SOL is currently trading around 140.7. From the hourly chart, the price is in the lower band range of the Bollinger Bands and is fluctuating narrowly near the lower band, indicating a short-term bearish trend; however, there is support at the lower band, and the recent candlesticks are primarily small bearish and bullish candles with short upper and lower wicks. This suggests that although the short positions have a slight advantage in the Bull vs Bear Battle, it is difficult to form an effective break, and the short-term probability is to maintain range-bound consolidation.
It should be noted that the KDJ three lines are at a low level, releasing a short-term oversold signal, which means there is a slight rebound demand in the market—this does not indicate a trend reversal, but rather provides a better entry window for high short positions.
Morning operation suggestion: Wait for the market to rebound to the 140-141 range to position short positions, targeting a drop to 139-137.
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SOL is currently trading around 140.7. From the hourly chart, the price is in the lower band range of the Bollinger Bands and is fluctuating narrowly near the lower band, indicating a short-term bearish trend; however, there is support at the lower band, and the recent candlesticks are primarily small bearish and bullish candles with short upper and lower wicks. This suggests that although the short positions have a slight advantage in the Bull vs Bear Battle, it is difficult to form an effective break, and the short-term probability is to maintain range-bound consolidation.
It should be noted that the KDJ three lines are at a low level, releasing a short-term oversold signal, which means there is a slight rebound demand in the market—this does not indicate a trend reversal, but rather provides a better entry window for high short positions.
Morning operation suggestion: Wait for the market to rebound to the 140-141 range to position short positions, targeting a drop to 139-137.