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【SOL 1-Hour Chart: Oversold Zone Weak Volatility】
The price is consolidating at a low level after a deep decline. RSI (21.3) enters the extreme oversold zone, but the rebound strength is weak. Overall, it remains under the pressure of moving averages, and the bearish structure is solid.
Core Viewpoint: The trend is bearish; any rebound is a resistance.
· Key Resistance: 137 (MA20), 139 (MA30). Rebounding to these levels is an ideal short entry point.
· Key Support: 130 (integer level), 128.6 (previous low). Falling below this opens the downside space.
· Trading Strategy:
· Short: Wait for the price to rebound to the 136-137 area, and enter if signs of stagnation appear. Set stop-loss above 139, target at 130, and hold through breakouts.
· Long (high risk short-term): Only when the price quickly drops to the 128.6-130 area and strongly pulls back, can a very small position be used to bet on a rebound to 134-135, with strict stop-loss below 128.
· Summary: The overall bearish pattern remains unchanged. Oversold conditions may trigger a rebound but are unlikely to reverse the trend. Until the price breaks above 139, maintain a short bias on rallies.
Subscribers can access linked short strategies for SOL and BTC/ETH, as well as real-time oversold rebound monitoring.
Disclaimer: The above analysis is for market opinion sharing only and does not constitute any investment advice. Cryptocurrency volatility is extremely high; please ensure proper risk management and independent decision-making.