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January 1st SOL Technical Analysis (As of 12:16, Price approximately 126.2 USD)
Core Judgment: Daily chart is slightly bearish + 4-hour consolidation + hourly weak bullish trend. During the holiday with low liquidity, focus on the 125.0–127.5 range for trading, with key levels at 127.0 and 125.0.
Key Price Levels (USD)
- Resistance: 127.0 (4-hour upper band) → 129.0 (psychological level + previous high) → 132.0 (medium-term resistance)
- Support: 125.0 (intraday weak support) → 123.5 (24H low) → 121.0 (medium-term moving average) → 118.8 (strong support)
Indicators and Patterns
- Daily: Facing EMA30 resistance, moving averages are in a bearish alignment; RSI≈42 (neutral to slightly bearish), MACD dead cross with decreasing momentum, downward momentum weakening but trend not yet bullish
- 4-hour: Consolidating with upper band at 127.0 acting as resistance, lower band at 125.0 as support; RSI neutral, no clear direction
- Hourly: RSI leaning bullish, MACD slight golden cross, limited short-term bullish momentum, susceptible to liquidity fluctuations
Trading Strategy (Actionable)
- Short-term (Intraday): Buy low and sell high within the range. Small long positions at 125.0–125.5 with stop-loss at 124.0 and target at 127.0; light short positions near resistance at 127.0 with stop-loss at 128.0 and target at 125.5; single position size ≤10%, quick in and out
- Mid-term (1–2 weeks): Build positions gradually at 123.0–126.0, total position ≤30%; hold at 121.0, reduce or wait if broken; after breaking above 129.0, add positions and look for 132.0
- Risk Management: Strict stop-loss during low liquidity, avoid heavy positions and high leverage; monitor BTC correlation and ETF capital flows