December 26th SOL Technical Analysis (11:00, China Time)

• Price Snapshot: approximately $123.3 USD, narrow fluctuations, low trading volume; volatility risk increases due to the expiration of Deribit approximately $28.5 billion BTC/ETH options.

• Key Levels: Resistance at 125.0-126.0, 128.0; Support at 122.0, 120.0; break below targets 118.0 (daily Bollinger Bands lower band).

• Patterns and Indicators: Daily EMA20/50 resistance; 4-hour downtrend channel (bearish); RSI≈42 neutral to weak; MACD bearish dominance; OBV declining; bullish momentum insufficient.

Actionable Strategies

• Short-term short position (buy on rebound): Entry at 123.5-123.8, take profit at 122.0, stop loss at 124.5, position size ≤2%, risk-reward ratio approximately 1.7; do not chase short if price directly breaks below 122.0 to avoid short-term rebounds.

• Breakout strategy: Stand firm above 126.0 with increased volume, lightly chase longs, target 128.0, stop loss at 125.0; if price breaks below 120.0, rebound short, target 118.0, stop loss at 121.0.

• Wait-and-see strategy: During options expiration or abnormal volatility, wait for clear breakout in the 120.0-126.0 range before acting to avoid liquidity traps.

Risk Warning

• Options expiration may trigger sharp volatility; strictly control positions and set stops.

• During Christmas holidays, low liquidity may cause "flash crashes/rapid pulls," avoid heavy positions and overnight naked trades.