Tonight's SOL is at a breath-taking critical moment— the 1-hour candlestick is slightly rebounding at the lower Bollinger Band, but the MACD death cross is still sending out warnings!
The current price is entangled at the critical level of 190, with the overhead resistance at 200 pressing down like a mountain, while the support level at 180 is the last line of defense.
This is not an ordinary fluctuation, but a storm that is about to brew!
Technical analysis: Secrets hidden within the death cross, the Bollinger Bands are quietly closing!
From the 1-hour chart, SOL is currently in a typical battleground area between bulls and bears.
Although the MACD shows a death cross, indicating a bearish short-term momentum, the price is receiving slight support near the lower Bollinger Band and is slightly rebounding— this is often a precursor to a trend change!
Key point analysis:
Resistance level 200: Breaking this level will trigger a wave of short liquidations, accelerating upward momentum.
Critical level 190: The dividing line between bulls and bears! Only by standing firm at 190 can we expect an upward attack.
Support level 180: Once lost, it may trigger large-scale liquidations of bulls, testing lower positions.
It is worth noting that the trading volume has recently shown a characteristic of 'rapid shrinkage after reaching a new high'— this usually means the market is accumulating energy, rather than truly turning down.
According to the liquidation heatmap, there are a large number of short orders in the 190-200 range. Once the price breaks strongly, a short squeeze may trigger a chain reaction of rises!
Mig's perspective: Is it a trap to short or a real decline? Here's how I see it!
The current death cross + fluctuation at the lower Bollinger Band seems more like a 'trap to short'.
The market is repeatedly testing around 190, not to crash the market, but to shake out hesitant bulls.
If you're also watching the market, please pay attention:
A real breakthrough of 190 and stability can be seen as a short-term bullish signal;
But if it breaks 180 with high volume, be sure to beware of a deep correction!
Remember: The market never waits for anyone, awareness determines profit. We are retail investors, but we are not fodder.
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