$SOL Short-term Trading Strategy: High Position Consolidation Weakens, Key Support Level Speculation!
Core Highlights:
Daily Weakening Signal: May 27 long upper shadow + May 28 bearish close, indicating heavy selling pressure above 174, with short-term bulls losing strength.
Hourly Bearish Arrangement: Continuous decline approaching previous low of 174, MACD death cross + EMA bearish arrangement, short-term pressure is evident but RSI is near oversold (39.8), which may trigger a technical rebound.
Volume Anomaly: Daily volume decreasing on decline, hourly selling pressure diminishing, if the 174 support can hold, a rebound may be brewing.
Key Operation Points
Buying Opportunity:
172.5 (previous low support + round number, light position to speculate on rebound)
170.5 (strong daily support level, May 24 low resonance area)
Risk Warning
Ecological Benefits Hard to Resist Market Pressure: Although the RWA progress on the Solana chain is impressive (e.g., Centrifuge issuing 400 million US bonds), the weak performance of BTC/ETH may drag down SOL. Whale Movements Hinting: 1 million SOL transferred out of Binance, large capital movements are unclear, beware of price manipulation.
Short-term Underperformance to ETH: Some institutions predict SOL's recent performance may be weaker than Ethereum, risk of further declines should be guarded against.
Trading Strategy
Short-term Traders: Gradually buy at 172.5-170.5, quick in and out, stop loss below 169.
Swing Traders: If volume breaks above 179.5 or daily line recovers EMA7 (currently near 176), then follow up on the right side.
Avoid chasing up above 177! Currently, it is still a rebound market dominated by bears.
Summary: SOL is at a critical point between bulls and bears—if it holds above 170, high position consolidation will continue; if it falls below, it will test 165. Keep a close eye on the battle for 174, the game between ecological benefits and market weakness will continue!
The market is never short of opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more! The battle team still has positions available, come quickly.
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
