11.18 SOL Morning Analysis

Daily Level Analysis
· K-line pattern: The daily candlestick shows a large bearish break, with the price plummeting by 4.82% to 130.55, reaching a low of 128.82, completely breaking through the previous key support level of 134.42, forming a downward break structure.
· Bollinger Bands: The price has significantly broken below the middle line of the Bollinger Bands (139.34) and is moving towards the lower line (132.08). The Bollinger Bands are starting to widen downwards, indicating that there is room for further decline.
· MACD: DIF (-4.06) and DEA (-3.75) have formed a death cross below the zero axis, and the MACD histogram (-0.60) has turned negative, indicating a resurgence of bearish momentum.
· Key levels: 128.82 has become the new key support, while 139.34 (Bollinger Band middle line) has turned into significant resistance.
4-hour level analysis
· Trend Structure: The price has significantly retraced from the high point of 143.28, forming a clear downward trend. It accelerated downward after breaking the previous low support at 134.42, indicating strong bearish momentum.
· Moving Average System: The moving averages of all time periods are in a bearish arrangement, with the short-term moving average forming resistance around 135.
· MACD: The DIF and DEA quickly decline after a death cross near the zero axis, and the negative value of the MACD histogram amplifies, indicating strong bearish momentum.
· Volume and price relationship: Net inflow of $11.67 million indicates that funds are bottom-fishing at the current position, but failed to stop the price from falling.
Comprehensive judgment
SOL has confirmed a daily level breakdown and the technical outlook has turned completely bearish. After the price fell below the key support of 134.42, the downside has been opened up. Although there are some bottom-fishing activities, the bearish momentum is in absolute control, and any rebound is an opportunity to short.
Operation Recommendations
· Short Position Strategy:
· Sell in batches at the 133-135 range on the pullback, target 130-128
· After breaking below 128.82, rebound to short, target 120-122
· Long Position Strategy:
· A stabilization signal appears in the 128-126 range, you can try going long with a light position, targeting 132-135.
· Break above 138 and retest to go long, target 142-145
Risk Warning: SOL is in a strong downtrend, do not blindly try to catch the bottom. It is recommended to focus on shorting at highs, and long positions should only be attempted with light positions at key support levels. Pay close attention to the support effect at the previous low of 128.82; if it effectively breaks down, it will open up greater downward space.
Overall, the short-term trend of SOL is extremely weak. It is recommended to look for short-selling opportunities near the resistance level during a rebound, with strict risk control to avoid counter-trend operations. Although there is some bottom-fishing, the strength is insufficient, and we need to wait for clear stabilization signals. #当前行情抄底还是观望？