From the 4-hour Candlestick and weekly structure of SOL, the weekly level has presented a clear W-bottom pattern. However, short-term indicators show that while the MACD histogram remains in the positive range, the bars continue to narrow, indicating that long positions momentum is gradually weakening.
It is recommended to layout short positions in the range of 198 - 203, with a stop loss set at 207. The initial target below is around 170, and further attention can be paid to the support strength in the 150 area. #BTC
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From the 4-hour Candlestick and weekly structure of SOL, the weekly level has presented a clear W-bottom pattern. However, short-term indicators show that while the MACD histogram remains in the positive range, the bars continue to narrow, indicating that long positions momentum is gradually weakening.
It is recommended to layout short positions in the range of 198 - 203, with a stop loss set at 207. The initial target below is around 170, and further attention can be paid to the support strength in the 150 area. #BTC