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#数字资产代币化浪潮 November 19 morning SOL trend observation
On the four-hour level, SOL has already risen above $142 and is firmly sticking to the upper Bollinger Band. This movement is indeed strong, but it also exposes a problem - the distance between the price and the middle band has widened too much. Market sentiment is clearly overheated, and technically there are two possibilities: either a pullback for correction, or a sideways consolidation for a while waiting for the middle band to catch up.
The upper band of the Bollinger Bands is now directly a resistance level, while the lower band is a key support. The entire channel is clearly widening upwards, indicating a strong upward trend, but the volatility is also increasing. The MACD has just formed a golden cross, which means that the medium-term momentum has shifted from weak to strong, which is a bullish signal. However, it's important to note that it has just climbed out from below the zero line, so the more accurate definition at this stage should be a strong rebound, and it cannot be said to be a complete reversal yet.
In terms of trading strategy, you can consider entering a long position after the price stabilizes around 138, with a target range of 143 to 145 dollars, and a stop loss set below 137. $SOL