$SOL 10. On the 13th, at 1:36, SOL intraday analysis shows that the trend of SOL appears to be stronger than ETH but also more dangerous. An RSI of 84.59 is a signal that requires great respect.
The ideal trend is for the price to consolidate at this level, digesting the overbought indicators over time, rather than continuing to surge. For us, extreme patience is needed at this moment.
Core Situation: Strong breakout, but severely overbought in the short term. SOL is currently in a very clear strong upward trend and has broken through key resistance levels. However, like the previous ETH, it has entered the 'danger zone' for short-term trading, with high risks of chasing highs.
Current Price Action Advice, Core Idea: Trend is king, but do not chase highs. Waiting for a pullback to support levels before entering is where the bulls find their winning percentage.
Conservative Strategy (Preferred)
Action: Patiently wait for a pullback, Reason: RSI(6) exceeds 84, buying at this point is like 'taking chestnuts from the fire', with a poor risk-reward ratio.
Plan: First ideal long entry point is a pullback to the Bollinger Band middle line around 181.36, and observe whether it stabilizes.
Second ideal long entry point: If the pullback is deeper, near the previous support around 176.30 is a stronger entry signal.
Stop loss set below 175, target looking upwards again to 195, after breaking through, look to 200-210.
Aggressive Strategy High Risk
Scenario 1: Breakout long entry waiting for the price to effectively break and stabilize above the historical high of 195.77, target 200 -> 210, stop loss at 192 breaking below the Bollinger Band upper line, if a false breakout, exit immediately, key point is that the position must be light, this is an extreme continuation of the trend.
Scenario 2: Betting on a pullback to short is extremely high risk, trying to short with very light positions near the current price of 195, betting on a technical pullback after severe RSI overbought. Target 186 -> 181, stop loss at 196.5 breaking the previous high is a stop loss. This is a counter-trend operation in a strong upward trend, easily 'short-squeezed' by a continued surge, with a low success rate.
Key Monitoring Points:
Strong resistance at 195.77 previous high, breaking through opens up space to 200+.
Initial support at 186.50 breaking down confirms the start of a short-term pullback.
Core support at 181.36 Bollinger middle line, the lifeline of the trend.
Strong support at 176.30 previous platform, the last defense line for the bulls.
The ideal trend is for the price to consolidate at this level, digesting the overbought indicators over time, rather than continuing to surge. For us, extreme patience is needed at this moment.
Core Situation: Strong breakout, but severely overbought in the short term. SOL is currently in a very clear strong upward trend and has broken through key resistance levels. However, like the previous ETH, it has entered the 'danger zone' for short-term trading, with high risks of chasing highs.
Current Price Action Advice, Core Idea: Trend is king, but do not chase highs. Waiting for a pullback to support levels before entering is where the bulls find their winning percentage.
Conservative Strategy (Preferred)
Action: Patiently wait for a pullback, Reason: RSI(6) exceeds 84, buying at this point is like 'taking chestnuts from the fire', with a poor risk-reward ratio.
Plan: First ideal long entry point is a pullback to the Bollinger Band middle line around 181.36, and observe whether it stabilizes.
Second ideal long entry point: If the pullback is deeper, near the previous support around 176.30 is a stronger entry signal.
Stop loss set below 175, target looking upwards again to 195, after breaking through, look to 200-210.
Aggressive Strategy High Risk
Scenario 1: Breakout long entry waiting for the price to effectively break and stabilize above the historical high of 195.77, target 200 -> 210, stop loss at 192 breaking below the Bollinger Band upper line, if a false breakout, exit immediately, key point is that the position must be light, this is an extreme continuation of the trend.
Scenario 2: Betting on a pullback to short is extremely high risk, trying to short with very light positions near the current price of 195, betting on a technical pullback after severe RSI overbought. Target 186 -> 181, stop loss at 196.5 breaking the previous high is a stop loss. This is a counter-trend operation in a strong upward trend, easily 'short-squeezed' by a continued surge, with a low success rate.
Key Monitoring Points:
Strong resistance at 195.77 previous high, breaking through opens up space to 200+.
Initial support at 186.50 breaking down confirms the start of a short-term pullback.
Core support at 181.36 Bollinger middle line, the lifeline of the trend.
Strong support at 176.30 previous platform, the last defense line for the bulls.