December 8 SOL Strategy

Support Levels: 127.6, 123.1

Resistance Levels: 138.9, 146.9

If it does not break below 127.6, you can go long; add to positions at 123.1, with a self-contained stop loss. First take profit at 138.8, second take profit at 146.9. If it does not break above 138.9, you can go short; add to positions at 146.9, with a self-contained stop loss. First take profit at 127.6, second take profit at 123.1.

In the 4-hour chart for SOL, the upper Bollinger Band is descending, the middle band is descending, and the lower band is ascending. The Bollinger Band's opening is narrowing, with corresponding prices of the three lines: 138.9, 134.1, 129.5. The 1-hour chart shows a horizontal trend for the three Bollinger Band lines.

In the 4-hour chart, the short-term moving average MA5 crosses above MA10, MA10 is horizontal, and MA30 is descending. The market is running between MA10 and MA30. In the hourly chart, the short-term moving average MA5 is horizontal, MA10 is ascending, and MA30 is descending, with the candlestick operating between the short-term moving averages MA10 and MA30.

In the MACD 4-hour chart, the fast line is ascending below the 0 axis, while the slow line is descending and has just crossed. Bearish volume is weakening. In the hourly chart, the fast line crosses above the slow line from below the 0 axis, forming a golden cross, generating bullish volume.

In the RSI indicator, the 4-hour chart shows both lines ascending during normal trading phases, corresponding to values of 65 and 56. In the hourly chart, during normal trading phases, the buy line crosses above the sell line from below, forming a golden cross, with corresponding values of 65 and 60.