without breaking the lower band, and upward without breaking MA5. On the 4-hour chart, the price is below MA5, above the lower band. MA5 is turning upward. SOL is moving downward without breaking the lower band, and upward without breaking MA5.
MACD
The 4-hour double lines are below the 0 axis. The fast line crosses below the slow line from above, forming a death cross. The bearish momentum is decreasing. The 1-hour double lines are below the 0 axis, forming a golden cross. The bullish momentum is decreasing.
RSI Indicator: The 1-hour RSI is in the oversold trading zone at 17, 354. The 4-hour RSI is in the normal trading range at 62, 52.
Summary: Range-bound market
Resistance levels: 124, 126
Support levels: 120, 118
High-Long Strategy: If the upward push does not break 124, establish a short position. Add to the short at 126. First take profit at 122, second at 120.
Low-Long Strategy: Long at 120, add to long at 118. First take profit at 124, second at 126.
SOL1%
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