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Solana (SOL) has recently demonstrated strong market resilience, with the daily chart structure remaining solid above various moving averages, indicating that long positions are still in control of the situation. However, in the short to medium term, the market shows a pullback trend, and investors need to adopt a flexible range trading strategy.
From the daily chart, the trend of SOL still leans towards long positions. The price remains stable above important moving averages such as EMA9, EMA21, and EMA200. The RSI indicator stays above 50, and the MACD indicator also shows positive values, all supporting the bullish pattern. For bullish investors, it may be worth considering increasing positions near the EMA9 pullback point around 185.0, while setting the stop-loss at 179.0, which is the position where EMA21 is breached. If the price can break through 201.0 and stabilize, additional long positions can be added, with target price levels set at key resistance points of 201.0, 210.0, and 235.0.
However, the 4-hour chart shows a bearish trend in the short term. The price has fallen below the EMA9 and EMA21, but is still above the EMA200. The MACD histogram has turned negative, the RSI has dropped below 50, and the DMI indicator is also leaning towards bearish. Short-term traders may consider shorting at high levels, with target price levels set at support levels such as 183.0, 179.0, and 176.0. However, it is important to note that if the price returns above 192.5, a timely stop loss should be implemented.
The 1-hour chart is currently showing a consolidation pattern, with various indicators being erratic. It is recommended that investors wait for the price to break through resistance levels or fall below previous lows before taking action.
Overall, the mid-term trend is still leaning towards long positions. Investors may consider buying in batches during pullbacks, with key support at 179.0. In the short term, a high sell low buy strategy can be adopted, replenishing in the 189~191 range. If it breaks below 186.5, short positions can continue.
It is worth noting that investors should carefully manage their positions across different time frames to avoid unnecessary risks caused by being fully invested simultaneously. In this tug-of-war market, flexibly adjusting strategies and strictly executing stop-loss orders are key to ensuring investment safety.