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Congratulations to the boss for eating meat in 2026 1.8SOL. Yesterday's strategy reached the target level, and the boss following the trades enjoyed a profitable wave.
Review on January 7th: Last night, SOL pulled back to a low of 134, touching the 4-hour MA30, then rebounded. It has now reached 137. Currently, it is in a rebound after a decline, and if it cannot stabilize above MA5, it will continue to fall.
The current 4-hour chart shows a rebound after a decline, indicating a correction phase. If it cannot hold steady, the 4-hour MA5 will continue to decline. The Bollinger Bands are narrowing, with the upper band pointing downward, the middle band rising, and the lower band rising.
The three lines correspond to prices 141, 137, 133.
On the 4-hour timeframe, bullish volume is weakening, possibly indicating a continued upward trend.
On the 1-hour timeframe, bullish volume is beginning to strengthen, possibly indicating a continued upward trend.
Moving Averages: The 4-hour MA5 and MA10 have a death cross and are trending downward. The K-line is between the short-term MAs MA5 and MA10.
On the 1-hour chart, MA5 and MA10 form a golden cross and are trending upward. The K-line is above the short-term MAs MA5 and MA10.
MACD:
MACD indicator:
On the 4-hour chart, below the zero line, bearish momentum is weakening.
On the 1-hour chart, above the zero line, bullish momentum is increasing.
RSI Indicator:
The 4-hour RSI is currently in the oversold zone, with a bullish crossover upward in the zones 7 and 3.
The 1-hour RSI is currently in the overbought zone, with a death cross downward in the zones 87 and 75.
Conclusion: The market is oscillating and rising. Expected levels:
Resistance levels: 138, 140, 142
Support levels: 136, 134, 131
High short strategy: Short around 141
First take profit: 139, second take profit: 137
Low long strategy: Enter around 135
First take profit: 137, second take profit: 139