📍#solana Technical Analysis (2025/06/06)
SOL today bears continue to break lower, the bulls' last line of defense is critical, is this a turning point? Or further slaughtering of the bulls? Please bookmark this article ✅
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【Daily 1D】
Trend: Bears continue, a down then up structure is forming, but the shape is somewhat ugly → there is still a chance of a false breakdown, it is recommended that shorts can moderately move the stop loss and observe if a rebound can occur. Currently testing the extreme low support area of the bulls.
🔺 Shorts:
🛑 Move Stop Loss: 163.64 (breakout turns bullish)
📌 Short Add: 151.8 (initial resistance), 155.19 (best), 158.91 (final resistance)
🚨 Break below chase shorts: 140.32
🎯 Take Profit: 127.65, 90.53, 53.41
🔹 Longs (left side betting on rebound):
🛑 Stop Loss: 140.32 (breakdown turns bearish)
🟢 Long Add: Triple Bottom 146.8 ✅
🚀 Breakout chase longs: 187.71
🎯 Take Profit: 217, 264, 311
📌 Additional Observation:
MACD death cross is expanding, ADX is rising, if it breaks lower again, bears may accelerate. Rebound needs to observe if volume and price can return to the resistance area.
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【Four Hours 4H】
Trend: Bears dominate, no signs of a retracement yet, if it rebounds up, pay attention to whether 155~159 is an effective resistance zone.
🔺 Shorts:
🛑 Stop Loss: 163.64 (breakout turns bullish)
📌 Short Add: 151.81 (initial resistance), 155.19~155.96 (best range), 158.91 (final resistance)
🚨 Break below chase shorts: 148.54 ✅
🎯 Take Profit: 127.87, 105.76, 83.65
📌 Additional Observation:
MACD downward curve intensifying, ADX continues to rise, bear momentum is strengthening, it is recommended that holders of shorts continue to hold.
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【One Hour 1H】
Trend: Bears are showing, have reached TP1 and entered the oversold zone, can lower stop loss, observe if there is a divergence rebound or further breakdown.
🔺 Shorts:
🛑 Move Stop Loss: 154.41 (breakout turns bullish)
📌 Short Add: 146.22 (final resistance), 146.8 (best), 148.23 (last)
🚨 Break below chase shorts: 141.53
🎯 Take Profit: 148.27 ✅, 138.77, 129.27
📌 Additional Observation:
Divergence appears in the oversold zone, but has not yet stopped falling, suitable for holders to move stop loss to control risk.
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【Operation Summary】
📉 Daily: Bearish dominance, if loses 146.8 → Bulls fully retreat
⚠️ Four Hours: No retracement of resistance area yet → Observe if the rebound resistance is effective
📉 One Hour: Short-term has been oversold, but has not yet reversed, it is recommended to hold shorts and move stop loss.
