Evening of December 4

The current SOL candlestick pattern shows a consolidation and recovery after a surge and pullback. On the 1-hour chart, there is a pattern of high-volume surge followed by low-volume correction. Previously, the price rapidly climbed from 138.61 to the intraday high of 146.87, then retraced in a low-volume consolidation with small bullish and bearish candles, indicating profit-taking and consolidation after the rise. Recently, candlesticks have been fluctuating around the 143-144 range without significant breakdowns, and bullish momentum remains supported.

Currently, the price is near the middle Bollinger Band at 143.28, which is tilted upward, suggesting a short-term bullish trend. The upper band at 146.32 is current resistance, while the lower band at 140.24 is key support. The KDJ indicator’s three lines are in the oversold zone, signaling insufficient short-term downward momentum and a need for a rebound. The MACD indicator shows DIF slightly below DEA, with a negative but small MACD histogram, indicating weak equilibrium between bulls and bears in the short term, and suggesting a direction may be chosen after consolidation.

The short-term trend is slightly bullish in consolidation. If the 143.28 support holds, there is a high probability of a rebound to test resistance at 146.32 in the short term. If it falls below 143.28, a pullback to seek support near 140.24 is possible. In the short term, a suggested strategy is to consider light positions near the 145-148 range, with targets around 141-136.

The above is for personal reference only. Please refer to Haoyu Shipan's strategy for specifics. $SOL ‌#SOL