$SOL
Short 151.3 Stop Loss 152.2 Take Profit half at 145 other half set trailing stop at 145 see 141.2 Suggested position: 1/20 of funds
Analysis:
1. After the price of SOL drops, the price rebounds without volume, open interest rises but funding rates drop 📉, inferring long positions are being closed and short positions are being opened.
2. SOL crosses the 24-day moving average, crossing the 144, 164, and 365 moving averages, and the price rebounds under pressure from the upper moving averages with the moving averages in a bearish arrangement.
3. The K-line arrangement is ugly and sluggish, the four-hour K-line breaks through the consolidation area.
In summary, multiple indicators resonate, bearish.