SOL12.22

On December 21, the overall volatility of SOL was relatively small, fluctuating within about 4 points. Currently, after the market failed to break the resistance at 128.6, there is a trend of correction.
Technical Analysis
The Bollinger Bands are narrowing on the 4-hour chart, with the middle line moving upward. The corresponding prices for the three lines are: 128.6-125.2-121.8. The market is rising, and it is currently attempting to break through the upper Bollinger Band line but has not touched it, leading to a pullback and fluctuation. The MA moving averages indicate that the short-term averages ma5 and ma10 are moving upward, while ma30 is moving downward. The MACD indicator is above the 0 line with both lines moving upward, indicating that bullish momentum is gradually increasing. On the hourly chart, both lines are moving upward above the 0 line, with bullish momentum gradually increasing.
The RSI indicator on the 4-hour chart is moving upward in the normal trading zone, corresponding to values of 79 and 51. The hourly chart is moving upward in the oversold trading phase, corresponding to values of 100 and 91. Note that the market's greedy sentiment continues to rise.
Conclusion: Oscillating upward
Resistance levels: 128.5, 132, 134.8
Support levels: 125.2, 123.3, 121.8
Long-short strategy: Establish the initial position if it does not drop below 125.2, add to the position at 123.3, and set a stop-loss.
First Take Profit: 128.5
Second take profit: 132
High-altitude strategy: Establish a short position if it doesn't stabilize above 128.5, add to the position at 132, and set a stop-loss.
First take profit: 125.2
Second Take Profit: 123.3