$SOL SOL Threefold Bearish Signal Issued! 🚨

The empty trend has now emerged, with a support line at 177.171 and resistance lines at 186 and 192. The overall trend tonight remains bearish.

First, on the 4-hour chart, the EMA30 has crossed below the EMA60, and the price continues to run below the moving averages, forming a standard bearish arrangement.

Secondly, the RSI is at 45, in a neutral range that is relatively weak, but it hasn't reached oversold levels, leaving ample room for downward movement.

The correlation between SOL and BTC indicates that if BTC loses the 115000 level, SOL could drop by about three times the extent.

Having experienced two rounds of bull and bear cycles, I have professional strategies for breaking even, focusing on mid to long-term waves. I have just transitioned to Binance, so please stay tuned.