Hello everyone! I'm Jin Min. Today, the background messages are all asking how SOL will perform next! Right now, the one-hour chart is looking very bullish, but the resistance at 168 is like a mountain, while the support at 162 and 153 feels like a safety net. Should we charge up to take profits, or will we drop down to stand guard?
News:
This morning I came across some exciting news: SOL spot ETF had a net inflow of $12.7 million yesterday! Even more impressive, BSOL directly contributed $11.7 million, indicating that an institution is pouring real money into SOL! It's important to note that ETF funds are considered 'smart money'; their willingness to buy suggests a positive long-term outlook for SOL. Just like before last year's ETH ETF launch, where funds positioned themselves in advance, leading to significant gains. As regular players, following the direction of 'smart money' at least helps us avoid major pitfalls.
News:
The second chart I enlarged for you to see:
First, the key level 162.09 is like a 'iron gate'. Now the price is stuck here, it's not a coincidence!
Second, the MACD golden cross has reached above the 0 axis! The yellow and white lines have crossed from below, and now they are firmly above the 0 axis, which is equivalent to the engine shifting from 'idle' to 'high gear'; short-term downward momentum has already been digested.
Third, 153 is the 'ultimate bottom line'. The chart indicates 153 and 141 at the bottom, which are monthly level support. Unless a black swan occurs, the main force will not let the price break through 153; that is their 'cost protection line'!
My view: If the US stock market opens tonight with good market sentiment, SOL may directly break through 168 with volume. Don't hesitate at that time, go for it! The worst is not a drop, but a 'false breakout'! If the price breaks 168 and then falls back, that's the main force luring in buyers, don't chase! Wait to re-enter at 162 for a higher safety margin!
Operation advice:
Positions held: stay steady and don't panic! Break through 168 to add half a position, reduce a bit to take profit at 175, don't be greedy and let profits slip away.
Those who want to follow: wait for a low buy near 162! Don't chase high, now 162.09 is not considered low, but when it pulls back to 160-161, go in with your eyes closed. There are dual supports at 162 and 153, you won't lose.
Stop loss must be set! No matter how optimistic you are, set the stop loss at 153. If it breaks, run decisively; we are playing probabilities, not gambling with our lives!
I am Jin Min, a practical person who speaks plain language. If you want to follow along and make profits, hit follow so you don't get lost; I'll notify you as soon as there's an operation!
