The Bollinger Bands are signaling overbought conditions, the MACD red bars are quietly shortening, hidden dangers lurk behind the explosive surge!
SOL is currently standing on the edge of a cliff! The current price of $181 is firmly clinging to the upper Bollinger Band, like a sports car flooring the gas and racing along a cliff. The technical indicators are issuing a strong warning: the pressure at the upper Bollinger Band is immense, usually indicating an imminent short-term pullback. More dangerously, although the MACD has golden cross upwards, the red bars have started to shorten, and the upward momentum is weakening! Moreover, the trading volume, this 'revealing mirror', exposes the cruel truth—the volume today is actually below the 5-day average, indicating that following funds are retreating, and the main forces may reverse and short at any time!
The news appears to be celebratory, but in reality, there are undercurrents. The launch of Solayer's crypto travel platform seems beneficial, but the vision of 'reshaping high-frequency spending scenarios' is still in its early stages and unlikely to be a lifeline in the short term. The 24-hour 4.35% increase shown by the HTX market is like a potion of confusion—while retail investors revel in the breakthrough above $180, whale accounts are quietly taking profits!
The life-and-death game of bulls and bears: keep a close eye on two signals
The bull-bear dividing line is at $177: if the hourly candlestick breaks below this level with increased volume, it will confirm a double top pattern, and a sharp drop targeting $170 will ensue!
Liquidation nuclear bomb area: a large amount of leveraged long positions are piled up above $185, once touched, it will trigger a chain reaction of liquidations, potentially igniting a waterfall market!
Retail survival guide
Leveraged players, conduct an immediate self-check: if your position is above the liquidation price of $185, do it now! Reduce leverage immediately!
Spot traders wait patiently: a sharp drop to $170 allows for staggered bottom-fishing, placing orders near $158 to ambush the golden pit!
Short-term gamblers be warned: a breakthrough above $185 must be accompanied by a doubling of trading volume, or it will be a trap to lure buyers!
On-chain data reveals the truth: the area of liquidation statistics is continuously expanding, with nearly $157 accumulating millions of dollars in short stop-loss orders, while above $185, the sword of Damocles of long leverage hangs precariously!
The main forces are already wielding their knives, yet the retail investors still shout bull market! When the Bollinger Bands and MACD issue a resonance warning, and good news cannot mask the exhaustion of trading volume—this is not the call to charge, but the alarm to retreat! Remember, surviving in the crypto battlefield is the true victory.
Pay attention to DaD, a professional team will help you accurately target swing points, keep up the rhythm and let your assets take off!$SOL #solana
