SOL's current trend is the currency version of "walking on a tightrope" - the price is stepping on the two lifelines of 7-day EMA and 30-day EMA, and it is forced to reach 174.0, but the MACD traffic light begins to flash yellow. Don't look at the white line DIF still holding on to the yellow line DEA. The values of these two brothers have not broken through the previous high for three days, just like a marathon runner with cramps halfway.
The trading volume drama is more exciting! This positive line has a volume of 473,000 dollars, which is 24% smaller than the 10-day average volume of 621,000. This is like 30% of the front row seats are empty at a concert - the main force is playing "reduced volume disco"1. But the 5-day average volume is still holding on at 744,000. The dog dealer is clearly doing "fake high and real shipment", waiting for retail investors to enter the market as an atmosphere group.
There are three nuclear bombs buried in the news:
① The chain is hammered! A whale dumped 200,000 SOL into Binance 2 hours ago. The price of this stock plummeted 12% three days after the last transfer
② Live alert! Coinbase raised the SOL contract margin from 20% to 25%. This operation was also played before the plunge on May 19
③ Doomsday warning! Solana, the leading lending platform, suddenly suspended withdrawals, and the official website posted a "risk control upgrade" announcement
Operation life and death line highlights:
Spot partyRemember the three words:
Don't chase the rise
Don't go all-in
Don't hold on
Contract dogHigh-altitude tightrope walking strategy:
Break through 175.0 and chase long, but stop loss locked at 172.0
Fall below 164.42 and go short, target 162.0, with 1% dynamic stop loss
Everyone will keep an eye on the FOMC meeting minutes at 22:00 tonight! This thing is more exciting than the SOL downtime. After the last meeting, the altcoins collectively slaughtered 15%.
On-chain news: SOL's NFT transaction volume surged by 300%, but the whale address decreased by 8% - the dealer's left hand to right hand has been hammered!
Ultimate bet: Will SOL break through 175 today and start the violent mode, or will it be smashed back to 162?
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