12.11 Evening SOL Analysis:
After reaching the bottom of 123 at the beginning of the month, SOL surged to a maximum of 146 this month, then yesterday it surged to 144 and pulled back by 10 points. Early in the morning, Powell's speech caused another surge to 142, leading to a sell-off. Both surges failed to break the previous high, and now it has returned to the strong resistance level of 130. The 4k line is still oscillating back and forth in a box. Currently, it has reached the bottom of the oscillation box. Regardless of whether the market continues to sell off or moves upward, there should be a bounce up.
Because selling off without a upward lure is clearly not profitable for the manipulators, it is said that being bullish carries the risk of floating losses. However, it seems like a trade that won't incur losses. As the saying goes, when others are fearful, I am greedy. Every day, I study which technical flow to follow. This channel still needs to thoroughly understand human nature. Keep a light head and a heavy tail to allow for room to adjust positions. Brothers who are scared can slightly enter at the end position. Don't talk too much; start being real (strategies are for personal entertainment and should not be used as a basis for trading).
SOL market price around 130-127 for long positions, replenishing: comment area to be determined.
First tier looks at 135-132
Second tier looks at 141-138, structure level at 146