When SOL's candlestick starts to free fall, market sentiment is more volatile than Musk's Twitter - but don't panic, let Qing Yao peel back this layer of 'panic onion' for you! $SOL
Why did it break below 190? - The main force is playing 'Squid Game'
SOL's one-hour candlestick performed a 'collapse of faith', with the key level of 190 directly breached by a large bearish candlestick, a 24-hour drop of over 7%, a definite 'crypto market rapid decline experience'. On the surface, it seems the market sentiment is overshadowed by the hawkish shadow of the Federal Reserve, but in reality, the main force is playing 'Squid Game' - crazily washing the market with leveraged liquidation waves! On-chain data shows that a large number of long stop-loss orders have piled up around 190, and a single 'fake move' by the big players can trigger a chain reaction. But Qing Yao reminds: 'Breaking below ≠ going to zero, the tricks of the dog traders are always deeper than your stop-loss orders!'
What's next? - Focus on these three scenarios
Scenario 1 (Continuation of Bear Market): If SOL fails to rebound above the key level of 199, it may continue to test the support at 184, or even test the 175 'hell level', short-term players are advised to set a good 'parachute' (stop-loss).
Scenario 2 (Bullish Counterattack): If the one-hour candlestick closes with a 'long lower shadow' accompanied by increased volume, below 190 might become a 'diamond pit', with a rebound target looking at the resistance level of 207.
Scenario 3 (Sideways Stagnation): Repeatedly grinding in the range of 184-199 until significant news breaks in the macro environment or the Solana ecosystem. Qing Yao's quote: 'As long as the horizontal length is long, the vertical height is high - provided you don't die before dawn!'
Bearish or Bullish? - Qing Yao's 'Counterintuitive Answer'
Currently, the market overwhelmingly shouts 'it's cool', but smart people are quietly positioning: SOL's FDV is still lower than similar public chains, ecosystem TVL remains in the top three, and oversold signals are flashing on the technical side! Remember, 'when retail investors are crying and cutting losses, whales are laughing and picking up chips'. Short-term volatility is emotion, long-term value looks at the ecosystem - Solana's narrative of 'speed and passion' is far from over!
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