Looking at the four-hour chart, the major trend has fallen from 205 at the end of October to 121. This round of the four-hour cycle can consider 121 as a support level. Subsequently, it did indeed bounce back to 145. Starting from 145, I believe we can consider this as the second round of the four-hour cycle. From the chart, we can also see that this round of cycle rebound can only be established as a reversal of the major trend after breaking through 145. If the trend reversal cannot be established, it will certainly break 121 and go to a lower position. Of course, this will take time to complete verification.
From a smaller perspective, after touching 123 yesterday, it started to rebound. For the short-term rebound to recover, it at least needs to break through the two levels of 130-133. Only by breaking through here will there be a possibility of a high reversal in the market. If it fails to break through, then the market will continue to retrace and test the bottom support. On the left side, pay attention to around 121, and do not hold on for too long after breaking below 120. Once it breaks, it will enter the second round of the four-hour cycle, and we need to watch for 110-100 below. On the right side, wait for the breakthrough at 133, and only participate if it retraces and does not break below 130.
I am Yao Yang, if you like me, please follow and give a thumbs up #十二月降息预测
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis of SOL's future trend:
Looking at the four-hour chart, the major trend has fallen from 205 at the end of October to 121. This round of the four-hour cycle can consider 121 as a support level. Subsequently, it did indeed bounce back to 145. Starting from 145, I believe we can consider this as the second round of the four-hour cycle. From the chart, we can also see that this round of cycle rebound can only be established as a reversal of the major trend after breaking through 145. If the trend reversal cannot be established, it will certainly break 121 and go to a lower position. Of course, this will take time to complete verification.
From a smaller perspective, after touching 123 yesterday, it started to rebound. For the short-term rebound to recover, it at least needs to break through the two levels of 130-133. Only by breaking through here will there be a possibility of a high reversal in the market. If it fails to break through, then the market will continue to retrace and test the bottom support. On the left side, pay attention to around 121, and do not hold on for too long after breaking below 120. Once it breaks, it will enter the second round of the four-hour cycle, and we need to watch for 110-100 below. On the right side, wait for the breakthrough at 133, and only participate if it retraces and does not break below 130.
I am Yao Yang, if you like me, please follow and give a thumbs up #十二月降息预测