On December 26th during the midnight hours, the 1-hour K-line of SOL shows a clear upward trend has already formed. Especially since the key resistance level from earlier was successfully broken through, indicating that the bulls are indeed in the dominant position.
From the current trend, the price has stabilized above an important moving average. As long as there is no recent support level breakdown, it is highly likely to continue moving higher. SOL trading strategy: Consider going long in the 120-122 range, with a stop loss around 118. The upward targets can focus on the resistance zones at 130, 135, and 140. The key is to hold the support and follow the trend.
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On December 26th during the midnight hours, the 1-hour K-line of SOL shows a clear upward trend has already formed. Especially since the key resistance level from earlier was successfully broken through, indicating that the bulls are indeed in the dominant position.
From the current trend, the price has stabilized above an important moving average. As long as there is no recent support level breakdown, it is highly likely to continue moving higher.
SOL trading strategy: Consider going long in the 120-122 range, with a stop loss around 118. The upward targets can focus on the resistance zones at 130, 135, and 140. The key is to hold the support and follow the trend.