"The Dance of SOL Price: Who is the King of the Dance Floor Today?" Aicoin's latest analysis on September 13th
The recent price of SOL is like dancing in the range of 130 to 137, sometimes singing high, sometimes whispering low, showing that the bulls and bears are fiercely competing. The frequent appearance of long upper and lower shadows seems to say, "I am the protagonist!" While the other side of the candlesticks is uncertain, making people can't help but cheer for them!
The MACD fast and slow lines (DIF and DEA) on the 4-hour chart are hovering near the zero axis, like a hesitant fawn, lacking a clear sense of direction in the short term. The daily MACD appears somewhat weak but seems to be striving to regain vitality, with a promising future! The RSI value on the 4-hour chart hovers around 50, resembling the philosophy of the mean, not entering into the intense battle of overbought or oversold, showing market balance. The daily RSI is also in the neutral zone, slightly strong, instantly making people yearn for it!
The trend indicator EMA shows that the price is above EMA7, approaching EMA30, and far from EMA120, indicating relatively strong short-term trends, but the long-term trend still needs to be observed. Just like in a passionate romance, short-term sweetness, but how about life after marriage, still a mystery!
The trading volume on the 4-hour chart surges like a rocket during sharp rises and falls, then gradually calms down, as if saying, "I am also tired." While the daily trading volume peaked on September 11th and then cooled slightly, indicating that market activity seems to be slowing down. It's like a lively party, after the climax, everyone starts to find a quiet corner to rest.
In short, the market is like a wonderful acrobatic performance, with frequent fluctuations in the short term, but always seeking that moment of balance. Let's continue to observe and see if there will be any new surprises!
Going long at 132 is close to the previous low support level, a golden zone where EMA7 may provide support, making your investment treasury shine!
Going long defense point, this round number support is like a strong fortress, or the lower boundary of the recent oscillation range, as if saying, "Hey, come here and stay, I will definitely not let you down!"
Going long stop loss point at 128, giving yourself some room on the basis of the previous low, to prevent unexpected false breakouts from causing trouble, after all, our goal is profit, not emotional loss of control!
Going short at 137 is close to the previous high pressure level, EMA120 seems like the big boss waiting for us, it's necessary to seize the opportunity and lock in profits!
Going short defense point at 140, as a super pressure point of the round number, this price level is like the upper limit of the recent oscillation range, seize the opportunity and step into profit!
Going short stop loss point at 142, let the previous high be a little higher, becoming our intimate stop loss line, to prevent any unexpected false breakouts, after all, we need to walk smartly and elegantly in the trading market!
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