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11:20 midnight
Sol is currently at the position of 131.7, and a sudden drop has just occurred, with a large bearish candle directly breaking through the previous support level.
Subsequently, the price fluctuated at a low level, showing a slight stop-loss signal; however, the overall downward trend has still not been broken.
The price has fallen below the lower Bollinger Band and is in the oversold area, which typically indicates a potential technical rebound in the short term.
The KDJ indicator's J value has entered a deeply oversold zone, which is one of the signals for a short-term rebound.
The MACD indicator's dual lines have formed a death cross, and the MACD histogram is also continuing to expand, indicating that the current downward momentum remains strong.
The overall trend is still downward, but there is a possibility of a technical rebound as it has entered the oversold area.
Support level: The current price around 131 is a short-term support level. If this level is breached, it may further dip to the 130 mark.
Resistance level: The upper resistance level is around 135. If the price can rebound to this level, it may face certain pressure.
It is recommended to buy near the 128--125 position on a pullback, with the first target looking towards the 133 position, and the second target looking towards the 140 position.
The above is only personal advice and for reference only. Please refer to the layout of Haoyu Shipan for #sol .