Unlocking the secret to breaking free! High leverage group reduces position by 30% at 142.3, hunting shorts below 143.5!
Current price to watch closely: 139.8-142.3, the key defense line adjusted to:
Bullish bottom line: 138.5
Bearish stronghold: 142.6
MACD reveals its true form
Still underwater, but the difference has narrowed to +0.5. This is equivalent to the engine just starting, be cautious of rolling back before shifting gears — a volume surge breaking above 142 is likely a false breakout
This morning at 10:15, SOL spiked to 142.1 before crashing to 139.3, resulting in over $2 million in liquidations from chasing the rally contracts. Practical verification of resistance level: Every $0.1 above 142 hides a cutting knife
Strategies for breaking free from being trapped
High leverage group: Place a limit order to reduce position by 30% at 142.3, reinvest upon breaking 143.5
Medium leverage group: If support at 138.8 holds, increase position; decisively exit at 142
Low leverage group: Stop loss half position at 138.5, keep half to gamble on strong support at 136
Intraday forecast
Consolidation in the range of 138.5-142.3
Action: Short position at 141.8, long position at 138.7, targeting a 1.5% swing
Break above 142.6 on increased volume to chase the breakout
Condition: 1-minute volume > previous value 200%
Action: Buy on pullback at 141.9, target 144.2
Must liquidate if the defense line at 137.8 is breached! Weekly channel breakout could drop to 135.3
Zen insight
In a choppy market, it’s a cat-and-mouse game; don’t chase the rise when breaking resistance, be bold to catch the fall
Thought-provoking question: If your average cost is 139 on a long position, would you choose to lower the cost with a grid or increase the stake on a breakout?
Rather than watching from the sidelines, it’s better to join Brother Sheng in burning up the markets!
