2025.12.22


On December 21, the review of SOL shows that it remained in a sideways consolidation state during the day yesterday. Last night, the price dropped to the middle band of the 4-hour Bollinger Bands at 123, rebounded to the current 127, and is now in a range of sideways consolidation.
Bollinger Bands
The current 4-hour chart is in the upward retracement phase after a decline. If the rise does not stabilize, the 4-hour MA5 will continue to fall. The Bollinger Bands are narrowing, with the upper band trending downwards, the middle band trending upwards, and the lower band trending upwards, showing a bias towards the upside.
The three lines correspond to prices 128, 125, 121
The bullish volume on the 4-hour level is likely to continue the upward trend.
The bullish volume in the past hour has started to increase, which may indicate a continuation of the upward trend.

Moving Average: The 4-hour chart shows a compound crossover of MA5 and MA10, with the K-line positioned above the short-term moving averages MA5 and MA10.
In the 1-hour chart, the ma5 and ma10 are rising parallel, and the K line is above the short-term moving averages ma5 and ma10.
MACD
The MACD indicator is above the zero line on the 4-hour chart, and the bullish momentum is increasing.
The 1-hour is above the 0 axis with an increase in bullish volume.
RSI Indicator
The 4-hour RSI indicator is currently in the overbought trading range with both lines descending to the corresponding areas of 100 and 91.
The 1-hour RSI indicator is currently in the normal trading range, with the upper line corresponding to 79 and the lower line to 51.

Conclusion: The market is fluctuating within the range of 125-128.

Resistance levels: 129, 132, 134
Support levels; 125, 123, 121
High-altitude strategy: around 129 head position
First take profit: 126 Second take profit: 124
Long strategy: Build positions near 124
First take profit: 126 Second take profit: 128
SOL-1,64%
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MahjongTalksAboutTradingvip
· 2025-12-22 07:23
Merry Christmas, bull up! 🐂
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