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SOL 12.19 09:13 On December 19th review: Yesterday, SOL oscillated within a platform, adjusting to 122.13 before rising to 129. Then it sharply dropped to 116.71, followed by sideways movement in the 117-120 range. Overall, there are signs of oscillating upward.
Technical analysis from the hourly chart shows the Bollinger Bands' upper band rising, the middle band and lower band falling, with corresponding prices: 128-122-116. Currently, the short- and medium-term moving averages: MA5 is rising, M10 and M30 are falling. Trading volume has decreased. The MACD indicator is below the zero line with both lines trending downward, indicating weakening bearish momentum. The RSI on the hourly chart is in the normal zone, with the fast line trending downward and the slow line flat.
From the 4-hour chart, the Bollinger Bands' upper band is rising, the middle and lower bands are falling, with corresponding prices: 132-125-118. Currently, the MA5, M10, and M30 are all trending downward. Trading volume has decreased. The MACD indicator is below the zero line with both lines trending downward, indicating increasing bearish momentum. The RSI on the 4-hour chart is in the normal zone, with both lines trending downward.
Conclusion: Short-term range consolidation leans toward an upward correction. Range: 116-120.
Low buy strategy: During the decline, if it does not break 117, establish long positions; if it breaks below, establish at 116, with a stop loss at 114.
First take profit: 121
Second take profit: 122
High sell strategy: If it moves upward but does not break and stabilize above 122, establish short positions; add at 123, with a stop loss at 125.
First take profit: 119
Second take profit: 118