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January 17th 8:30, SOL is currently trading at 144.50 USD, with an intraday range of 140.25-145.55. The short-term bullish structure remains intact, and after a pullback and stabilization, the market is mainly consolidating with a bullish bias.
Core Indicators and Key Levels
- Daily K: EMA20 support at 140.00, Fibonacci retracement levels at 0.50 at 140.65 and 0.618 at 138.85; Bollinger Bands middle band at 139.00, upper band at 148.00; MACD shows increasing bullish momentum, RSI at 58 not overbought, bullish continuation.
- 4H: Upward channel, EMA30 support at 141.00, neckline at 140.00; Bollinger Bands lower band at 138.85, upper band at 147.50; MACD decreasing in volume, short-term consolidation building.
- Key Levels: Strong support at 140.00-140.65, first resistance at 145.00, second resistance at 147.50, wave target at 150.00.
Trading Strategies (Actionable)
1. Bullish Strategy: Buy in batches within the 140.00-140.65 range, stop-loss at 138.50; first target at 145.00 (reduce position), second target at 147.50-150.00.
2. Bearish Strategy: Light short positions at resistance around 147.50-148.00, stop-loss at 149.00; target 144.50-141.00, quick entry and exit.
3. Risk Management: Single position size ≤5%, strict stop-loss; if price breaks above 145.00 and confirms pullback, add to long positions; if it falls below 138.50, switch to sideways/bearish.
Market Highlights
- Major players stabilized after pulling back to Fibonacci 0.50 at 140.65, with significant capital inflow, whales increasing holdings, supporting medium-term bullish outlook.
- Short-term focus on the validity of breaking 145.00; if volume confirms, expect upward move toward 147.50-150.00; otherwise, expect consolidation within the range.