[Crypto World] Just reviewed SOL’s 4-hour chart—pretty interesting movement.
From 8 PM on December 5th until now, the price first saw that sharp drop in the early hours of December 7th, and recently had a slight rebound. The last candlestick closed bullish, but overall, the big bearish candle is still weighing things down. Trading volume? Clearly shrinking, much lower than a few hours ago. Price and volume both down—a classic quiet market.
Technical side, looking at the MACD: no clear trend right now, histogram has been negative but is gradually getting shorter—bulls might be slowly gathering strength. No golden or death cross on the KDJ, value is at 27, which is neutral to slightly weak. Also noticed a divergence between volume and price.
If I were to make a move, here’s how I’d see it:
For longs, 132.06 is the first entry point, or if you’re aggressive, consider 127.0, with a stop loss at 131.4.
For shorts, watch the 144.67 and 143.0 levels—if it breaks 145.39, exit.
Support is at 127.