September 9th, midday SOL recommendation

In the four-hour SOL chart, the Bollinger Bands are generally narrowing, with the upper band beginning to curve downward. After a high-level correction, the price has rebounded above the middle band, but the channel contraction indicates reduced market volatility, which usually suggests an upcoming directional move. The current structure leans more towards a downward breakout.

Although the lower band of the Bollinger Bands is currently in a relatively low position, it often fails to provide effective support during the narrowing process. Meanwhile, the bullish momentum indicated by the MACD remains weakening, with the red energy bars gradually shortening, and the DIF line and DEA line gradually converging, showing a potential for a death cross, further reinforcing the short-term trend turning bearish. Overall, the price rebound is weak, and it is highly likely to break below the middle band support and further test the lower band area.

Trading suggestion
Short near 141-143 on rebound, target down to 135-130.
#GT2025第四季度销毁完成 #Gate广场创作者新春激励