SOL Today's Trend Plain Language Analysis
The longer the sideways movement, the harsher the price change! This box range for SOL is like a warm water boiled frog meal prepared by the big players for retail investors—wait until the retail investors are comfortable, then lift the lid and they're all cooked!
1. Bollinger Bands Revealed: The Middle Band is a Meat Grinder
The current price is stuck at $166.55 doing sit-ups, and the Bollinger Bands have shrunk to a toothpick. This movement is reminiscent of the 'Door Painting Market' in January this year: the price played dead at the middle band for 3 days, then a big bearish candle pierced through the lower band.
Veteran traders take note: Watching the order book is more exciting—there's a sell order of $38,332 at $170.7 (the order price of $170.7 corresponds to 229 SOL), which is 3.2 times thicker than the buy orders. The big players have capped the ceiling at $170, clearly not allowing retail investors to break even.
2. Funding Rate Revealed: Bears Sharpening Their Knives
The price is stable as an old dog, but the funding rate is -0.43%, combined with a position size of $1.2648 billion; I'm familiar with this script! Before the FTX crash in November 2023, SOL played this way too: negative funding rate + positions lying dead, resulting in a halving in a week. On-chain is even harsher—whales transferred out 820,000 SOL to exchanges in three days; this is the rhythm of fleeing!
3. MACD Death Cross: Bullish Coffin
The price is playing dead, but the MACD has already shown its hand: the fast line crosses below the slow line, and the death cross confirms that the energy bars have shrunk to toothpicks. This trend replicates the precursor to the April crash when it fell 26% in three days.
The order book hides killing weapons: the order volume at $170.7 is 3.2 times that at $164.6; the dealer is waiting for retail investors to shoot higher before striking.
Operation Guide: Veteran Escape Code
Spot Traders: Place a sell order at $170.7 to escape, liquidate if it falls below $160. Remember: the big players buried a nuclear bomb buy order at $140, and they never hold back on crashing the market.
Contract Traders: Short at the current price of $166.5, targeting $140. Leverage ≤ 3 times, be careful of a midnight spike to $175 triggering liquidation.
Buddhist Traders: Delete the app for safety, silently recite 'no bottom fishing during sideways movement,' and wait for the daily line to stabilize above $160 before recharging faith.
Tonight, keep a close watch on the Solana chain's whale transfers. If there’s another 100,000 SOL deposit into exchanges, it could instantly replicate the FTX nuclear explosion. Remember: the big players' cost line is $140; save your bullets for golden pits, don’t become cannon fodder at $170!
Are you stuck? When to bottom fish? The same old saying, feeling lost and helpless, don’t know what to do, click on the avatar to comment. I need fans, you need references.
