Based on the current technical analysis of SOL, I have compiled a practical trading strategy.
**In the short term**, if the price can break through 126.5 and stabilize, consider opening small long positions, targeting the 128-130 range, with a stop loss at 124.4. Conversely, if the price falls below 124.5 and the hourly MACD shows weakening signals, you can try short positions, targeting 122.5-123, with a stop loss at 126.6.
**In the medium term**, caution is advised. The current daily EMA(99) is firmly below 152.45, indicating a still bearish medium-term trend. Instead of chasing highs, wait for a rebound to the 128-130 zone to gradually build short positions, with a stop loss at 132. Unless the weekly close can stay above 140, it’s better not to rush into a trend reversal long position.
**Risk control is crucial**. Limit each trade to within 4% of your total capital as a basic rule. The 124.5-126.5 range is a battleground between bulls and bears; frequent trading can easily lead to being caught in a trap. Always keep an eye on BTC and ETH movements, as SOL’s correlation is usually strong.
Resistance levels from low to high are 126.5→128→130, support levels are 124.5→122.5→120.
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.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
GasFeeVictim
· 8h ago
126.5 can't be broken, feels a bit doubtful. We're still entangled in this wave...
View OriginalReply0
AirDropMissed
· 8h ago
126.5 is indeed a difficult level. Every time, it gets pushed back here. Hopefully one day it can break through in one go.
View OriginalReply0
BlockchainGriller
· 9h ago
Hmm... this EMA suppression looks pretty intense. In the medium term, you really need to take it easy.
Based on the current technical analysis of SOL, I have compiled a practical trading strategy.
**In the short term**, if the price can break through 126.5 and stabilize, consider opening small long positions, targeting the 128-130 range, with a stop loss at 124.4. Conversely, if the price falls below 124.5 and the hourly MACD shows weakening signals, you can try short positions, targeting 122.5-123, with a stop loss at 126.6.
**In the medium term**, caution is advised. The current daily EMA(99) is firmly below 152.45, indicating a still bearish medium-term trend. Instead of chasing highs, wait for a rebound to the 128-130 zone to gradually build short positions, with a stop loss at 132. Unless the weekly close can stay above 140, it’s better not to rush into a trend reversal long position.
**Risk control is crucial**. Limit each trade to within 4% of your total capital as a basic rule. The 124.5-126.5 range is a battleground between bulls and bears; frequent trading can easily lead to being caught in a trap. Always keep an eye on BTC and ETH movements, as SOL’s correlation is usually strong.
Resistance levels from low to high are 126.5→128→130, support levels are 124.5→122.5→120.