On the 4-hour chart, SOL's Bollinger Bands continue to diverge downward, with price persistently under pressure below the middle band, multiple rebounds being strongly suppressed and falling back, and bulls struggling to gain traction; the moving average system shows a clear bearish alignment, with short-term moving averages continuously suppressing price action, leaving extremely limited upside rebound space; the KDJ indicator continues to run downward after a death cross from highs, bearish momentum remains strong, and the overall bearish pattern remains unchanged.
While the short-term may see minor pullbacks, the overall trend is weak with limited rebound strength, making short positions more suitable as the primary strategy, without blindly buying on dips.
Operation Suggestions
Sell short in batches in the 92-95 zone, targeting the 88-84 area, with further downside potential to 80 if support breaks; strictly implement risk management and follow the trend.
3.26 SOL Morning Analysis
On the 4-hour chart, SOL's Bollinger Bands continue to diverge downward, with price persistently under pressure below the middle band, multiple rebounds being strongly suppressed and falling back, and bulls struggling to gain traction; the moving average system shows a clear bearish alignment, with short-term moving averages continuously suppressing price action, leaving extremely limited upside rebound space; the KDJ indicator continues to run downward after a death cross from highs, bearish momentum remains strong, and the overall bearish pattern remains unchanged.
While the short-term may see minor pullbacks, the overall trend is weak with limited rebound strength, making short positions more suitable as the primary strategy, without blindly buying on dips.
Operation Suggestions
Sell short in batches in the 92-95 zone, targeting the 88-84 area, with further downside potential to 80 if support breaks; strictly implement risk management and follow the trend.