From this SOL/USDT 4-hour candlestick chart, the market is at a critical technical decision point.
The current price of 125.86 is closely above the middle band of the Bollinger Bands at 124.38, situated between the middle band and the upper band at 129.54. This position indicates that the market is in a neutral to bullish technical range.
If the price breaks out above the upper band at 129.54 with volume, it will open up upward space; if it falls below the middle band at 124.38 support, it may test the lower band support at 119.22.
Recently, the K-line bodies have narrowed, with an amplitude of only 0.45%, showing that the market has entered a converging consolidation phase.
The trading volume has not shown significant increase, reflecting that both bulls and bears are temporarily observing.
The three lines of the Bollinger Bands are flat, and the volatility is contracting, indicating that a directional choice is imminent.
The DIF and DEA are closely aligned near the zero axis, with very short red momentum bars, showing that the forces of bulls and bears are temporarily balanced; attention should be paid to the breakthrough signals of the fast and slow line golden cross/dead cross.
Resistance area: 129-135
Support area: 124-119
Long position suggestion: If there is a volume breakout above 129, a small position can be tried for long targeting 135.
Short position suggestion: If it effectively breaks below 124, consider reducing positions, looking down to 119.
Oscillation strategy: Buy high and sell low in the 124-129 range, keeping positions within 30%.
The current technical situation shows that the market is in a consolidation phase, and it is recommended to wait for clear breakout signals. Note that if the 4-hour level closes below 124, the short-term structure will weaken. Risk control should be prioritized, with stop-loss set around 123.5.
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