Brothers, I am an old player in the cryptocurrency circle.
Today, while watching the market, I found something interesting on the one-hour line of SOL—the price is hovering around 196 dollars, and the Bollinger Bands are tightening (upper band at 201, lower band at 192), the MACD yellow and white lines are grinding below the zero axis, RSI hasn't been oversold yet... On the surface, it looks like a correction, but behind the scenes, the main players might be up to something!
1. What tricks are hidden in the technical analysis?
Speaking through the chart: After SOL's one-hour line dropped to 185, it quickly rebounded, but the volume did not keep up (VOL shrank to a thin line), indicating that retail investors are cutting losses, and the main players never intended to really crash the market! The resistance level is 202, support is 190, and the level at 196 is the battlefield for bulls and bears. The price is currently stuck at the middle band of the Bollinger Bands, resembling a tightly compressed spring—breaking the upper band at 202 is a signal to take off, while dropping below 190 we need to be cautious.
Dasheng's practical experience: In this volatile market, I generally place orders around 190 to ambush long positions, setting the stop loss at 188, the risk-reward ratio for a rebound is super favorable! (How to place orders specifically, I will elaborate later)
2. News broke out about 'dark market actions'!
The second chart is more exciting: Abraxas Capital's big player is secretly reducing their SOL short position, closing 14,000 coins at once, with a floating profit of 6.97 million USD! But they immediately turned around to short small coins like XPL and HYPE... What does it indicate? Big funds feel that SOL cannot drop further, temporarily don’t want to crash the market, but instead, run to harvest the altcoins!
This operation aligns with my judgment—The SOL pullback is just the main force scaring people, the aim is to get retail investors to hand over their chips, making it easier for them to buy at a low price. Don’t forget, September is often a strong month for SOL, historical data shows that the deeper you squat, the higher you can jump!
3. What to do next? Remember two key points!
Short-term: If it holds above 196 USD, you can lightly test a long position, increase the position if it breaks through 202, target previous high of 210+. If it drops below 190, wait to bottom around 185.
Medium to long-term: This year, many projects are launching in the Solana ecosystem, and the on-chain data hasn’t collapsed, hold on tight and don’t get shaken out! A few old players around me are placing grid orders below 190, earning quite well, specific strategies I will discuss next time in the fan group chat.
Attention! Dasheng discovered a 'main force absorption indicator' that most people overlook——When MACD volume shrinks, once a 'golden cross' appears, the probability of a surge is extremely high! Brothers who want to catch a wave of 20% increase, hit follow, I will break down this indicator's exclusive usage in tonight’s live stream!
Follow Dasheng, avoid the losses from liquidation, and only eat the gains from the rise, as well as the losses from the drop!
Leave a message in the comments saying 'SOL target price', and I will draw 3 fans to send my (profit and loss management manual), serious inquiries only!
Want to know the specific operation strategy? Go to Dasheng Village! Take you to fight through the dealers, bloodbath the shorts! Don't wait until liquidation to regret!
