$SOL #索拉纳

12.18-Ji Ru Feng Market Analysis (SOL):

Looking back at SOL, it has recently continued to decline from a high of 205, reaching a low near 121, with a drop of over 40%, which is a typical short-term oversold trend, indicating a demand for rebound and repair in the technical aspect; the key support level of 120 has been tested multiple times without breaking, forming a strong support level in the phase, and the selling pressure has been fully released.

Currently, the difference between MA7 and MA30 continues to narrow, indicating that the short-term downward momentum is weakening. After stabilizing without breaking the support level, the candlestick chart shows a bottoming pattern of more bullish candles than bearish ones, and the short-term moving averages show signs of turning upwards.

In the later stages of the decline, the trading volume gradually shrinks, which conforms to the technical characteristic of 'low volume indicating low price'. Recently, the candlestick chart has shown hammer patterns and bullish engulfing patterns, indicating that bulls are beginning to attempt a counterattack.

Next, the specific bullish operation strategy can be to buy in batches in the range of 118-123. If it breaks down below 120, stop loss and exit at 115, with an upward target of 135-150.