On January 8th, SOL experienced a correction followed by low-range consolidation. The core support is at 134.40-135.00, with key resistance at 138.00-139.00. The strategy is primarily "buying on dips, with occasional short-term shorts," and to follow the trend after breakout or breakdown.
1. Daily Trend and Key Zones
- Trend: Yesterday's correction continued, with the lowest at 134.44 today. After rebounding to 137.00, it pulled back and is now trading sideways around 136.00, indicating a balance between bulls and bears. - Resistance: 138.00-139.00 (intraday rebound high + moving average resistance); 140.00-141.50 (yesterday's lower range, short-term defense zone for bears). - Support: 134.40-135.00 (today's low + previous support level, short-term bullish lifeline); 132.00-133.00 (7-day SMA + integer level, medium-term defense bottom).
2. Multi-Timeframe Indicator Signals
- Daily: RSI 48.3 (neutral to slightly weak), MACD decreasing in red bars, price oscillating near the 50-day moving average, medium-term bullish but weakening momentum. - 4-Hour: RSI 45.7, MACD bearish crossover downward, green bars slightly expanding, price below the midline, need increased volume to break above midline and strengthen. - 1-Hour: RSI 51.2, price stabilizing at the lower boundary of the descending channel, with short-term lower shadows, indicating buying interest. Watch for rebound strength and volume.
3. Trading Strategies (with levels and risk control)
- Long Positions: Enter gradually at 134.40-135.00, stop-loss at 133.00, target 138.00-139.00, and look for a breakout above 140.00-141.50. - Short Positions: Lightly try at 138.00-139.00, stop-loss at 139.80, target 135.50-136.00, and watch for a breakdown below 134.40. - Key Risk Control: If the 4-hour close drops below 133.00, exit longs; if it stabilizes above 139.00, stop out shorts and consider switching to longs.
4. Key Observation Points
- Volume: Rebounds without volume are prone to pullback; only a volume breakout above 139.00 confirms a shift to strength. - Correlation: Monitor BTC movements and evening non-farm payroll data. A strong dollar may suppress risk assets, so adjust positions flexibly.
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On January 8th, SOL experienced a correction followed by low-range consolidation. The core support is at 134.40-135.00, with key resistance at 138.00-139.00. The strategy is primarily "buying on dips, with occasional short-term shorts," and to follow the trend after breakout or breakdown.
1. Daily Trend and Key Zones
- Trend: Yesterday's correction continued, with the lowest at 134.44 today. After rebounding to 137.00, it pulled back and is now trading sideways around 136.00, indicating a balance between bulls and bears.
- Resistance: 138.00-139.00 (intraday rebound high + moving average resistance); 140.00-141.50 (yesterday's lower range, short-term defense zone for bears).
- Support: 134.40-135.00 (today's low + previous support level, short-term bullish lifeline); 132.00-133.00 (7-day SMA + integer level, medium-term defense bottom).
2. Multi-Timeframe Indicator Signals
- Daily: RSI 48.3 (neutral to slightly weak), MACD decreasing in red bars, price oscillating near the 50-day moving average, medium-term bullish but weakening momentum.
- 4-Hour: RSI 45.7, MACD bearish crossover downward, green bars slightly expanding, price below the midline, need increased volume to break above midline and strengthen.
- 1-Hour: RSI 51.2, price stabilizing at the lower boundary of the descending channel, with short-term lower shadows, indicating buying interest. Watch for rebound strength and volume.
3. Trading Strategies (with levels and risk control)
- Long Positions: Enter gradually at 134.40-135.00, stop-loss at 133.00, target 138.00-139.00, and look for a breakout above 140.00-141.50.
- Short Positions: Lightly try at 138.00-139.00, stop-loss at 139.80, target 135.50-136.00, and watch for a breakdown below 134.40.
- Key Risk Control: If the 4-hour close drops below 133.00, exit longs; if it stabilizes above 139.00, stop out shorts and consider switching to longs.
4. Key Observation Points
- Volume: Rebounds without volume are prone to pullback; only a volume breakout above 139.00 confirms a shift to strength.
- Correlation: Monitor BTC movements and evening non-farm payroll data. A strong dollar may suppress risk assets, so adjust positions flexibly.