The Bollinger Bands on the 4-hour chart are opening downward at prices 125, 122, 120, with the middle band trending downward. The Bollinger Bands on the 1-hour chart are opening upward at prices 124, 122, 120, with the middle band trending downward.


MA Moving Averages: On the 1-hour chart, the price is below MA5, above the lower band, with MA5 crossing above MA10, the middle band, MA30, and MA60 from below. The SOL is trending downward without breaking the middle band, and upward without breaking MA5. On the 4-hour chart, the price is below MA5, above the middle band, with MA5 turning upward and crossing above MA10. The SOL is trending downward without breaking the lower band, and upward without breaking MA5.
MACD: On the 4-hour chart, the double lines are below the 0 axis, with the fast line crossing below the slow line to form a death cross, indicating increasing bearish momentum. On the 1-hour chart, the double lines are below the 0 axis, forming a death cross, with increasing bearish momentum.
RSI Indicator: On the 1-hour chart, RSI is in the oversold trading zone at 10, 13. On the 4-hour chart, RSI is in the normal trading range at 46, 64.
Summary: Consolidation and decline.
Resistance levels: 124, 126
Support levels: 118, 116
High Short Strategy: If the price fails to break above 124 on the upward push, establish a short position. Add to the short at 126, first take profit at 122, second at 120.
Low Long Strategy: If the price is at 118, go long; add to the long at 116, first take profit at 124, second at 126.
SOL1.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)