The price retraced to the middle or lower band of the Bollinger Bands on the 4-hour chart for support, while the MACD remains in a golden cross, indicating that the medium-term upward trend is still solid.
If the price can hold above the previous rebound high and does not break below when retesting that level after a breakout, it can be seen as a signal that the upward trend will continue.
SOL trading suggestion: Pullback around 134-130, aiming for a rise to 141-150.
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Analysis of SOL on the 8th:
The price retraced to the middle or lower band of the Bollinger Bands on the 4-hour chart for support, while the MACD remains in a golden cross, indicating that the medium-term upward trend is still solid.
If the price can hold above the previous rebound high and does not break below when retesting that level after a breakout, it can be seen as a signal that the upward trend will continue.
SOL trading suggestion: Pullback around 134-130, aiming for a rise to 141-150.