Family, tonight Long Ge will discuss the four-hour trend and trading strategy of SOL.
The current price is $180.80, just above the key watershed of $180 today. This position is crucial; if it holds, there may be a short-term rebound, but if it doesn't hold, it may test the support range.
Looking at market sentiment, the overall trading volume today is weak; the price has risen, but the volume has not kept up, indicating insufficient bullish strength, so we need to be cautious of false breakouts.
From a technical perspective, the 4-hour candlestick is a small bearish candle, closing below the opening price, showing local selling pressure. If it cannot break through the $180-$183 range, it may continue to oscillate downwards. Moreover, although the price has rebounded, the shrinking trading volume is a sign of weakening upward momentum, so we need to watch whether it can break resistance with increased volume.
In terms of risks, note that the whale account TheWhiteWhaleHL holds $138 million in long SOL positions, and concentrated liquidation could trigger a flash crash; tonight, the opening of US stocks and the expectations of Federal Reserve policy may bring volatility to the crypto market, and it's advisable to avoid data release periods (like CPI/PPI); the number of SOL staking wallets has reached a new high (6031), indicating long-term confidence, but the unlocking of 120 million tokens at the end of the year poses a potential bearish pressure.
Long Ge's strategy tonight: it is recommended to go short, entering around $181.20-$182.25 on a rebound, targeting $178.15-$175.22. The strategy is time-sensitive and should be based on real trading; be sure to set a stop loss. #SOL