Morning of 12.4

From the current 1-hour K-line chart and indicators, SOL's short-term trend shows a "pullback consolidation" pattern after a high-volume surge, with the current 1-hour chart displaying a "long bullish breakout + pullback from highs" structure. Previously, the price surged rapidly from 137.71 to the intraday high of 146.87, then fell back to 145.21, which is a "profit-taking after breaking through key resistance." Overall, this is a strong pullback pattern within an uptrend, with small bearish candlesticks during the pullback and no break below the key support from the previous rally, indicating that bulls remain in control.

After previously breaking through the upper Bollinger Band at 145.48, there was a slight pullback, and the price is currently moving in the upper-mid Bollinger Band range. The middle band at 142.39 is the key short-term support; as long as it holds, the trend can continue. The KDJ indicator has all three lines entering the edge of the overbought zone, suggesting short-term upward momentum is slightly weakening and a small consolidation may be needed. The MACD is in a "bullish area after a golden cross," but momentum is slowing, and short-term long-short divergence is beginning to emerge.

In the short term, if the 144 intraday consolidation support holds, the price may fluctuate in the 144–147 range before testing the 148–150 resistance again. With KDJ near overbought, there may be a pullback to around the 142.4 middle Bollinger Band; if that breaks, look for further support at 140. It is recommended to consider light positions on a pullback to the 143–140 area, with targets around 146–148.

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