Is the $200 SOL a pie or a trap?
Currently, #sol is playing out this year's most bizarre market: the price has soared 5% in two days, while the RSI has broken through the warning line of 93, stretched to the limit.
Subtle signals are hidden in the undercurrents of capital: the BOLL channel bandwidth has expanded from 17 points to 23 points, and the upper Bollinger band of 188.85 has been strongly broken through, which is usually a sign of bullish strength; however, a dense cluster of chips suddenly emerging in the 192.1 area is the last fortress of the trapped positions from July 15.
When the price touches this level, there are sell orders for over 5 million SOL lurking in every $0.1 interval!
Those retail investors who built positions below 185 are facing a soul-searching question at the 192 mark: what should the next step be?
The spring is compressed to the limit; it will either launch into the air or break in two. Holders have set their stop-loss at 189.5, while those wanting to enter are waiting for a correction to 186-188, and a psychological barrier at 180 must be set as the liquidation line, because this is not only the middle Bollinger band but also the last breakwater for bulls!
Is this round of SOL's surge a rocket heading towards $200, or a bait of a bullish trap? The answer may be hidden in those overlooked details.
The next 10x coin is being anxiously prepared, with limited slots available, welcome to come verify!