Brothers who are shorting $SOL , copy my homework! Short around the current price of 147, I'm aiming for 107 this time!
The reason is simple and brutal: the daily MA7 and MA30 are both pressing down, and the rebound can't even touch 152; the market makers are clearly distributing. The KDJ golden cross on the 4-hour chart is just a trap, and the MACD is barely alive below the zero line, with trading volume shrinking to nothing. Anyone still daring to catch the bottom in this market is a warrior!
My plan: Short directly at the current price of 146-147, with a stop loss at 152; if it breaks, I admit defeat. The first target is to crash down to 135, this position is the lower band of the daily Bollinger Bands, and if it breaks, I will add to the short position, with an ultimate target of 107. Don’t ask why I’m so ruthless; breaking the support at the weekly level means a nuclear-level drop.
Risk warning: Brothers who are impulsive, don't go heavy; control your position within 10%, holding on to a losing position is a sure death! Recently, US Treasury yields are causing chaos; if Bitcoin crashes again, SOL will be left exposed. Technically, the RSI is oversold but it's useless; if the market makers really want to drive the price down, they won't care about the indicators.
Lastly, to be honest, shorting at this position is ten times more stable than going long; if 152 doesn’t break, it’s a free money opportunity. Don’t go against the trend; set your stop loss and lie down counting money! Those who dare to catch the bottom in the comments, I respect you as a man! (Dog head for safety)