Technical deep dive: The middle track of the Bollinger Bands acts as a 'meat grinder', with hidden mysteries in the Fibonacci levels!
Currently, the SOL 1-hour candlestick is repeatedly rubbing below the middle track of the Bollinger Bands (182.5), bulls have tested multiple times but failed to break out with volume, indicating that the main force is still observing! The upper resistance at 185.5 overlaps with the Fibonacci 61.8% retracement level (188.66), forming double pressure; while the lower support at 177.25 corresponds perfectly to the Fibonacci 0% retracement level, resonating with the 'watershed' label in the chart. Once it is broken, the bearish gate will be fully opened!
More crucially, the 50% retracement level (166.5) and the 38.2% retracement level (184.32) marked in the chart hide the code for the medium to long-term trend—if it stabilizes above 182.5, the next target will rush towards 191.72 (178.6% extension); if it loses 177.25, a waterfall market may plunge to 166.5 for deep washing!
Catalysts from news: Could the Ethereum ETF benefit Solana? Whale movements reveal secrets!
Although SOL has recently lacked independent positive news, the expected Ethereum ETF approval could ignite an explosion across the entire public chain sector! On-chain data shows that a certain whale address bought 200,000 SOL (about 36 million USD) in batches last night, while large orders on Binance piled up in the 177-178 range (marked as 'large buy order' in the chart), indicating the main force's clear intention to defend! However, caution is needed: if Bitcoin plunges overnight, SOL will likely follow suit, and the 177.25 buy order may be instantly breached!
Iron Hawk's personal viewpoint: A breakthrough is certain tonight! Two scripts are pre-rehearsed.
Bullish victory condition: A breakout above 182.5 with significant volume and a 1-hour candlestick closing above it can lead to a target of 185.5 (reduction point), or even a sneak attack in the 188-190 range!
Bearish slaughter condition: If 182.5 remains under pressure and breaks below 177.25, immediately stop loss, targeting a drop to 173-170.
Subtle hint: The hidden '23.6% retracement level (181.62)' in the chart is only 0.88 USDT away from the middle track at 182.5, this position may be a trap for a false breakout by the main force! I will share specific techniques for identifying true and false breakouts, as well as subsequent key points, tonight at 22:00 in the community, fans must keep an eye on the market!
Operational advice (don't panic during a sharp drop!)
For aggressives: Long after a breakout at 182.5 with a pullback that doesn't break, stop loss at 180;
For the steady: If 177.25 holds, a light position long on the rebound, and reverse to short if it breaks;
Ambush party: Set a buy order at 166.5 to catch a bottom (long-term value zone), and a sell order at 190.5 to escape the top!
Conclusion: Tonight is bound to be tumultuous for SOL! Whether bullish or bearish, 182.5 will be the touchstone of faith. Want to catch the next wave of a 50% increase? Follow Iron Hawk, who will guide you to profit!
#山寨季何时到来？
Top support is in place! Follow Iron Hawk, who only lacks one thing: a crazy ambition like yours!
$SOL
