Looking at the recent trend of SOL, I think many people have misunderstood it. After a rapid pump in the early stage, there were no signs of dumping; instead, it repeatedly oscillated and consolidated at high levels with small candlesticks — this is a hallmark of a strong market, a rhythm of exchanging time for space.
On the four-hour chart, the price is consistently running above the middle band of the Bollinger Bands. Each time it retraces near the middle band, there is support from lower shadows, and the lows are gradually rising, indicating that there is continuous buying support. This means that the upward structure has not been broken, and the foundation of the main upward trend is still intact.
The one-hour level is clearer. After rushing to around 128, there were indeed some profit takers, but the drop was well controlled, with the candlestick bodies not being large, and there was no continuous volume decline situation. Essentially, it is just a technical digestion after the previous pump, not a signal of weakening.
So this is not the range I want to avoid, but rather the timing to get in. The key support has not been broken, and it is highly likely that it will strengthen again.
In terms of operations, gradually enter long positions around 125.8–126.2, targeting the 131–133 range. Remember to manage risk well, with the stop loss point below the key support.
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ProveMyZK
· 8m ago
Thorough analysis, ready to go long
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AirdropSkeptic
· 12-22 23:50
The low point is the entry position.
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GateUser-e19e9c10
· 12-22 20:46
The bears are going to cry.
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FlippedSignal
· 12-22 20:45
amazing analysis copy trading
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Liquidated_Larry
· 12-22 20:44
All in without pressure
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ShitcoinConnoisseur
· 12-22 20:43
Gave a thumbs up to the master.
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UncleWhale
· 12-22 20:40
Just take the ride and it's done.
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GhostChainLoyalist
· 12-22 20:38
Analyze with precision, accuracy, and decisiveness.
Looking at the recent trend of SOL, I think many people have misunderstood it. After a rapid pump in the early stage, there were no signs of dumping; instead, it repeatedly oscillated and consolidated at high levels with small candlesticks — this is a hallmark of a strong market, a rhythm of exchanging time for space.
On the four-hour chart, the price is consistently running above the middle band of the Bollinger Bands. Each time it retraces near the middle band, there is support from lower shadows, and the lows are gradually rising, indicating that there is continuous buying support. This means that the upward structure has not been broken, and the foundation of the main upward trend is still intact.
The one-hour level is clearer. After rushing to around 128, there were indeed some profit takers, but the drop was well controlled, with the candlestick bodies not being large, and there was no continuous volume decline situation. Essentially, it is just a technical digestion after the previous pump, not a signal of weakening.
So this is not the range I want to avoid, but rather the timing to get in. The key support has not been broken, and it is highly likely that it will strengthen again.
In terms of operations, gradually enter long positions around 125.8–126.2, targeting the 131–133 range. Remember to manage risk well, with the stop loss point below the key support.