SOL's life and death situation: Is 168 dollars heaven or hell? Is the next stop 200 or 150?
Brothers! The current price of SOL is stuck at 168 dollars, like a fishbone stuck in the throat! This price is neither up nor down, but the market has given a deadly signal—the choppy market is about to tear apart, and a trend change is just around the corner!
1. Current Market Situation: Fluctuation is not a safe zone, it's the calm before the storm!
SOL has recently been like a headless fly, bouncing back and forth between 164.62 and 171.66. But don’t be fooled by the apparent calm! Both sides are secretly battling it out—
The lower limit of 164.62 is the life and death line: once it falls below, it will directly break through the psychological barrier of 160 dollars, triggering a panic sell-off!
The upper limit of 171.66 is a ghost gate: if it can't break through, a short-term top will form, and a pullback to 150 dollars is not a dream!
2. Deadly Signal: Trading volume hides secrets, a trend change is imminent!
Trading volume has suddenly shrunk in the last three days, but price fluctuations have intensified! What does this indicate? The main players are controlling the market, using small orders to tug at retail investors' nerves!
Conditions for breaking above 171.66: Must have increased volume! If one day suddenly has a large upward movement of over 5%, and the trading volume doubles, it will shoot straight to 200 dollars!
Signal for breaking down below 164.62: closing below the support level for three consecutive days, or a large bearish candle breaking through directly, will see 150 dollars!
3. The Judge's Windfall: Should we bottom fish now or escape?
Conservatives: Wait for a clear direction before taking action! If it breaks 171.66, enter when it bounces back without breaking; if it falls below 164.62, open a short position when it rebounds!
Radicals: Right now around 168 dollars, bet 30% of your position on a breakout! Set a stop loss at 164, target 185-190! But remember—don't increase your position regardless of wins or losses, that's discipline!
4. Bloody Suspense
Looking at the moving average system in this chart, the 5-day, 10-day, and 30-day moving averages have twisted together, which is the most dangerous signal before a trend change!
SOL is stuck in the 164-171 dollar range, like a coin caught in a door crack! The moving averages are twisted together, and trading volume has shrunk to a minimum—this is a standard signal on the eve of a trend change! If significant transfer data appears on-chain tonight, breaking above 171.66 will directly target 185, while breaking below 164.62 will lead to a 150 dollar bottom entry! Keep the stop loss 3% outside the key level, and don’t get overly invested regardless of wins or losses!
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