The 180 defense line has already seen blood, and SOL is now the bungee cord on the edge of the cliff!
This morning, Big Pancake led the jump off the cliff, and SOL directly performed high-altitude diving, with the funding rate on Coinbase plummeting to -0.018%, clearly indicating that the bears are ready to feast on meat dumplings!
Now, the once iron bottom at 180 has been smashed into a hornet's nest—on-chain data shows that a giant whale bought 50,000 coins at the 178 position, but it instantly turned into a flying knife catch.
The current life-and-death line highlights:
175 is the last underwear line! The weekly Fibonacci 0.618 retracement level is here, and if it breaks again, it will be abyss mode.
Above, 182 has become a new coffin board, with every rebound to this point in the early session being suppressed by 100,000 coins.
The 4-hour RSI has dropped to 28 but has not yet increased in volume, a typical “continuation” trap during a decline.
After the crash, the three-word operation strategy:
Do not chase shorts during sharp drops: especially when RSI < 30, be ready to cut losses on any potential rebounds (reference the LTC spike of 15% the day before yesterday).
Escape during rebounds: 182-185 has become the new meat grinder; do not believe in “bottom-fishing” ghost stories.
Keep an eye on the US stock market: if Nvidia's earnings report tonight goes badly, SOL will absolutely be the first to suffer.
Blind operation = loss! Follow Mig, learn professional thinking and strategies, and say goodbye to “feeling-based” trading! Click the avatar, change starts from following!
