【$SOL Signal】Empty position + Divergence in open interest leading to decline
$SOL forms a bearish engulfing pattern during volume decline, with price action indicating dominant selling pressure. Market logic suggests combining open interest analysis to determine whether it is a long squeeze or main force distribution. Currently, there is no effective support structure on the chart; avoid contrarian betting.
🎯 Direction: Empty position
Wait for the price to show a clear stop-fall structure or demand absorption signal on a lower time frame (LTF). The current market sentiment is leaning towards panic; healthy reset requires time and sideways price movement to digest selling pressure.
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【$SOL Signal】Empty position + Divergence in open interest leading to decline
$SOL forms a bearish engulfing pattern during volume decline, with price action indicating dominant selling pressure. Market logic suggests combining open interest analysis to determine whether it is a long squeeze or main force distribution. Currently, there is no effective support structure on the chart; avoid contrarian betting.
🎯 Direction: Empty position
Wait for the price to show a clear stop-fall structure or demand absorption signal on a lower time frame (LTF). The current market sentiment is leaning towards panic; healthy reset requires time and sideways price movement to digest selling pressure.
Trade 👇 $SOL
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