Director's Scoop!! 160 Highland Assault: SOL's Recent Volume Contraction and the Underlying Bull-Bear Battle
When the candlestick shrinks into a doji at a watershed moment, it’s either a rocket booster or a launchpad to the abyss.” This morning's doji hanging at 158 made my nerves tense up instantly—old dogs in the crypto world understand that this kind of pattern appearing at a critical point is the calm before the storm.
At this moment, SOL is quoted at 158.01, a slight increase of 0.65% from yesterday's analysis, but the 4-hour technical dark signals are more alarming:
False breakout: Early this morning it surged to 159.33 but closed with a long upper shadow, closer to the previous high pressure area than the originally analyzed 159.3. Volume exposure: The latest candlestick’s volume is only 2.3517 million, less than 60% of the 5-day average (3.72 million), with trading as quiet as a morgue. Moving average protection layer thinning: MA7 (154.84) and MA30 (150.88) remain as defense lines, but the price is already close to the lower edge of the support triangle.
Bullish news: Solana ecosystem AI project io.net suddenly announced a computing power cooperation with Nvidia, causing SOL to briefly surge by 1.8%.
Bearish news: Mt. Gox cold wallet unexpectedly transferred 10,000 BTC, causing BTC to drop below 111,000, dragging down the overall market.
Director's Strategy!
The first defense point is adjusted from 155.87 to 155.88, where you can try a long position.
If it violently breaks below 154.00, stop loss immediately.
If it breaks 159.33, volume must increase to 500,000+; otherwise, it's all a false breakout.
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