Looking at SOL's recent market trend, the four-hour K-line has pulled back from the upper band. Although it has rebounded above the middle band, the resistance above is quite evident, and the channel width is tightening. This bearish pattern is unlikely to change. The lower band is still there, but the short-term support it provides is actually not very strong.
The DIF and DEA red bars are clearly shrinking, indicating that the bullish momentum is gradually weakening. The indicators are close to forming a death cross, and you can feel the bearish signals gradually strengthening.
The trading strategy for SOL is: consider short positions when it rebounds to the 142 to 147 range, with support levels at around 133 to 123 below. Keep a close eye on BTC as well, as the correlation remains quite strong.
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MEV_Whisperer
· 10h ago
The death cross is coming, and this wave of SOL bearish signals is becoming more and more obvious. It feels like it's going to drop.
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NFTArchaeologist
· 01-09 04:03
A death cross is coming; let's short at 142 and test the waters.
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ConsensusDissenter
· 01-09 04:02
The death cross is coming, and this time the bear market is a bit tough. Should I take action between 142-147? It's a bit urgent.
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SchrodingerAirdrop
· 01-09 04:02
The death cross has arrived, and SOL might break below 133 in this wave.
Looking at SOL's recent market trend, the four-hour K-line has pulled back from the upper band. Although it has rebounded above the middle band, the resistance above is quite evident, and the channel width is tightening. This bearish pattern is unlikely to change. The lower band is still there, but the short-term support it provides is actually not very strong.
The DIF and DEA red bars are clearly shrinking, indicating that the bullish momentum is gradually weakening. The indicators are close to forming a death cross, and you can feel the bearish signals gradually strengthening.
The trading strategy for SOL is: consider short positions when it rebounds to the 142 to 147 range, with support levels at around 133 to 123 below. Keep a close eye on BTC as well, as the correlation remains quite strong.