$SOL This market is like a frustrating little demon right now. The technical indicators are quite contradictory— the MACD death cross indicates that the bears are still in control, while the Bollinger Bands are narrowing, leading to decreasing volatility.
The candlestick chart is even more confusing; yesterday's doji suggested a rebound, but the three black crows are intimidating.
The support level at 132 looks somewhat reliable, but without volume backing, it could break at any time.
Above, the resistance level at 164 is like an impenetrable fortress; charging in now is like gambling with your life.
If you ask me, this kind of lackluster market is better suited for drinking tea and watching a show; it’s better to wait for it to establish a direction before making a move, to avoid getting slapped in the face repeatedly.
Remember, when you’re not sure, just observe; the market is always full of opportunities!
