The harder the spring is compressed, the more violently it rebounds! SOL is now the spring of the financial market - the longer it consolidates, the more the next wave of market will break the ceiling!
A tug-of-war between bulls and bears, stalemate until legs are weak
Price stuck at 184 USD at this 'crossroads', above there's the 'high voltage grid' at 187 USD, below there's the 'safety cushion' at 177 USD, completely stuck in the elevator door gap.
In the MACD indicator, the two lines DIF and DEA are about to spark, indicating that both bulls and bears are gritting their teeth, but neither has the strength to knock the other down.
RSI three lines swaying in the 52-55 range, just climbed above the 'passing line' of 50, like when you lift dumbbells and your arms tremble - it looks a bit strong, but lacks explosive power, no volume is just playing tricks!
Volume exposes the main force's intentions
The market is now like the silence before a storm, the volume has shrunk to the point where the main force's breathing can be heard. This 'shrinking sideways' is big money playing the game of 'guess where my hand is', direction choice could explode at any time!
Long Ge's viewpoint
Short-term script: 177-187 USD range 'Saw' style fluctuations, but the sideways movement won't exceed 3 candles
Break the life and death line: Break 187 USD with volume: Close your eyes and chase long, targeting 195-200 USD
Drop below 177 USD: Run away quickly, it could crash to 170 USD or even lower
SOL is now like a compressed spring, 187 is the spring switch, 177 is the safety valve. Don't bet when there's no direction, don't be timid when there's direction!
Bull market fleeting, what you lack is never opportunity, but the courage to pull the trigger! Follow Long Ge, let me lend you a hand.
