SOL High Wire Act! Tonight's Long and Short Meat Grinder
SOL is currently bungee jumping between $143 and $150, with the whale controlling the market more crazily than a square dance aunt competing for the center position.
Three Time Bombs on the Market
First Bomb: Bollinger Bands Twisted into a Noose
The middle track at $147.7 is propped up by a high-voltage electric net, while the lower track at $143 is hanging a saving rope for the retail investors. The whales buried a massive amount of short positions at the middle track; if this position cannot hold, it could replicate last week's tragedy of crashing from $157 to $135 in no time. On-chain data shows there are 1.5 million SOL support orders near $143, but don't blindly trust the support—last night, the FTX liquidation address violently dumped 180,000 SOL, and this selling pressure is more ferocious than an aunt snatching supermarket specials.
Second Bomb: MACD Death Cross
The DIF line at -0.38 and the DEA line at 0.55 are engaging in a deadly kiss, with the red bars shrinking like Wu Dalang's shorts. The four-hour chart's top divergence has failed, with the MACD histogram slope at -25 degrees; this signal is reminiscent of the pre-crash on May 6. What's worse is that the fast and slow lines have crossed below the zero axis, and the bearish momentum bar has surged to -30 degrees, potentially replicating last week's 12% plunge.
Third Bomb: News Nuclear Explosion Trio
The pre-sale data for the second generation of Solana phones has halved, and Vitalik went on a tweet spree criticizing the centralization of POS chains; the whales are just waiting for this nuclear-level bad news to crash the market. To make matters worse, at 2 AM, the Federal Reserve took a hawkish stance, with the market predicting a 68% chance of interest rate hikes—this is more stimulating than a mother-in-law checking up on you. Last week at the same time, SOL was hammered down by 2,500 points.
Veteran's Survival Guide
Spot Traders:
$143 is the critical point; if it breaks, quickly reduce your position and don't be stubborn. The real bottom is at $135; on-chain support orders are just psychological comfort, and the whales will teach you a lesson in no time.
Contract Traders:
There are $260 million in options bombs buried above $150; wait for a breakout at $155 before entering on the right side. Those who chased the rise at $152 the day before yesterday will now have to draw lots to borrow fire on the rooftop.
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