11.4SOL midday analysis thoughts

The current price of SOL at 166 is near the lower boundary, showing obvious short-term weakness characteristics. After approaching the lower boundary, there is a slight rebound, with the lower boundary being the core support level in the short term.

K value 14.70, D value 18.11, J value 7.90, the three lines are in the oversold area and have not formed a golden cross. Although there is an expectation of a short-term rebound, the momentum is relatively weak.

DIF (-6.06) is below DEA (-4.51), the MACD histogram is negative, the medium-term trend is bearish, and the bearish momentum has not yet shown significant weakening.

Support levels to pay attention to: if it breaks down below 163, you can look at the previous low or the integer range of 155-160.
Key resistance levels to watch: if it breaks upward, we can look at the 190-195 range.

Operation Suggestions
In the short term, you can rely on the 163 support to lightly speculate on a rebound. When the rebound approaches around 179.70, pay close attention to the pressure situation; if it encounters resistance, consider reducing positions. If the 163 support is broken, be wary of further downside risks.
You can wait for the pressure test results near 179.70 for a rebound, or the confirmation signal for support near the lower track at 163, before making a directional choice $SOL .