4.21 Solana SOL Short-term direction is unclear, where is the breakout opportunity after the Bollinger Bands narrow?


  
  Solana is currently at 85.7, has it been constantly bouncing in consolidation recently? It rises a little then drops, drops a little then rises, completely unable to determine the trend? Today, I will break down the daily and 4-hour charts in detail, including clear stop-loss points for longs and shorts. After reading, you'll know how to operate next, no more blind guesses!
  
  On the daily chart, it is in a weak recovery phase after a decline. The short-term moving averages EMA15 and EMA30 are flat, with prices oscillating near the moving averages. The long-term moving average remains in a bearish arrangement, indicating the main trend has not reversed. The MACD DIF and DEA are crossing near the zero line, with weak red bars, indicating a tug-of-war between bulls and bears; Bollinger Bands are continuously narrowing, with a range of 78.5-89.3, likely to break out with increased volume later.
  
  The 4-hour chart shows repeated oscillation within the 83.5-88 range, with EMA averages generally converging and flattening, showing clear sideways movement. The MACD DIF and DEA are below the zero line, with green bars shrinking, indicating weakening bearish momentum and signs of a reversal; the middle Bollinger Band at 85.7 nearly coincides with the current price, with the upper and lower bands continuously narrowing, the short-term trend is unclear, waiting for a breakout signal confirmation.
  
  North and South Entry Points
  
  Lower: 83.5-83, buy north, stop-loss at 81.8, target 87.5-88, breakout target 90-91
  
  Upper: 88-88.5, sell south, stop-loss at 89.3, target 84-85, breakdown target 82-83
  
  This kind of consolidation is the most frustrating. I’ve seen too many cases of being hit from both sides by chasing highs and selling lows. Instead of blindly opening orders, it’s better to wait for a breakout and follow the trend. Currently, market sentiment is cautious, Bitcoin is stagnant, and SOL also finds it hard to move independently. We should stick to key levels, not be greedy, and earn within our understanding. Don’t let the market’s emotions drive you. $SOL #比特币反弹
SOL0.82%
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