The daily line is once again a small bearish candle similar to a doji, with trading volume only two-thirds of the previous day, continuing the trend of a decreasing volume decline. The daily line is currently in a five-day bearish streak.
There isn't much to say about SOL's trend; if Bitcoin doesn't drop, SOL won't drop much either and will continue to maintain its current pace, waiting for Bitcoin's trend to become clearer.
Yesterday it was mentioned that this rise is driven by momentum at the 4-hour level. The 4-hour level has already shown insufficient upward momentum, and the price needs to drop further to reach support at the 8-hour or 12-hour level before rebounding, with the price in the 138-141 range.
Therefore, in terms of operations, purchases can be made in batches at three positions: 120-130-140, waiting for the next round of increases, with short-term targets set at 160-170-180. The SOL's larger cycle will still oscillate in the 120-180 range, waiting for the main upward wave after forming a bottom.
Daily level resistance at 160-172-183-204, support at 139-127-112-98-82.
From SOL's liquidation heatmap, it can be seen that
As the price rises, there is a large number of large and extra-large short positions waiting for liquidation in the 150-155 range.
As the price declines, there is a large number of large and extra-large long positions waiting for liquidation in the 144.4-140.4 range.
