Recently, people watching SOL's movement have probably been feeling uneasy — does this rebound from 132.5 represent a real opportunity or just a trap? Rather than guessing endlessly, let's let the K-line speak for itself. Looking at the 1-hour timeframe, the logic becomes crystal clear.
To get straight to the conclusion: this rebound is merely a reactive bounce off support levels, far from a true reversal. After hitting resistance at the 143-144 zone previously, the subsequent sharp decline has hammered the short-term structure into a correction pattern. A single small rebound simply cannot turn the tide.
Someone might ask: "SOL has already rallied roughly 6 points from 132.5 — isn't that enough for a reversal?" Here we need to clarify a critical concept — judging reversal versus rebound hinges on two factors: whether key breakdown levels are reclaimed, and whether volume backs the move. Currently, SOL is still sitting below the breakdown zone, with 138-139 resistance above acting like an invisible wall. Breaking through won't be that easy.
Looking at market sentiment: the sellers' defense line around 143 has already proven its strength through the previous collapse. Although buyers are trying to push at 132.5, this looks more like "an instinctive bounce after overselling" rather than an organized offensive. The key issue is the absence of persistently expanding volume, indicating that buyers lack conviction. This momentum can't sustain a true reversal scenario.
In summary, this rebound appears to be a short-term pause opportunity rather than a directional turning point. Those holding positions need to exercise caution, and those looking to average down should wait and see.
Recently, people watching SOL's movement have probably been feeling uneasy — does this rebound from 132.5 represent a real opportunity or just a trap? Rather than guessing endlessly, let's let the K-line speak for itself. Looking at the 1-hour timeframe, the logic becomes crystal clear.
To get straight to the conclusion: this rebound is merely a reactive bounce off support levels, far from a true reversal. After hitting resistance at the 143-144 zone previously, the subsequent sharp decline has hammered the short-term structure into a correction pattern. A single small rebound simply cannot turn the tide.
Someone might ask: "SOL has already rallied roughly 6 points from 132.5 — isn't that enough for a reversal?" Here we need to clarify a critical concept — judging reversal versus rebound hinges on two factors: whether key breakdown levels are reclaimed, and whether volume backs the move. Currently, SOL is still sitting below the breakdown zone, with 138-139 resistance above acting like an invisible wall. Breaking through won't be that easy.
Looking at market sentiment: the sellers' defense line around 143 has already proven its strength through the previous collapse. Although buyers are trying to push at 132.5, this looks more like "an instinctive bounce after overselling" rather than an organized offensive. The key issue is the absence of persistently expanding volume, indicating that buyers lack conviction. This momentum can't sustain a true reversal scenario.
In summary, this rebound appears to be a short-term pause opportunity rather than a directional turning point. Those holding positions need to exercise caution, and those looking to average down should wait and see.