SOL 4-hour Candlestick Technical Analysis: Bearish pressure, multiple trading opportunities emerge.

The recent 4-hour trend of SOL is quite interesting. From 4 PM to 8 PM on December 22, the price slightly fell, but compared to noon on the 21st, there was a rebound, showing an overall oscillating trend. The last few candlesticks are bearish lines, and the closing prices are all lower than the opening prices, indicating that the bears are still exerting pressure.

The trading volume here is relatively sluggish, with a noticeable decline in the transaction volume over the past few hours, and the price and volume are both trending downwards. The market enthusiasm has indeed cooled down.

From a technical indicator perspective, the MACD histogram continues to be in the negative zone and is gradually lengthening, indicating that the bearish forces are not weak. The KDJ indicator currently does not show any significant golden cross or death cross, overall still exhibiting a neutral to weak performance. However, MA10 has already fallen below MA30, which can be observed from 8 PM on December 22 to 12 AM on December 23, basically confirming the short-term downtrend.

In terms of trading reference, the current support level is at 124.0, while the resistance above is at 127.0. If you have a bullish outlook, you can consider 119.35 as the first entry opportunity, and for a more aggressive approach, you can consider 116.92. The stop loss for a long position can be set at 116.97.

If shorting, the target for selling can be seen at the two levels of 127.0 and 130.03, where 127.0 is the recent resistance level and 130.03 is the higher target. Let's set the stop loss point for shorting at 128.71.

The recent high is 128.07, and the low is 117.56, which is the current trading range for SOL. Overall, the bears are dominant, but the trading volume is insufficient. We need to observe whether there will be any capital involvement to break the deadlock.