11.16 SOL Morning Thoughts

Daily level analysis
· K-line pattern: The daily line continues to show a downward trend, with the price dropping 1.08% to 139.46, oscillating within the range of 135.76-144.69, and the daily line shows characteristics of low-level consolidation.
· Bollinger Bands: The price continues to operate below the middle band (145.01), the Bollinger Bands are narrowing downwards, with the lower band (133.62) providing support, and the middle band forming a key resistance level in the recent period.
· MACD: DIF (-4.52) and DEA (-4.63) are closely bound below the zero axis, and the MACD histogram (0.23) has slightly turned positive, indicating that the bullish and bearish momentum is in a balanced state and is about to choose a direction.
· Key levels: The support at 135.76 remains intact, while 145.01 (Bollinger Band midline) is an important resistance level in the near term.
4-hour level analysis
· Trend structure: The price is oscillating within the range of 138.61-144.69, forming a clear rectangular consolidation pattern. It has repeatedly tested the 138 support without breaking it, but the rebound strength is limited.
· Moving Average System: The moving averages of all periods are in a bearish arrangement, with the short-term moving averages forming resistance in the range of 142-144.
· MACD: The DIF and DEA formed a golden cross below the zero axis, and the MACD histogram turned positive but with weak momentum, indicating insufficient rebound strength.
· Price-Volume Relationship: Net inflow of $10.95 million indicates that funds are positioning at the current level, but the trading volume is relatively dull.
Comprehensive judgment
SOL is forming a consolidation pattern in the range of 135-145, with technical indicators showing a temporary balance between bullish and bearish forces. The MACD indicator has shown a slight strengthening signal, but the overall trend has not yet clearly turned bullish. Attention should be paid to the direction of the breakout; a breakout above 145 will open up rebound space, while a breakdown below 135 will initiate a new decline.
Operation Suggestions
· Short Position Strategy:
· Gradually short in the 143-145 range, with a target of 138-136.
· After breaking below 135, rebound to short, target 128-125
· Long Position Strategy:
· Stabilize and go long in the 138-136 range, target 142-144
· After breaking 145, buy on the pullback, target 152-155
Risk Warning: SOL is at a critical decision point, it is recommended to operate with a light position and set strict stop-loss orders. Pay close attention to the breakout situation of the 135 support level and the 145 resistance level; an effective breakout will initiate a new trend.
Overall, SOL is expected to continue its short-term fluctuations and consolidation. It is recommended to sell high and buy low within the range, and to follow the trend after a breakout. The current technical outlook is slightly bearish, but the downward momentum has slowed. #美国结束政府停摆