【Trend Structure】
Don’t rush to treat a short-term rebound as a trend reversal. SOL’s 4H structure remains downward, and the short-term direction is not yet aligned with the broader trend. On Binance spot as of 11-04 10:50 (Beijing time), the current price is 91.45 USDT, 24H -0.67%, with a high-low range of 91.27—93.93.
Daily highs and lows are moving lower; recent 4H highs/lows are 94.98/90.87, versus 96.28/93.18 in the preceding period. The assessment is based on changes in highs and lows, not on a single day’s price movement. 1H highs and lows are rising, and RSI is 37.3, so the short-term price action has not entered an extreme range.
【Technical Signals】
Price is below the 4H MA20 (93.958); MA50/200 are 97.1426/106.4. The short-, medium-, and long-term moving averages are arranged downward, so the recovery still faces resistance. 4H RSI(14) is 39.3, indicating weak buying pressure. MACD’s DIF is below the zero line, while the positive bars are expanding, indicating strengthening bullish momentum. This only confirms the structure and does not constitute an entry signal on its own.
The latest 4H volume is 0.78 times the average volume of the previous 20 bars, indicating weak trading activity; beware of a false breakout during a rally. 24H trading volume is 126 million USDT. Spot volume takes priority; do not use missing futures data to infer market congestion.
【Key Levels】
First resistance: 93.0343—93.3257; second resistance: 93.8123—94.1037. First support: 90.7243—91.0157; second support: 88.7902—89.0817. These levels refer respectively to the previous 4H low, 4H MA20, recent 4H low, and 1D MA200. The zones include a buffer based on the 4H price range and are not precise prediction points.
【What to Watch Next】
Bullish scenario: If a 4H candle closes above the first resistance with volume expanding in tandem, and a retest holds, then watch the second resistance. An intraday wick above the level alone does not count as holding above it.
Bearish scenario: If price pulls back after rising or closes below the first support, watch how the second support holds. A move back below the breakout zone invalidates the bullish view; if price quickly reclaims support after breaking below it, the bearish scenario should be reassessed. Wait for a close and retest for confirmation; don’t treat a single price move as a reversal of the broader trend.
【Reference Trading Plan】
Direction: long; limit entry at 91.45 after confirmation, stop-loss at 90.87, take-profit at 93.18 USDT; planned risk-reward ratio 2.98:1 (fees excluded).
Trigger: Wait for a 4H close near the reference entry zone with volume confirmation before reassessing. After confirmation, place a limit order only at the specified entry price and wait; do not chase the price. The plan expires if the stop-loss is hit or if the order remains unfilled for 8 hours from the data timestamp.
The assessment is based on the multi-timeframe structure, moving averages, RSI, MACD, and volume discussed above. Parameters were determined holistically by AI, and the risk-reward ratio was recalculated using the listed limit prices.
The above is technical price action analysis only and does not constitute investment advice.
Don’t rush to treat a short-term rebound as a trend reversal. SOL’s 4H structure remains downward, and the short-term direction is not yet aligned with the broader trend. On Binance spot as of 11-04 10:50 (Beijing time), the current price is 91.45 USDT, 24H -0.67%, with a high-low range of 91.27—93.93.
Daily highs and lows are moving lower; recent 4H highs/lows are 94.98/90.87, versus 96.28/93.18 in the preceding period. The assessment is based on changes in highs and lows, not on a single day’s price movement. 1H highs and lows are rising, and RSI is 37.3, so the short-term price action has not entered an extreme range.
【Technical Signals】
Price is below the 4H MA20 (93.958); MA50/200 are 97.1426/106.4. The short-, medium-, and long-term moving averages are arranged downward, so the recovery still faces resistance. 4H RSI(14) is 39.3, indicating weak buying pressure. MACD’s DIF is below the zero line, while the positive bars are expanding, indicating strengthening bullish momentum. This only confirms the structure and does not constitute an entry signal on its own.
The latest 4H volume is 0.78 times the average volume of the previous 20 bars, indicating weak trading activity; beware of a false breakout during a rally. 24H trading volume is 126 million USDT. Spot volume takes priority; do not use missing futures data to infer market congestion.
【Key Levels】
First resistance: 93.0343—93.3257; second resistance: 93.8123—94.1037. First support: 90.7243—91.0157; second support: 88.7902—89.0817. These levels refer respectively to the previous 4H low, 4H MA20, recent 4H low, and 1D MA200. The zones include a buffer based on the 4H price range and are not precise prediction points.
【What to Watch Next】
Bullish scenario: If a 4H candle closes above the first resistance with volume expanding in tandem, and a retest holds, then watch the second resistance. An intraday wick above the level alone does not count as holding above it.
Bearish scenario: If price pulls back after rising or closes below the first support, watch how the second support holds. A move back below the breakout zone invalidates the bullish view; if price quickly reclaims support after breaking below it, the bearish scenario should be reassessed. Wait for a close and retest for confirmation; don’t treat a single price move as a reversal of the broader trend.
【Reference Trading Plan】
Direction: long; limit entry at 91.45 after confirmation, stop-loss at 90.87, take-profit at 93.18 USDT; planned risk-reward ratio 2.98:1 (fees excluded).
Trigger: Wait for a 4H close near the reference entry zone with volume confirmation before reassessing. After confirmation, place a limit order only at the specified entry price and wait; do not chase the price. The plan expires if the stop-loss is hit or if the order remains unfilled for 8 hours from the data timestamp.
The assessment is based on the multi-timeframe structure, moving averages, RSI, MACD, and volume discussed above. Parameters were determined holistically by AI, and the risk-reward ratio was recalculated using the listed limit prices.
The above is technical price action analysis only and does not constitute investment advice.
