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10.22 Morning BNB and Sol Market Analysis
$BNB shows a clear downward trend from the 4-hour candlestick chart. The price has continuously retreated from the previous high of 1374.61, and today it has fallen below the 30-day moving average support at 1092.61. The current price is 1055.86, creating a new low for this phase at 1051.01, with short-term downward momentum still present. Support below is focused on the round number of 1000, while resistance above is initially seen at 1092.61. If there is a rebound that breaks through, we can further look at the 1150 area.
Operational Ideas:🌟🔥🌟🔥
Bounce back to the 1070 - 1090 range, you can take a small position to go long, targeting down to around 1020 - 1000, and if it breaks, continue looking down to around 975.
$SOL From the 4-hour K-line, it is also in a downward trend, with the price falling from 229.69, today breaking below the 30-day moving average support at 187.05. The current price is 184.55, with the recent low of 141.28 serving as strong support. Support is in the range of 180 - 170, while resistance is initially at 188.10; if it breaks through, we could see the 195 - 200 area.
Operation idea:
If it rebounds to the 188 - 195 range, you can take a light position to short, with a target looking down near 180 - 175, and if it breaks down, continue looking down near 168.
#BNB $SOL #HaveYouUsedGateVaultToday?