📉 SOL bears take the initiative, but could it be a false breakdown in the long term? 1H has reached TP1, 1D is challenging resistance, and the critical turning point has arrived!
🚨 #DingDing Cryptocurrency Market Analysis Daily (2025/05/01)
According to #Binance's latest market data, #SOL is currently dominated by short-term bears, while the mid to long-term is testing a key resistance area, and the turning point is about to happen!🔥
#SOL Period Analysis Summary:
- On the monthly chart, the bulls' trailing stop has been swept out, but it is currently at a support level, and we need to observe whether it is a false breakdown.
- On the daily chart, the bulls have successfully retested the accumulation point and are challenging the 1D main resistance TP1 area; whether it can stabilize will determine if it officially turns strong.
- On the 4-hour chart, the bearish structure has formed and the short positions have been completed, but it has not yet declared; we need to pay attention to whether there is a clear confirmation of a decline.
- On the hourly chart, the bears have declared and reached TP1, but the stop loss for the short position has been swept out, and the bulls may start attempting a counterattack.
💡 Want to grasp whether the market is truly reversing or just a false breakout? Keep reading for a comprehensive view of the bullish and bearish data!
#SOLUSDT #TechnicalAnalysis #TradingStrategy
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#SOL Monthly Chart (1M)
Trend: The bulls' trailing stop has been swept out, currently testing support; pay attention to whether it is a false breakdown
📌 Short Position Information:
- Stop Loss: 295.83 (breakout can go long)
- Short Cover: Last Pressure 187.18, Best 219.21, Final 252.91
- Breakout Short: 95.26
- Take Profit: 19.36, 1
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#SOL Daily Chart (1D)
Trend: Bullish trend, preparing to challenge TP1 resistance area
📌 Long Position Information:
- Trailing Stop Loss: 133.82 (breakdown can go short)
- Actively Accumulating Long: Best 142.67✅, Final 138.78
- Breakout Long: 157
- Long Position Take Profit: 161.39, 202.26, 243.13
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#solana 4-Hour Chart (4H)
Trend: Bears have formed, but have not yet declared
📌 Short Position Information:
- Trailing Stop Loss: 153.4 (breakout can go long)
- Actively Short Covering: Last Pressure Triple Top 150.6✅
- Breakout Short: 140.32
- Take Profit: 136.99, 124.62, 112.25
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#sol Hourly Chart (1H)
Trend: Bears have declared and reached TP1, stop loss has been swept, bulls begin to act
📌 Long Position Information:
- Stop Loss: 140.32 (breakdown can go short)
- Long Accumulation: Last Support 146.17, Best 144.4, Final 142.61
- Breakout Long: 153.4
- Take Profit: 157.6, 168.28, 178.96
