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3.26 Morning SOL Analysis
On the 4-hour trend, SOL's Bollinger Bands continue to diverge downward, with price persistently under pressure below the middle band and weakening. Multiple rebound attempts have been met with strong selling pressure, and the bulls have consistently struggled to gain momentum. The moving average system shows a clear bearish arrangement, with short-term moving averages continuously suppressing price action, leaving very limited upside rebound space. The KDJ indicator has continued downward since a death cross from its peak, with bearish momentum remaining strong. The overall bearish pattern remains unchanged.
Although there may be minor upside retracements in the short term, the overall trend is weak with limited rebound strength. This is better suited for shorting as the main strategy rather than blindly catching bottoms and going long.
Trading Suggestions
Short in the 92-95 range in batches, targeting the 88-84 area. If support breaks, continue watching for 80. Strictly implement risk management and trade with the trend.