$SOL The Collapse is Underway! KDJ Overselling Trap, Rebound is a Bearish Inducement Signal!
The trend of SOL is making people anxious! The bulls are completely being pressed down by the bears, with the price plummeting from $187 to $143, and now it's just lying at the low without moving.
In the MACD indicator, the DIF line is firmly pressing down on the DEA line, and the green bars are getting longer and higher, showing that the bearish force is too strong. At this time, don't even think about bottom fishing; it's very likely to continue dropping.
However, the J value in the KDJ indicator has already fallen to 1.68, which is severely oversold, so there might be funds coming in to pull a rebound. But don't be fooled by this little rebound; it could very well just be an opportunity for the bears to add positions.
The overall trend is that the bears are having a party, and the bulls should quickly transfer their coins to a cold wallet to hide them, avoiding going against the trend. Getting in now is like jumping into a fire pit; it’s better to wait for a bottom signal on the daily chart before considering a rebound.
The market is continuously changing, and we are closely monitoring it to seize new entry opportunities. Like + comment, let’s navigate through the bull market and firmly grasp this major opportunity.