SOL's recent performance doesn't look like a rebound; it appears more like a long-planned reversal.
From a macro perspective, the bottom has already been established. Short-term oscillations? That's just shaking out those less committed positions. Don't be disturbed by the fluctuations on the 1-hour chart.
Looking at the daily chart, SOL has just broken through the middle band of the Bollinger Bands at 126.9, which is a significant signal. More importantly, the daily MACD green histogram continues to expand, and the DIF has successfully crossed above the DEA. This is a classic trend reversal signal.
Yes, the 4-hour chart looks a bit tired, but that precisely indicates that the indicators are repairing. As long as the 4-hour middle band at 135.31 holds, each pullback is preparing for the next surge higher.
For traders aiming to make a 20% profit, this oscillation zone is the best opportunity to position for a trend breakout. Don't get caught up in the noise on the 1-hour chart; focus on the daily chart, with the target in the 146-150 resistance zone.
The trading strategy is clear: hold the daily middle band, wait for pullbacks as opportunities, and aim directly at the next resistance zone.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
BearMarketSurvivor
· 4h ago
Starting to hype SOL again... It sounds pretty good, but let's see if it can hold the 135 level.
View OriginalReply0
MetadataExplorer
· 01-06 13:53
To be honest, I've heard this narrative too many times. Every time they say the bottom has been established, but what happens? Anyway, I don't trust the 1-hour chart anymore; it's too easy to be fooled.
View OriginalReply0
mev_me_maybe
· 01-06 13:49
Uh... is it the Bollinger Bands and MACD again? I think, ultimately, it depends on whether it can really hold the 135.31. All these indicators are pointless if it can't hold that level.
View OriginalReply0
NervousFingers
· 01-06 13:43
SOL this time is indeed interesting, but I'm just worried it might be the usual routine of cutting leeks again.
SOL's recent performance doesn't look like a rebound; it appears more like a long-planned reversal.
From a macro perspective, the bottom has already been established. Short-term oscillations? That's just shaking out those less committed positions. Don't be disturbed by the fluctuations on the 1-hour chart.
Looking at the daily chart, SOL has just broken through the middle band of the Bollinger Bands at 126.9, which is a significant signal. More importantly, the daily MACD green histogram continues to expand, and the DIF has successfully crossed above the DEA. This is a classic trend reversal signal.
Yes, the 4-hour chart looks a bit tired, but that precisely indicates that the indicators are repairing. As long as the 4-hour middle band at 135.31 holds, each pullback is preparing for the next surge higher.
For traders aiming to make a 20% profit, this oscillation zone is the best opportunity to position for a trend breakout. Don't get caught up in the noise on the 1-hour chart; focus on the daily chart, with the target in the 146-150 resistance zone.
The trading strategy is clear: hold the daily middle band, wait for pullbacks as opportunities, and aim directly at the next resistance zone.