This wave is really reckless! On June 21, it directly pierced through the key support at 140 dollars!

That textbook-level head and shoulders pattern on the chart has nailed the coffin shut; technical analysts know with their eyes closed that it's time to short! The manipulators are playing a psychological game now—bouncing back gives you hope, then they smash it down again, triggering liquidations to their heart's content.

Right now, this market is a death script: as long as the rebound doesn't touch 147 dollars (the upper limit of the 20-day moving average), the bears will immediately press it down to the ground, 110 dollars can't hold at all, 93 dollars is the ultimate slaughterhouse!

But I noticed a detail: the 4-hour RSI has already dropped to the oversold zone at 30, the manipulators may very well be digging a pit to create a false rebound, first pulling it up to trigger shorts and then smashing the market down; retail investors must not be fooled.

The only way for the bulls to survive is to violently break through 147 dollars with volume; only then can they aim for 159 dollars (the death pressure point of the 50-day moving average). But looking at the on-chain data, FTX-related wallets just dumped 9 million dollars' worth of SOL onto the exchange, whales are secretly laying traps, this kind of rebound is likely a trap to lure in buyers.

Remember, the SOL ecosystem is now a powder keg—staking yields are draining, and TVL growth is stagnant; smart money has long run away. If your leverage exceeds 30%, cut your positions quickly, and wait to short once it breaks the 126 dollars support level for guaranteed profit!

Although the overall market is slightly sluggish now, opportunities will still come; wait for the correction with peace of mind, and feel free to discuss future market views anytime.

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