$SOL/USDT

Current Price: 222
Target price:

- TP1: 227 (neckline breakout level)
- TP2: 235 (Fibonacci 61.8% extension level)
Stop-loss price: below 218

Reason for Purchase:

1. Validity of Support:
- The 218 area is the Fibonacci 61.8% retracement level (from the drop segment of 259 to 218) + MA(50) support
- The trading density in this area has reached 2.8 times the 30-day average, forming a strong support.
2. Trend Structure:
- The weekly level is in a descending channel (connecting 259 to 227), oscillating in the short term between the 218-227 range.
- Daily RSI(14)=48 (neutral), MACD green bars shorten, dual lines approach golden cross.
3. Breakthrough Potential:
- After breaking 227, open up the upward space of 235+ (Fibonacci 61.8% extension level)
- If a valid breakout occurs, it may trigger the liquidation of 1.8x leveraged contracts.

Key technical features:

- Morphological parameters:
- Rectangular consolidation range: 218-227 (duration of 12 trading days)
- Neckline position: 227 (connecting to the top edge of the box)
- Fibonacci Extension:
- 227 = (218 → 222 increase) × 1.618 + 222
- 235 = (218 → 222 increase) × 2.618 + 222
- Wave Structure:
- Currently in the 4th wave adjustment of the descending 5 waves (218→227)
- Break above 227 or confirm the end of the 5th wave decline to start a new upward trend.

This content is for reference only and does not constitute investment advice.