Brothers, Jinchan just finished analyzing the 1-hour chart of SOL, this trend is more exciting than dancing, just yesterday it gathered enough momentum on the 140 support level and surged to the key line of 145, but then slipped and fell back down. Tonight it has to face the U.S. unemployment data, this 'data bomb', will this wave be a feast or a beating? Let's speak plainly today, no nonsense!
News
The U.S. unemployment data that will be released tonight at 21:30, if the data is above 220,000, it indicates poor employment in the U.S., and the Federal Reserve won't dare to raise interest rates, cryptocurrencies like this high-risk happy water will rise directly; if it's below 216,000, employment is too good, and the Federal Reserve may take action, SOL will take a hit. This data is tonight's 'switch for rising or falling', everyone should keep their hearts in their throats, you can't go wrong.
Technical analysis
The overall trend has been set early on to go up, but in the short term, it seems a bit sluggish; the green bars of the MACD are shrinking but still a death cross, meaning there is temporarily no strength to push up.
However, the RSI is about to fall into the oversold zone, which means it has dropped enough to take a breather and rebound. The current level of 145 is the critical point: If it can hold today, it will directly aim for the resistance level of 150; if it can't hold, it will retrace to the support level of 140, but as long as it doesn't drop below 138, it will be a consolidation phase to gain strength.
Jin Chan's heartfelt opinion: Before the data comes out tonight, don't blindly add positions or chase highs! It's highly likely to fluctuate between 140-145. If the data is good, lightly enter at 145 and take profits; if the data is bad and it breaks 140, then it’s a chance to pick up bargains since the overall trend is upwards, and dropping down is like giving away money.
Retail investors remember these two sentences:
Don't go all in! If it breaks 138, run immediately;
During those few minutes when the data comes out tonight, don’t be too quick with your hands; it’s easy to get 'spiked' and cut down like leeks!
Brothers, do you think SOL will aim for 150 tonight or sit at 140? Jin Chan will keep an eye on the market in real-time tonight! Do you want me to organize a precise operation point list for tonight?
If you don't know the specific entry and exit points, as well as for those holding positions, you can follow @金蟾说币 , Jin Chan will announce the daily coins and entry points as well as exit timings in the chat room 24 hours a day!!! #加密市场观察 $SOL
